Mariner Independent

CRD#305418
Investment Advisor Firm

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Learn more about Mariner Independent

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Mariner Independent is located at 5700 West 112th Street, Leawood, KS. The firm employs 83 financial advisors to manage client portfolios and provide financial guidance. Mariner Independent is not a registered broker-dealer.

    Mariner Independent oversees $4.3 billion in assets under management across 8,802 accounts, of which 8,026 are discretionary and 776 are non-discretionary. Over the past year, the firm has provided financial planning services to 2,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and pension consulting services. The firm caters to retail investors, high net worth investors, and corporations, with retail investors being the largest client type by accounts. The fee structure at Mariner Independent includes asset-based, hourly, and fixed fees. The firm has 1,011 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, trust company, accountant or accounting firm, insurance company or agency, pension consultant, and commodity pool advisor.

    Mariner Independent is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $4.3 billion

    Number of Advisors

    83

    Disclosures

    No

    Office Location

    5700 West 112Th Street
    Leawood, KS 66211

    Mariner Independent by the Numbers

    Total Assets Under Management

    $4.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    102

    National Average: 64
    Total Number of Accounts

    8,802

    National Average: 375,227
    Average Account Size

    $493.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Mariner Independent provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and pension consulting services. In the past fiscal year, Mariner Independent provided 2500 of its accounts with financial planning services. It is not engaged in selling products or offering services apart from investment advice to its investment advisory clients.

    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 advice usually depend on the type of services provided. Fees billed by Mariner Independent likely include some blend of the following fee structures: asset-based, hourly, or fixed.

    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

    The firm caters to retail investors, high net worth investors, and corporations. Out of its 3 clients, Mariner Independent's biggest client type by number of accounts is high net worth investors, although it also manages money for 1011 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 42.8%
    • Other Individuals - 56.14%
    • Corporations - 1.06%
    • 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 Independent does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Mariner Independent

    Jorge Soriano
    Los Angeles, CA
    Ian Murray
    Ramsey, NJ
    Kristen Caseley
    Brookline, MA
    Kevin Barlow
    Newport Beach, CA
    Christian Hutchins
    Palos Verdes Peninsula, CA
    Madison Trout
    Warrenton, VA
    Ross Kroll
    Manhattan Beach, CA
    Rachel Vega
    Los Angeles, CA
    David Trejo
    Thousand Oaks, CA

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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