People Moves

US Firm Enters Expansion Mode; Seeks To Add 160 In Six Months

Eliane Chavagnon Editor Americas 29 October 2014

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US-based Mariner Holdings, the parent company of Mariner Wealth Advisors and Montage Investments, plans to hire around 60 professionals on top of adding over 100 advisors and business development consultants over the next six months.

US-based Mariner Holdings, the parent company of Mariner Wealth Advisors and Montage Investments, plans to hire around 60 professionals on top of adding over 100 advisors and business development consultants over the next six months.

Job openings are located throughout the US and include positions at Mariner Holdings, Mariner Wealth Advisors, Montage Investments and other affiliates.

The need to hire has been driven by the firm's recent growth, it said, having this year taken assets under management from $27 billion to $35 billion at end-September, while simultaneously making around 100 hires.

In April, for example, Mariner Wealth Advisors acquired a majority interest in Manasquan, NJ-based Housen Financial Group, a wealth management firm with $817 million in assets under management. The move took its AuM to $9.5 billion – of which $2.4 billion is in the Northeast – while also increasing Mariner Holdings’ AuM to $30 billion.

Other growth initiatives include: the launch of FirstPoint Financial, which provides personalized financial advice with no minimum asset requirements; the launch of Mariner Consulting to provide tax advisory services; the launch of Mariner Retirement Advisors to provide 401(k) advisory services to plan sponsors; the acquisition of Allied Business Group to provide investment banking, valuation advisory and forensic accounting services for business owners and their advisors; the launch of Mariner Trust Company to provide trust and estate planning solutions; and the acquisition of NYC-based RR Advisory Group.

Led by chief executive Martin Bicknell, Mariner Holdings is an independent financial services firm focused on wealth and asset management through its two subsidiaries: Mariner Wealth Advisors and Montage Investments.

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