Mariner Wealth Advisors is acquiring Corbenic Partners, a Bethlehem, Pennsylvania-based based independent RIA with over $1 billion in assets under management, in a deal that is expected to close June 30, Mariner said Tuesday.
The deal represents Mariner's fourth acquisition so far this year, following Boston-based Taylor Wealth Management Partners; Bloomfield Hills, Michigan-based Emerson Wealth; and Miramar Beach, Florida-based Arbor Wealth Management. Mariner acquired 14 firms in 2021.
Financial terms of the Corbenic deal were not disclosed. Corbenic will assume the Mariner Wealth Advisors name following the closing and continue operations as before with its current team of eight in place, Mariner said.
Advisor Growth Strategies, a Phoenix-based management consulting and M&A advisor, provided transaction advisory services to Corbenic for the transaction.
The Bethlehem office will be Mariner Wealth Advisors' 74th U.S. location, its sixth in Pennsylvania and its second in the Lehigh Valley, the company said. Mariner now has $300 million in AUA, and its affiliates now advise on more than $60 billion in assets combined.
"As we continue to see great success with our growth strategy, we're always seeking out firms that will add unique value to our diverse team of advisors," Marty Bicknell, CEO and president of Mariner Wealth Advisors said in a statement.
