Transactions
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FCG Advisors Has Been Acquired By Mariner Wealth Management
New York, NY, September 28, 2021 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have represented FCG Advisors, LLC (“FCG”) on its acquisition by Mariner Wealth Advisors (“Mariner”), a leading registered investment adviser (“RIA”) with approximately $50 billion in assets under management and advisement and headquartered in Overland Park, Kansas. Based in Chatham, New Jersey, FCG is a comprehensive wealth management company that provides highly personalized financial planning and investment management to high-net-worth individuals and families, with approximately $2.7 billion in assets under advisement. Terms of the transaction were not disclosed.
“An internal culture focused on collaboration, not competition, is what attracted us to join Mariner Wealth Advisors. And for our valued, longtime clients, many of whom are multi-generational, their offerings from wealth planning to insurance solutions allow us to expand upon the services we provide,” said John Combias, Founder and Managing Director of FCG Advisors.
Marty Bicknell, CEO and President of Mariner Wealth Advisors, comments, “We’re thrilled to welcome the great associates at FCG Advisors to our already talented team. Having an expanded presence in New Jersey will allow us to serve our existing clients better and give us the opportunity to provide wealth advisory services to more people across the region.”
Dan Erichson, CFA, a Park Sutton Advisors Director, who led the transaction said, “I first met John several years ago. It has been a pleasure establishing a trusted relationship with the FCG team. I am so pleased to have played a role in this transaction and wish them the very best in their next growth phase.” Steven Levitt, Founder of Park Sutton Advisors added, “We continue to see an increasing number of firms seeking to benefit from partnerships with groups that can offer comprehensive wealth services to clients, such as tax, trust, and estate work, all under one roof. As the RIA landscape continues to evolve, many firms are finding that in order to optimally compete, it makes sense to consider being part of something bigger.”