Mariner Wealth Advisors Acquires Barley Mill Asset Management
Acquisition Adds Approximately $700 Million in Assets Under Advisement
Overland Park, Kan. – October 21, 2021 – Mariner Wealth Advisors, a national wealth advisory firm headquartered in Kansas City, today announced that it has acquired Barley Mill Asset Management in Wilmington, Del. The acquisition marks the eighth deal since the firm began rapidly expanding in July with the acquisition of Allegiant Private Advisors. This is Mariner Wealth Advisors’ first office in Delaware, and the Wilmington location is strategically positioned to support the firm’s Philadelphia team.
Barley Mill Asset Management’s team advises on approximately $700 million in assets and has built a trusted reputation with its clients since its founding over a decade ago. Joining the Mariner Wealth Advisors team allows the already successful firm to gain access to additional services and investment solutions that will help them continue to put clients’ interests first.
“Our mission has always been to assist our clients in reaching their goals by developing an objective and comprehensive investment strategy,” said Paul Dorsey, founder of Barley Mill Asset Management. “We believe that joining Mariner Wealth Advisors is the right step in continuing to serve our clients for generations to come.”
Since July, Mariner Wealth Advisors has announced eight acquisitions and added nearly $15 billion in assets under advisement. The firm also opened new offices in San Antonio, Tex., and Grand Rapids, Mich., during this time of expansion, bringing it to a total of 58 locations across 30 states. Mariner Wealth Advisors will continue to seek new opportunities to grow its outstanding team in the coming months.
“I can’t think of a more notable group of associates than the team at Mariner Wealth Advisors, and we’re humbled to expand with Barley Mill Asset Management as we grow our national footprint,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “The sky’s the limit for this team, and there’s even more growth to come. Growth not only brings opportunities for our clients, but our associates as well.” Serving nearly 600 clients in over 340 households, Barley Mill assumed the Mariner Wealth Advisors name when the deal closed. The Wilmington location remains under Dorsey’s leadership.