Two registered investment advisors announced separate transactions on Monday, collectively adding more than $1.2 billion in client assets. Mariner Wealth Advisors is acquiring a Florida-based practice focused on first responders, while Mission Wealth completed two mergers that expand its footprint in Southern California and the Pacific Northwest.
Mariner has agreed to acquire Atlantic Wealth Partners, a Jupiter, Florida advisory firm founded by Steve Olson. The practice manages approximately $218 million in assets and serves a niche clientele of police, fire rescue, and emergency services personnel across Palm Beach and Martin counties. The deal is expected to close on June 30, with three advisors from Atlantic Wealth Partners joining Mariner.
Atlantic Wealth Partners has built strong ties with organizations such as the Palm Beach Policemen's Benevolent Association, a relationship that aligns with Mariner's growing focus on public safety workers. Through its Mariner Institutional division, the firm already oversees roughly $35 billion across 256 retirement plans for first responders nationwide. Mariner recently hired Steve Callaghan, a former NYPD Bomb Technician and U.S. Navy veteran, as a senior wealth consultant dedicated to this client segment.
"First responders dedicate their lives to serving their communities while navigating financial situations that are often uniquely complex," said Marty Bicknell, president and CEO of Mariner, in a statement. "Atlantic Wealth Partners has earned trust by understanding those realities and building lasting relationships within the communities they serve. Their addition strengthens an important area of focus for Mariner."
Separately, Santa Barbara-based Mission Wealth said it had finalized two mergers in May, bringing in independent advisory teams from Southern California and the Pacific Northwest with more than $1 billion in combined assets under management. The firm did not disclose the names of the acquired firms. These transactions represent Mission Wealth's third and fourth completed acquisitions in 2026, extending its presence in regions it had identified as strategic priorities.
Mission Wealth now oversees more than $16.8 billion in client assets. The firm described the additions as consistent with a values-led approach to growth, with both incoming teams offering capabilities in investment management, tax planning, estate planning, and multigenerational wealth strategy.
"Our growth this year reflects a deliberate effort to partner with firms that share our values and commitment to clients," said Matthew Adams, CEO and managing partner of Mission Wealth. "We are focused on bringing together the right people, capabilities, and culture to better serve clients over time."
The deals come amid a sustained pace of RIA consolidation in mid-2026. For context, Mariner has been active in the M&A space, as seen in its earlier expansion with niche acquisitions in California and New Mexico. Meanwhile, the broader wealth management industry continues to see significant asset flows, with IRA assets hitting $18 trillion as rollovers drive a 39% share of the U.S. retirement market.
