Mariner Strengthens Wealth Management Position with Taurus Asset Management Acquisition
TL;DR
Mariner's acquisition of Taurus Asset Management enhances its competitive edge by expanding services to professional athletes and high-net-worth individuals with $1.4 billion in assets.
The acquisition integrates Taurus Asset Management's specialized wealth planning and investment management services into Mariner's comprehensive financial advisory framework, closing on May 31, 2025.
This partnership between Mariner and Taurus Asset Management aims to improve financial well-being for high-net-worth families and athletes, fostering long-term wealth and generational planning.
Discover how Mariner's strategic acquisition of Taurus Asset Management brings together expertise in athlete wealth management and comprehensive financial services under one roof.
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Mariner, a national financial services firm, has significantly bolstered its wealth management capabilities through the acquisition of Taurus Asset Management, a New York City-based firm specializing in high-net-worth individuals and professional athletes, with approximately $1.4 billion in assets under advisement. This strategic move not only expands Mariner's service offerings but also strengthens its position in the niche market of professional athletes and ultra-high-net-worth families.
Founded in 2004 by Brad Peck, Taurus Asset Management has carved out a reputation for providing tailored wealth planning and investment management services. Peck's extensive experience, particularly in advising professional athletes since 1996, brings a unique perspective and deep client relationships to Mariner. The acquisition is seen as a perfect alignment of values and client service approaches between the two firms.
Marty Bicknell, CEO and president of Mariner, highlighted the strategic importance of the acquisition, noting the enhanced capabilities and expertise Taurus brings to the table. The deal, which closed on May 31, 2025, integrates Taurus Asset Management into Mariner's brand, with the team continuing to operate from its Madison Avenue location. This merger is expected to offer clients a more comprehensive suite of services, including estate planning, tax preparation, and personal finance, under the Mariner umbrella.
Brad Peck emphasized the benefits of the partnership, pointing to Mariner's scale and in-house expertise as key factors that will enable Taurus to elevate its service offerings without losing the personalized approach its clients value. The acquisition is a testament to Mariner's commitment to expanding its footprint and enhancing its service delivery in the competitive wealth management industry. This matters because it represents a consolidation trend where larger firms acquire specialized expertise to serve lucrative, high-demand client segments more effectively, potentially reshaping service standards and competition in wealth management.
Curated from News Direct
