Mariner Wealth Advisors made a big splash in a tight M&A market, taking a majority interest in Vantage Investment Advisors, a $1 billion RIA based in State College, Pa.

The acquisition lifts Mariner's assets under management to more than $12 billion and expands the Leawood, Kan.-based firm's footprint in the northeast, where it has made four major acquisitions in the last three years.

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