Mariner, a national financial services firm, has taken a significant step forward in its growth strategy by integrating Ocean Heights Advisors, a Newport Beach-based wealth management firm with $730 million in assets under advisement. This move not only underscores Mariner's commitment to expanding its footprint in the financial services industry but also highlights its innovative approach to advisor succession and client service enhancement.
The partnership between Mariner and Ocean Heights began in 2022, allowing Ocean Heights to maintain its independence while benefiting from Mariner's operational support. This collaboration proved fruitful, enabling Ocean Heights to nearly double its assets under advisement and broaden its client services over three years. The transition includes all members of the Ocean Heights team continuing in their current roles, with key partners becoming Mariner shareholders, signaling a seamless integration process.
Marty Bicknell, CEO and president of Mariner, highlighted the strategic significance of this transition, pointing to Mariner's dedication to providing financial advisors with a clear succession pathway and ensuring a seamless client experience. This model allows advisors to retain their independence initially, with the option to fully integrate into Mariner's infrastructure later, ensuring business continuity and access to expanded resources.
The agreement, signed in December 2024 and effective April 1, 2025, represents a milestone in Mariner's journey from its inception in 2006 with $300 million in assets under advisement to advising on over $560 billion in assets today. This growth trajectory not only demonstrates Mariner's strategic expansion but also its role as a forward-thinking leader in the financial services industry. For more information on Mariner's services and growth strategy, visit https://www.marinerwealthadvisors.com.
