OVERLAND PARK, Kan., Oct. 12, 2018 — Mariner Wealth Advisors, a national wealth advisory firm, announced today that its affiliated investment management arm, Montage Investments, will soon complete its exit from the firm’s remaining institutional asset managers that manage registered funds, such as mutual funds and closed-end funds, and other products.
Majority-owned subsidiaries Nuance Investments, LLC, and Palmer Square Capital Management LLC are in the process of completing management buyouts. Montage completed the sale of its majority stake in Convergence Investment Partners to Nile Capital. Ardea Partners LLC and Evercore served as exclusive financial advisors to Mariner and Montage on each transaction.
Mariner Wealth Advisors, a nationally recognized wealth advisory firm that was ranked in the top three on the Barron’s list of Top RIA Firms in the country in 2018, 2017 and 20161, will continue to focus on wealth management services, as part of an aggressive five-year growth plan.
“At Mariner Wealth Advisors we have a desire to focus on what we do best,” said Marty Bicknell, chief executive officer and president of Mariner Wealth Advisors. Added Bicknell, “The business has continually evolved to meet client needs, but now we are returning our efforts to where our passion lies and where we envision the opportunity to be today: running a national wealth advisory firm focused on wealth management at the core.”
Montage’s planned exit from the institutional asset management business gained momentum in 2017 when the firm began the process to sell its stake in Tortoise Investments.
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Mariner Wealth Advisors was founded with a mission of serving as an advocate to help individuals and families achieve their long-term financial goals. The firm will continue its commitment to delivering fully customized and holistic wealth planning solutions to clients.
About Mariner Wealth Advisors Mariner Wealth Advisors is a national wealth advisory firm that provides wealth advice focused on meeting client needs. Founded in 2006, Mariner Wealth Advisors has 26 locations in 19 states, and clients in 49 states. The firm’s mission is to help clients and their families navigate their financial future, charting a course to achieve their goals today, tomorrow and for years to come.
Visit http://www.marinerwealthadvisors.com/ for more information.
1Barron’s awarded the 2018 #3 Top 40 RIA Firms ranking to Mariner, LLC d/b/a Mariner Wealth Advisors based on data compiled for Mariner Wealth Advisors and the 2017 #2 and 2016 #1 rankings to Mariner Holdings based upon data compiled for Mariner Holdings’ registered investment adviser subsidiaries. Barron’s has transitioned the name of the 2016 inaugural award of Top Independent Advisory Firms to the Top RIA Firms. Each year since inception, Barron’s has increased the number of firms included in the rankings from 20 (2016) to 30 (2017) to 40 firms (2018). Barron’s publishes these lists based upon a number of criteria and the firms’ filings with the SEC were used to cross-check the data provided to Barron’s. The listing includes the firms’ numbers of clients, employees, advisors, offices and state locations. The award is not indicative of future performance and there is no guarantee of future investment success. Registration of an investment advisor does not imply a certain level of training or skill.
Contact: Heather Valle [email protected] 212-931-6184