Wealthspire Advisors, a US-based registered investment advisor (RIA) with $31bn in assets under management (AUM), has acquired California-based Marin Financial Advisors.
Marin Financial Advisors has over $380m AUM and is based in Larkspur, California. Its principal Colin Drake will remain with the firm after the acquisition alongside client service director Christine Cione.
The deal broadens national firm Wealthspire’s presence in Northern California. It currently has locations in San Fransisco and San Rafael in the state.
It is the latest acquisition in a broader trend of RIAs being bought by larger consolidators, often backed by private equity investors. Wealthspire Advisors is owned by AON, which bought its parent company NFP in April 2024.
