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New Deal


Announced

Mariner Wealth Advisors to acquire The Financial Services Network.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

United States

Majority

management consultancy

Management Consulting

Private

Pending

Friendly

Single Bidder

Synopsis

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Mariner Wealth Advisors, a financial planning firm, agreed to acquire The Financial Services Network, a national enterprise office that provides a variety of administrative, consulting, compliance and operational services. Financial terms were not disclosed. “Today is a win for advisors who seek to spend more time advising their clients and growing their business and less time managing the day-to-day operations. The depth of experience among the professionals at The Network and the reach and expertise of LPL Financial will enable us to serve more advisors and enhance their access to some of the industry’s best back-office and consulting resources," Marty Bicknell, Mariner Wealth Advisors CEO and President.

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