Mariner Wealth Advisors, a US-based the wealth management firm, has acquired the individual wealth management firm formerly associated with CBIZ, known as CBIZ Wealth Management.

The group joining Mariner from CBIZ Wealth Management includes 24 individual wealth management consultants and professionals located in Cumberland (MD), Denver, Kansas City, Los Angeles, New York, Philadelphia, and San Diego.

They joined Mariner effective 1 January 2011, increasing the number of Mariner wealth advisors significantly and the total number of professionals in the broader Mariner family to 270.

Terms of the transaction were not announced, but each of the CBIZ individual wealth management group’s offices is expected to remain open and be rebranded under the Mariner name within a year.

Mariner Wealth Advisors CEO Martin Bicknell said Mariner Wealth Advisors believes there is great potential for its organizations to benefit from their respective skill sets.

"Our excellence as wealth advisors complements this group’s excellence in business services, products and solutions in accounting, employee benefits, insurance and retirement planning.

"By affiliating with Mariner Wealth Advisors, these wealth advisors will have unique access to a broader range of services and our holistic approach to long-term wealth management for family offices, businesses and high net-worth individuals. For us, adding this group helps deepen our expertise and broaden our capabilities for clients," Bicknell concluded.