Mariner Wealth Advisors Cincinnati, LLC (Cincinnati)

Mariner Wealth Advisors Cincinnati 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 educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mariner Wealth Advisors Cincinnati: assets under management

The assets under management (AUM) of Mariner Wealth Advisors Cincinnati, LLC is $2.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $1.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $825.39 thousand each.

Mariner Wealth Advisors Cincinnati has custody of $386.72 million in cash and securities for 126 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in investment grade corporate bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mariner Wealth Advisors Cincinnati, LLC for their services and products based on a percentage of assets under management. 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 Cincinnati 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 Cincinnati is high net worth individuals with 647 clients and $2.37 billion of assets under management. Among the 12 most similar advisory firms, Mariner Wealth Advisors Cincinnati has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.81 billion for 1,088 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Mariner Wealth Advisors Cincinnati doesn't advise any private funds.

Careers at Mariner Wealth Advisors Cincinnati, LLC

The company employs 37 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 16 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.

John Jeffrey Krumpelman has served as the Chief Investment Officer since 1 Jul 2016. 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 3 indirect owners.

Based in Cincinnati

The principal office where Mariner Wealth Advisors Cincinnati, LLC performs its advisory services is located at 312 Walnut Street, Cincinnati, OH 45202 The mailing address of the firm is 5700 W. 112 Th Street, Overland Park, KS 66211. An additional office of the firm is in Indianapolis, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-421-3100 or by fax 513-421-5948. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at marinerwealthadvisors.com/.

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