Park Sutton Advisors Represents Miami based Singer Xenos Schecter Sosler in sale to Mariner Wealth Advisors

New York, NY – April 18, 2019 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have represented Singer Xenos Schechter Sosler (“Singer Xenos”), located in Miami, Florida on its announced sale to Mariner Wealth Advisors (“Mariner”).  With over 30 years of investment experience, Singer Xenos has 17 associates and more than $1.5 billion assets under management. The firm will continue to be led by partners Marc Singer, Faith Xenos, Neil Sosler and Jay Schechter and be pivotal in Mariner’s expansion plan in South Florida. Terms of the transaction were not disclosed.

Marc Singer, Founding Partner of Singer Xenos, stated “Our firm was founded on the understanding that success comes from growing opportunities, expanding choices and creating a more promising future. I am confident that the partnership with Mariner will enhance our ability to do all those things for both our clients and our associates.”  Said Faith Xenos, Founding Partner, CIO and COO of Singer Xenos, “Today’s world is an exciting and unpredictable place, and in a period of constant change, our firm’s security, stability and qualifications set us apart.  Partnering with Mariner helps ensure our clients will continue to have that security for years to come.”

“We are incredibly excited about entering this new market,” said Marty Bicknell, CEO and President of Mariner Wealth Advisors. “I believe Singer Xenos is the perfect partner for us in Miami. The team strives to put clients first and shares our focus on providing customized holistic wealth management solutions.”  Last year, Mariner Wealth Advisors announced its national expansion plans with a goal of acquiring several leading regional wealth advisory firms each year along with green-fielding new office locations in targeted markets.  This will be Mariner’s 6th transaction announced year to date .

Said Steven Levitt, Founder and Managing Director of Park Sutton Advisors stated “Having known and worked with Marc, Faith and their team for 15 years, we were highly confident we could find the ideal solution to help foster the next stage of growth at Singer Xenos.  With deep roots and longstanding relationships in South Florida, combined with a robust and marketing-savvy wealth offering, Singer Xenos provides an amazing beachhead in an essential geography for any national RIA.”   Annie Tronoski, Park Sutton Advisors Managing Director added, “Singer Xenos is the second-largest independent wealth firm in South Florida focusing on domestic US clients. This transaction is a perfect example of a national RIA filling in its footprint with an ultra-high quality firm in a key market.  We wish all the best for Singer Xenos and Mariner as they embark on their future together.”

Park Sutton Advisors | Investment Banking Boutique

Park Sutton Advisors is a leading investment banking boutique that specializes in the financial services industry. With over 70 years of aggregate experience, our senior team has worked in many facets of the financial services industry, including investment banking, asset management and mutual funds, consumer finance, insurance, equity research and funds evaluation.