Marty Bicknell’s Mariner Wealth Advisors has closed on a deal to acquire Vaughn Wealth Management, an Orlando, Fla.-based registered investment advisor with $250 million in assets under advisement. The deal represents Mariner’s fourth office in Florida.
Mariner grew rapidly over the summer, adding a total $10 billion in assets under advisement since June. That includes Mariner’s acquisition of Steve Lockshin’s RIA firm AdvicePeriod, with about $5.1 billion in client assets.
Forty-year-old Vaughn is led by President Kevin Taylor and serves over 200 clients. The firm provides retirement and income planning, tax mitigation, estate planning, risk management and investment management to clients.
Mariner took a minority investment from private equity backer Leonard Green & Partners in April to fund acquisitions. The firm now has 417 advisors across 58 offices, and a total $46 billion in AUA as of June 30.
