Mariner Wealth Advisors is a prominent wealth management firm offering a wide range of financial services to individuals, families, and businesses. Established in 2006, the firm has grown significantly, emphasizing a client-first approach and integrated financial solutions.
📊 Company Overview
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Founded: 2006
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Headquarters: Overland Park, Kansas
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Assets Under Management (AUM): Over $98 billion
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Number of Advisors: 803
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Presence: Offices in 42 states and Puerto Rico
Mariner Wealth Advisors operates as a privately held, national financial services firm. The company provides its advisors with access to in-house expertise, including tax, estate planning, trust, insurance, investment banking, and valuation services, allowing them to focus more on client needs.
🛠️ Services Offered
Mariner Wealth Advisors offers a comprehensive suite of services tailored to meet diverse financial needs:
1. Wealth Planning
Advisors collaborate with clients on:
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Cash flow and income analysis
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Social Security optimization
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Education savings strategies
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Retirement solutions
2. Investment Management
Dedicated investment professionals work alongside advisors to construct portfolios aligned with clients’ risk tolerance and time frames.
3. Tax Planning and Preparation
Services include:
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Tax compliance
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Multi-state strategies
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Charitable giving management
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State and federal tax return preparation
4. Estate Planning
Tailored estate plans encompass:
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Wills and trusts
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Power of attorney
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Health care directives
5. Trust Services
Establishment of trusts to ensure clients’ wishes for heirs and charitable causes are fulfilled.
6. Insurance Solutions
Recommendations on personal insurance solutions, including life, disability, and long-term care insurance, based on clients’ risk management objectives.
7. Business Services
For businesses, services extend to:
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Retirement plan management
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Executive financial planning
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Tax planning and preparation
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Institutional cash management
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Specialized business services
🏆 Accolades and Recognition
Mariner Wealth Advisors has consistently been recognized for its excellence:
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Barron’s Top RIA Firms:
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2024: #4
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2023: #4
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2022: #5
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2021: #5
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2020: #5
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These rankings are based on factors such as assets managed, technology spending, staff diversity, and succession planning.
🧑💼 Employee Insights
According to Glassdoor reviews:
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Overall Rating: 3.6 out of 5 stars
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Work/Life Balance: 4.3
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Compensation and Benefits: 4.0
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Culture and Values: 3.8
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Diversity and Inclusion: 3.8
Employees appreciate the firm’s culture and flexibility but have noted areas for improvement in management and compensation structures.
⚖️ Legal Considerations
In February 2024, Mariner Wealth Advisors, along with other firms, was named in a proposed class-action lawsuit alleging violations of antitrust laws through “no-poach” agreements. The lawsuit claims these agreements restricted employee recruitment and hiring, potentially depressing wages. The case is ongoing, and Mariner has not publicly commented on the allegations.
📈 Fee Structure
Mariner Wealth Advisors operates on a fee-based model:
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Investment Advisory Fees: Based on a percentage of assets under management (AUM), ranging up to 2.50%. Standard fees range from 1.25% for portfolios under $1 million to 0.60% for those over $10 million.
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Financial Planning Services: Billed on a fixed fee basis, either as an hourly fee or as a percentage of assets, up to 0.25% annually.
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Minimum Fee: $1,875
Clients should be aware that some advisors may also work as brokers or licensed insurance agents, which could pose potential conflicts of interest. However, when acting as advisors, they are legally bound by fiduciary duty to act in the client’s best interest.
🔄 Recent Developments
Mariner Wealth Advisors continues to expand through strategic acquisitions. In February 2023, the firm announced the acquisition of Walker Wealth, a California-based firm specializing in advising medical professionals, adding $301 million in assets under advisement.
✅ Reference Links:
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Mariner Wealth Advisors Official Website – Overview of services and company:
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Mariner’s Business Services:
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Mariner’s Individual Services:
https://www.marinerwealthadvisors.com/our-services/individual
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Barron’s 2024 Top RIA Rankings (Mariner ranked #4):
https://www.barrons.com/advisor/report/top-financial-advisors/rias/2024
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Mariner’s Acquisition of Cardinal Investment Advisors (Jan 2025 Newsroom):
📚 Conclusion
Mariner Wealth Advisors stands out as a comprehensive wealth management firm with a client-centric approach. Its wide array of services, national presence, and consistent industry recognition make it a notable choice for individuals and businesses seeking integrated financial solutions. Potential clients should consider the firm’s fee structure and recent legal matters when making informed decisions.
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