Curated News
By: NewsRamp Editorial Staff
January 09, 2025
Mariner Acquires Cardinal Investment Advisors, Adding $292 Billion in Assets Under Advisement
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- Mariner's acquisition of Cardinal Investment Advisors adds $292 billion in assets, strengthening its position in the market.
- Mariner acquired Cardinal Investment Advisors, enhancing its institutional consulting services and expanding its client base nationwide.
- The acquisition enables Mariner to better serve clients with tailored investment strategies, fostering a positive workplace culture and addressing market complexities.
- Cardinal Investment Advisors has been recognized as one of the best places to work in money management for 10 consecutive years, reflecting its commitment to excellence.
Impact - Why it Matters
This news matters as the acquisition expands Mariner's capabilities, enabling it to better serve institutional clients and address their unique challenges. The partnership sets a new standard in the industry for tailored, innovative solutions and highlights the growing demand for customized investment strategies.
Summary
Mariner, a leading national financial services firm, announced the acquisition of Cardinal Investment Advisors, adding $292 billion in assets under advisement and 40 employees to its Mariner Institutional practice. This strategic move strengthens Mariner's ability to meet client demand, bringing total assets under advisement to approximately $550 billion by 2025.
Cardinal Investment Advisors, known for its investment consulting services since 2001, will become the insurance advisory practice within Mariner Institutional. This acquisition directly addresses the increasing demand for tailored investment solutions in a complex market.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Mariner Acquires Cardinal Investment Advisors, Adding $292 Billion in Assets Under Advisement
