Mariner Wealth Advisors Acquires Baystate Wealth Management

–News Direct–

Mariner Wealth Advisors, a national wealth advisory firm, today announced a large expansion in the northeast with the acquisition of Baystate Wealth Management. The Boston, Mass.-based firm brings with it $1.8 billion in AUM. The Baystate team’s unique skills in customized and diversified investment portfolios for clients will open new streams for growth and positive impact, supporting Mariner as it progresses on its mission to positively impact the lives of as many people as possible.

“Not only does Baystate’s advanced approach to investment portfolios fold perfectly into Mariner’s catalog of strategies, bolstered by their team of talented professionals, but their values also align with ours,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “They do what’s right for and by the client, which remains the number one goal at Mariner when serving our clients.”

Founded by Thomas O’Connor and Dave Porter in 2009, Baystate Wealth Management is guided by the core principles of work ethic, integrity, competency, knowledge and professionalism. The firm takes a unique approach to assessing risk, evaluating investment strategies by assessing risk assets, diversification assets and protection assets. In addition to specializing in customized and diversified investment portfolios, Baystate also acts as an outsource investment manager for advisors, opening a variety of opportunities for Mariner Wealth Advisors. Mariner will, in turn, support Baystate as it scales its mounting growth while continuing to serve clients in its personalized manner.

“The amazing team at Baystate, supported by our loyal client base, never ceases to amaze me,” said O’Connor, president and co-founder of Baystate Wealth Management. “I am so proud of what this group of professionals has built, and joining Mariner Wealth Advisors is the natural next step to ensure they can continue building on our unique offerings to the industry while still putting the client first. This move will provide us with the opportunity to grow in ways we’ve never dreamed possible.”

The deal officially closes on January 1, 2024. Baystate will continue to act as an outsource investment manager for advisors and will operate as a third-party investment offering under the Baystate name, while utilizing Mariner Wealth Advisors’ resources to expand its reach and the number of advisors it is able to serve. All thirteen of Baystate’s employees will be retained by Mariner, and this acquisition will mark Mariner Wealth Advisors’ third office in Massachusetts and its 98th nationwide.

To learn more visit marinerwealthadvisors.com.

At Mariner Wealth Advisors, we provide 360° advice designed to last. We focus on one thing—partnering with clients to create a financial strategy for today and beyond that’s flexible enough to change along with them. The ultimate goal? Helping clients identify what is important so they can achieve their goals—we’re committed to being here for everything life brings their way. We’ve built our firm around what our clients need. We began by offering wealth planning resources and then added services from tax planning to insurance—all under one roof. We believe this integrated approach to wealth management helps simplify our clients’ lives. Founded in 2006 with $300 million in assets under advisement, Mariner Wealth Advisors and its affiliates now advise on over $114 billion in assets as of 6/30/23.

Contact Details

Remi Yuter

mariner@hotpaperlantern.com

Company Website

360° Advice Designed to Last

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