Mariner has taken a significant step forward in its wealth management services by acquiring Taurus Asset Management, a New York City-based firm known for its focus on high-net-worth individuals and professional athletes, managing approximately $1.4 billion in assets. This acquisition not only broadens Mariner's service portfolio but also solidifies its presence in the specialized sectors of professional athletes and ultra-high-net-worth families.
Taurus Asset Management, established in 2004 by Brad Peck, has been recognized for its customized wealth planning and investment management services. Peck's longstanding expertise, especially in advising professional athletes since 1996, introduces a distinctive viewpoint and established client connections to Mariner. The merger is viewed as a harmonious blend of shared values and client service methodologies between the two entities.
Marty Bicknell, Mariner's CEO and president, underscored the strategic value of this acquisition, emphasizing the advanced capabilities and specialized knowledge Taurus contributes. Finalized on May 31, 2025, the agreement merges Taurus Asset Management under the Mariner brand, with the team maintaining operations from its Madison Avenue office. Clients are anticipated to benefit from an expanded range of services, such as estate planning, tax preparation, and personal finance, all under Mariner's comprehensive service umbrella.
Brad Peck highlighted the advantages of joining forces with Mariner, citing the latter's extensive resources and internal expertise as pivotal for Taurus to enhance its service offerings while preserving the bespoke approach cherished by its clientele. This acquisition underscores Mariner's dedication to broadening its market reach and improving service quality in the fiercely competitive wealth management industry.
