RIA Mariner Wealth Advisors says asset manager Neuberger Berman has made a large minority investment in the firm.
Neuberger Berman Capital Solutions and funds managed by Neuberger Berman Private Markets join current investor Leonard Green & Partners, a private equity firm that bought a minority stake of Mariner in 2021. Details of the transaction were not made public.
Mariner, based in Overland Park, Kansas, "is fully committed to building the fiduciary service provider of the future," said CEO and President Marty Bicknell in a statement.
"With this investment and continued partnership, we are confident in our ability to reach new heights in both client service and business expansion as we continue to build a truly holistic financial services firm rooted in the vision of positively impacting the lives of many," Bicknell added.
Mariner and its affiliated entities work with over $245 billion in assets under management and advisement, according to the firm, which aims to grow its advisor base to 5,000 advisors through strategic alliances, recruiting, referral partnerships and acquisitions.
