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Mariner Adds $500M in Assets With Two Advisor Teams
Mariner, an Overland Park, Kan.-based registered investment advisor managing about $632 billion in client assets, has acquired two advisory teams from other wealth managers, adding $500 million in assets to its portfolio.
A St. Louis-based team led by father Blake and son Connor Dunlop left Benjamin F. Edwards, where they had a firm called the Dunlop Investment Group, according to BrokerCheck. The duo oversees $400 million in client assets for families, business owners, athletes, and executives.
The other team, based in Timonium, Maryland, is led by Grant Palmer III, who left Waypoint Wealth Management after about 15 years, according to BrokerCheck. His team manages $100 million in assets, focusing on “evidence-based investing and retirement planning.”
The additions come the same week that Mariner announced it had agreed to sell its Mariner Advisor Network, a division of Mariner with 367 LPL Financial-affiliated advisors and $31 billion in assets, to independent broker/dealer LPL. Private Advisor Group, the Morristown, N.J.-based registered investment advisor and office of supervisory jurisdiction of LPL, will acquire the Mariner network’s hybrid business.
The Dunlop-led team sought a partner to advance long-term growth objectives while preserving client relationships, according to an announcement. The Palmer-led team emphasized continuity and expanded resources for clients. Both teams adopted the Mariner name and brand upon the deals’ closure on March 31 and April 15, respectively.
Turkey Hill Management represented the Dunlop team in the move.
Caprock Opens Denver Multi-Family Office Location
Caprock, a Boise, Idaho-based $13 billion multi-family office registered investment advisor, has opened an office in Denver, bringing its total U.S. office count to 10.
The Denver office is targeting entrepreneurs, professional investors, athletes, and generational wealth families. It will be anchored by Eric Osmundson, director and client advisor, who has been with Caprock for about a decade, and Bennie Fowler III, director of strategic development, who has been with the firm about one year, according to BrokerCheck.
Caprock advises on $16 billion in assets, including $8 billion in private markets investments.
OnePoint BFG Adds Northwestern Mutual Breakaway
OnePoint BFG Wealth Partners, a Parsippany, N.J.-based RIA backed by Rise Growth Partners, has brought on a financial planning firm, Armstrong & Sinoff Financial, previously affiliated with Northwestern Mutual, managing $425 million in assets.
Armstrong & Sinoff specializes in financial planning, investment strategy, and tax efficiency for high-net-worth individuals, business owners, and senior executives. It will be based in Orlando and establish a new base there for OnePoint BFG.
Paul Armstrong, a partner at Armstrong & Sinoff, had been with Northwestern Mutual since 2010, according to BrokerCheck.
Armstrong & Sinoff will transition to the OnePoint BFG brand over time. OnePoint BFG manages over $15 billion in client assets.
Wealth Enhancement Acquires FullCircle Wealth
Wealth Enhancement, the Minneapolis-based national wealth manager, has acquired FullCircle Wealth, an independent RIA in Dallas managing $268 million in assets. The acquisition brings Wealth Enhancement’s total client assets to more than $141.9 billion, along with $4.8 billion in brokerage assets.
FullCircle Wealth, led by Brent Sikes, provides wealth management services, including financial planning, tax mitigation, and investment guidance. The firm primarily serves business owners, technology professionals, and multi-generational families.
Sikes had been with Triad Advisors before going independent in 2024, according to BrokerCheck.
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