Newport Advisory, LLC

Founded in 1995 in Newport Beach, California, Newport Advisory, LLC provides comprehensive wealth advisory services. This firm was recently acquired by Mariner Wealth Advisors, LLC in December 2024, enhancing its operational capabilities. The firm has engaged in a single deal to date, with its most recent transaction occurring on December 2, 2024. In December 2024, Mariner Wealth Advisors, LLC, a portfolio company of Neuberger Berman and Leonard Green & Partners, acquired Newport Advisory, LLC.

Mariner, the parent company of Newport Advisory, offers a comprehensive suite of wealth advisory solutions designed to address a range of financial needs. Their core product offerings include wealth planning, investment management, tax planning and preparation, estate planning, and trust services. These solutions facilitate a holistic approach to client financial management, ensuring alignment with clients' goals and values. The firm serves individuals, families, and businesses across multiple sectors, providing tailored advisory services responsive to their unique situations.

Mariner operates nationwide in the United States, catering to clients from various markets and regions seeking personalized financial strategies and support. Mariner generates revenue through various channels, primarily centered around advisory fees for its wealth management services. The firm engages in structuring client relationships involving long-term partnerships, where clients receive ongoing financial guidance and services. Revenue is derived from management fees calculated as a percentage of assets under management, alongside fees for specific services such as tax planning and estate management.

Pricing plans reflect the scope of services provided, ensuring value commensurate with expertise and resources, allowing for a consistent revenue stream while building lasting relationships with a clientele ranging from high-net-worth individuals to institutional entities. Following its acquisition on December 2, 2024, Mariner Wealth Advisors, LLC plans to strengthen its financial services and enhance its presence in California, USA. Upcoming strategies involve expanding service offerings and potentially new products designed to target diverse client needs in the wealth advisory sector. The acquisition is expected to bolster operational capabilities and market reach, aligning with Mariner's overall growth strategy.