Mariner Wealth Advisors St. Louis, LLC (Overland Park)


Mariner Wealth Advisors St. Louis, LLC is a large advisory firm based in Overland Park. It manages $615.49 million of regulatory assets for 1,694 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arkansas, California, Colorado, and 9 other states.

Mariner Wealth Advisors St. Louis provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 250 clients. On top of advisory services, the firm also engages as certain representatives sell insurance products.

Mariner Wealth Advisors St. Louis: assets under management

The assets under management (AUM) of Mariner Wealth Advisors St. Louis, LLC is $615.49 million. The firm's AUM has grown by 59% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $615.36 million in discretionary accounts and $132.74 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $132.74 thousand.
Mariner Wealth Advisors St. Louis has custody of $63.12 million in cash and securities for 51 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mariner Wealth Advisors St. Louis, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mariner Wealth Advisors St. Louis serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mariner Wealth Advisors St. Louis is high net worth individuals with 186 clients and $430.92 million of assets under management. Among the 9 most similar advisory firms, Mariner Wealth Advisors St. Louis has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $563.85 million for 487 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Mariner Wealth Advisors St. Louis doesn't advise any private funds.

Careers at Mariner Wealth Advisors St. Louis, LLC

The company employs 14 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mark Andrew Caplinger has served as the Chief Investment Officer since 1 Mar 2015 and Martin Christopher Bicknell is the Chief Executive Officer of Mariner Wealth Advisors St. Louis, LLC family office. Anne Jenelle Dorian joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Cheryl Bicknell Chief operating officer, chief strategy officer 1 Jan 2010 Other 4906804
Karen Leigh Sandnes Vice president of operations 1 Jul 2012 Other 4883814
Llc Mariner Wealth Advisors Managing member 1 Mar 2015 75% - 100% 140195
Cheryl Renee Vohland Chief compliance officer 1 Mar 2015 Other 4906804
Mark Andrew Caplinger Chief investment officer 1 Mar 2015 Other 5954000
Martin Christopher Bicknell Chief executive officer 1 Mar 2015 Other 2007121
Karen Leigh Sandnes Operations manager 1 Apr 2015 Other 4883814
Betsy E Dow Member 1 May 2015 Other 1284572
Patrick Joseph Howley Member 1 May 2015 Other 1087721
Matthew Douglas Fisher Member 1 May 2015 Other 4066406
2017 Howley Family Revocable Trust Dated August 25 Member 1 Sep 2017 Other xxx-xx-xxxx
Katrina Delores Scott Chief investment officer 1 Jan 2018 Other 4895248
Anne Jenelle Dorian Chief compliance officer 1 Mar 2018 Other 5736231

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Martin Christopher Bicknell Elected manager 1 Jul 2007 Other 2007121
Llc Bicknell Family Holding Co. Member 1 Apr 2008 75% - 100% 26-0534255
Llc Mariner Holdings Managing member 1 Sep 2008 75% - 100% 26-2766689
Llc Bicknell Family Holding Co. Manager 1 Feb 2015 75% - 100% 26-0534255
Patrick Joseph Howley Co-trustee 1 Aug 2017 Other 1087721
Reginia Marie Howley Co-trustee 1 Aug 2017 Other 2027546

Based in Overland Park

The principal office where Mariner Wealth Advisors St. Louis, LLC performs its advisory services is located at 5700 W. 112 Street, Overland Park, KS 66211, which is also the mailing address of the firm. An additional office of the firm is in St. Louis, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 9139045700 or by fax 9139045701. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at marinerwealthadvisors.com/.