Mariner Wealth Advisors Oklahoma, LLC (Overland Park)

Mariner Wealth Advisors Oklahoma provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and family office services, divorce consulting services. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mariner Wealth Advisors Oklahoma: assets under management

The assets under management (AUM) of Mariner Wealth Advisors Oklahoma, LLC is $2.38 billion. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.32 billion in discretionary accounts and $1.06 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $639.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $105.67 million.

Mariner Wealth Advisors Oklahoma has custody of $392.28 million in cash and securities for 211 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 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mariner Wealth Advisors Oklahoma, 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 Oklahoma serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mariner Wealth Advisors Oklahoma is pension and profit sharing plans with 12 clients and $1.24 billion of assets under management. Among the 8 most similar advisory firms, Mariner Wealth Advisors Oklahoma has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $2.38 billion for 634 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 Oklahoma doesn't advise any private funds.

Careers at Mariner Wealth Advisors Oklahoma, LLC

The company employs 28 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Katrina Delores Scott has served as the Chief Investment Officer since 1 Jan 2018. Anne Jenelle Dorian joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Overland Park

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

You can reach the main office by calling the phone number 913-904-5700 or by fax 913-904-5701. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at marinerwealthadvisors.com/.

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