Mariner Platform Solutions

CRD#305418
Investment Advisor Firm

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Overview

Mariner Platform Solutions is a financial advisory company that has its headquarters in Leawood, Kansas. The firm controls $3.1 billion in assets under management across 6,916 customer accounts, making it one of the largest investment advisory firms in the United States by assets under management (AUM). Mariner Platform Solutions has an average-sized team, including 75 financial advisors. Mariner Platform Solutions is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as options, bonds and stocks.

Mariner Platform Solutions manages more than half of the firm's client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell decisions for the client's account without needing client permission. The firm also administers 529 non-discretionary accounts totaling $191.8 million in assets. The company administers an average of $442,159 for every client account. An average financial advisor at Mariner Platform Solutions manages about 92 client accounts.

Mariner Platform Solutions's headquarters is at 5700 West 112Th Street, Leawood, Kansas 66211. It is allowed to serve clients across 51 U.S. states and territories.

Assets Under Management

$3.1 billion

Number of Advisors

75

Disclosures

No

Office Location

5700 West 112Th Street
Leawood, KS 66211

Mariner Platform Solutions by the Numbers

Total Assets Under Management

$3.1 billion

National Average: $8.6 billion
Total Number of Employees

75

National Average: 64
Total Number of Accounts

6,916

National Average: 375,227
Average Account Size

$442.2 thousand

National Average: $23.0 thousand
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Products and Services

Mariner Platform Solutions provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the last financial year, the company provided financial planning services to 2000 of its clients. The firm is not engaged in selling products or offering services apart from investment advice to its investment advisory customers. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, trust company, accountant or accounting firm, insurance company or agency, pension consultant and commodity pool advisor.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees for financial management are based on which service is provided. Fee types charged by Mariner Platform Solutions can be comprised of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It works with retail investors, high net worth investors and corporations. Out of its 6,916 customers, Mariner Platform Solutions's biggest client type is retail investors, but it also serves 672 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 36.5%
  • Other Individuals - 62.79%
  • Corporations - 0.71%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Mariner Platform Solutions does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Mariner Platform Solutions

Branch Lawson
Athens, GA
Chadwick Canine
Wimberley, TX
Megan Logee
East Greenwich, RI
Omar Morillo
Hollywood, FL
Kristen Caseley
Brookline, MA
Richard Hansen
Calabasas, CA
Rehan Chaudhry
Valley Village, CA
Brandon Berman
Agoura Hills, CA
Ian Murray
Ramsey, NJ

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