The relationship-focused firm joins Wealthspire to preserve continuity and expand client support
New York, August 26, 2025 – Wealthspire Advisors LLC, an NFP company and independent registered investment advisor with $31 billion in AUM1, today announced it has entered into an agreement to acquire Marin Financial Advisors, a long-trusted boutique RIA based in Larkspur, California, with more than $380 million in assets under management. The addition reflects Wealthspire’s continued commitment to seeking out like-minded advisors who prioritize longstanding client relationships, thoughtful planning and delivering the highest level of service.
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, ensuring a seamless transition with the same people, service and philosophy, supported by a broader team of professionals.
“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’s 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 expertise 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.
The deal strengthens Wealthspire’s presence in the Northern California market and builds upon existing relationships with the Marin Financial Advisors team. It reflects the firm’s broader strategy to partner with advisors who lead with empathy, guide their clients through all life stages and bring deep care to every relationship.
