Mariner Wealth Advisors Manasquan, LLC (Overland Park)

Name: Mariner Wealth Advisors Manasquan, LLC
Address: 5700 W. 112 Street, Overland Park, KS, 66211
Telephone: 9139045700

Mariner Wealth Advisors Manasquan, LLC is a large advisory firm based in Overland Park. It manages $1.07 billion of regulatory assets for 3,493 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Kansas, and 8 other states.

Mariner Wealth Advisors Manasquan provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 600 clients. On top of advisory services, the firm also engages as certain representatives sell insurance products.

Mariner Wealth Advisors Manasquan: assets under management

The assets under management (AUM) of Mariner Wealth Advisors Manasquan, LLC is $1.07 billion. The firm's AUM has grown by 43% since the beginning of its operation, and $1.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $328.75 million in discretionary accounts and $738.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $290.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $312.32 thousand.

Mariner Wealth Advisors Manasquan has custody of $169 million in cash and securities for 157 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mariner Wealth Advisors Manasquan, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mariner Wealth Advisors Manasquan 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 Manasquan is high net worth individuals with 245 clients and $883.95 million of assets under management. Among the 7 most similar advisory firms, Mariner Wealth Advisors Manasquan has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.07 billion for 599 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 Manasquan doesn't advise any private funds.

Careers at Mariner Wealth Advisors Manasquan, LLC

The company employs 19 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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. Inc. Housen Holding Co. joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cheryl Bicknell	Chief operating officer, chief strategy officer	1 Sep 2013	Other	4906804
Cheryl Renee Vohland	Chief compliance officer	1 Mar 2014	Other	4906804
Llc Mariner Wealth Advisors	Managing member	1 Mar 2014	50% - 75%	140195
Mariner Wealth Advisors	Managing member	1 Mar 2014	50% - 75%	140195
Inc. Housen Financial Group	Member	1 Apr 2014	25% - 50%	121483
Patrick Robert Housen	Chief operating officer	1 Apr 2014	Other	6043247
Christopher Robert Housen	Managing director	1 Apr 2014	Other	2147247
Annie Ricci Taylor	Chief compliance officer	1 Mar 2017	Other	6762632
Katrina Delores Scott	Chief investment officer	1 Jan 2018	Other	4895248
Inc. Housen Holding Co.	Owner	1 Jun 2018	25% - 50%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Robert Housen	Owner	1 Feb 1994	75% - 100%	2147247
Martin Christopher Bicknell	Elected manager of bicknell family holding company	1 Jul 2007	Other	2007121
Llc Bicknell Family Holding Co.	Member	1 Apr 2008	75% - 100%	26-0534255
Martin Christopher Bicknell	Elected manager of bicknell family holding company	1 Apr 2008	Other	2007121
Llc Mariner Holdings	Managing member	1 Sep 2008	50% - 75%	26-2766689
Llc Mariner Wealth Advisors	Managing member	1 Sep 2008	50% - 75%	26-2766689
Llc Bicknell Family Holding Co.	Manager	1 Feb 2015	75% - 100%	26-0534255
Christopher Robert Housen	Owner	1 Jun 2018	75% - 100%	2147247

Based in Overland Park

The principal office where Mariner Wealth Advisors Manasquan, 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 Fort Lauderdale, FL. 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 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at marinerwealthadvisors.com/manasquan.