Wealthspire Advisors Buys $380M Marin

Wealthspire Advisors LLC, an NFP company and independent registered investment advisor with $31 billion in AUM, has entered into an agreement to acquire Marin Financial Advisors, an RIA based in Larkspur, California, with more than $380 million in AUM.

Led by Principal Colin Drake, Marin Financial Advisors has provided individuals and families with personalized financial guidance since 1987. Drake will continue serving clients alongside Client Service Director Christine Cione.

“From the first conversation, it was clear that Colin’s values align closely with ours,” said Mike LaMena, CEO of Wealthspire Advisors. “He brings a relationship-driven mindset and deep sense of client loyalty that reflect everything we believe in as a firm. We are honored to welcome him, his team, and his clients to Wealthspire.”

“We’ve always shown up for our clients with care, attention, and practical and personal advice,” said Drake. “This transition enables us to keep taking great care of them, while adding more support behind the scenes.”

Drake says his decision to join Wealthspire followed a period of reflection after the passing of Dave Shore, Drake’s business partner and founder of Marin Financial Advisors. “After losing Dave, I knew we needed a partner we could trust to help carry this work forward,” Drake added. “Having worked with the firm’s West Coast team [at predecessor firm Private Ocean] for over a decade, the team members are already like family, and I feel confident that this relationship honors the past while preparing us for the future.”

Through the transaction, Marin clients will gain access to expanded resources and services in trust and estate planning, tax and insurance guidance, and investment research. Wealthspire also offers ongoing educational opportunities, including webinars, quarterly updates, and in-person events.