The latest deals and transactions in and around North American wealth management.

Mariner Wealth Advisors, Hayes Financial
Mariner Wealth Advisors have agreed to buy San Jose, California-based Hayes Financial, a business which has $325 million of assets under advisement.

The deal, which is the eighth such transaction that Mariner has closed this year, establishes the firm’s eleventh office in California.

Hayes Financial, which was founded in 2008 by Zachary Hayes, serves more than 170 clients. It works primarily with high net worth executives and employees in the technology sector, offering cash flow and tax planning, restricted stock and incentive stock advisory, and employer stock management. 

The acquired firm will assume the Mariner Wealth Advisors name when the deal closes on December 16. This will be Mariner Wealth Advisors’ 81st location nationwide.

ECHELON Partners served as the financial advisor to Hayes Financial in the transaction.