Berkshire Global Advisors Acted as Financial Advisor to AndCo Consulting
Seller Details:
Founded in 2000, AndCo Consulting is an independent institutional investment and retirement plan consulting firm based in Winter Park, Florida. AndCo offers a full range of investment and fiduciary consulting services for all types of institutional clients.
Buyer Details:
Founded in 2006, Mariner Wealth Advisors is a national wealth advisory firm headquartered in Overland Park, Kansas with $122 billion in assets under advisement. The firm provides personal financial planning, reporting, consulting and investment advisory services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities.
Transaction Summary:
Mariner Wealth Advisor’s acquisition of AndCo Consulting includes a simultaneous acquisition of Fourth Street Performance Partners, an independent investment consulting firm serving institutional clients. The acquisitions significantly bolster Mariner’s institutional presence, adding 100 associates and bringing the firm an additional $104 billion in assets under advisement. Based on its approximately 25 years of operational experience, the AndCo team will drive the new business vertical, Mariner Institutional. Fourth Street will merge with AndCo upon closing of the transaction, each maintaining their existing teams and focus on serving institutional clients under the Mariner Institutional brand. Joining Mariner allows them to augment services through enhanced infrastructure and financial resources. AndCo and Fourth Street will retain their 100 professionals and continue serving clients out of their locations in Covington, Winter Park, Chicago, Dallas, Detroit, Pittsburgh, Cleveland and Reno, Nevada.