Mariner Secures Minority Growth Investment from Neuberger Berman Capital Solutions

Mariner, a leading national financial services firm, has announced a strategic partnership with Neuberger Berman Capital Solutions (NB Capital Solutions) through a significant minority growth investment. This move marks a pivotal moment in Mariner's expansion strategy and underscores the firm's commitment to scaling its operations and enhancing its wealth advisory solutions.

The investment from NB Capital Solutions comes as Mariner continues to solidify its position in the wealth management industry. With over $245 billion in combined assets under management and advisement, Mariner aims to grow its national advisor base to 5,000 advisors through both organic growth and strategic acquisitions. The infusion of capital is expected to accelerate these efforts while maintaining Mariner's client-first approach.

Marty Bicknell, CEO and President of Mariner, emphasized the firm's dedication to building the "fiduciary service provider of the future." The partnership with NB Capital Solutions, along with the continued involvement of existing investor Leonard Green & Partners (LGP), is poised to drive Mariner's vision of a holistic financial services firm capable of positively impacting many lives.

This strategic investment highlights the growing trend of private equity interest in the wealth management sector, recognizing the potential for growth and consolidation in the industry. For Mariner, the partnership provides not only financial backing but also strategic support to execute its ambitious growth plans without compromising operational control or client service standards.

The implications of this investment extend beyond Mariner itself. As the firm expands its reach and capabilities, it could potentially reshape the competitive landscape of the wealth management industry. The focus on scaling operations and accelerating inorganic growth suggests a future of increased consolidation and potentially improved service offerings for clients across the sector.

For investors and industry observers, this development signals confidence in the wealth management space and the potential for innovative, client-focused firms to attract significant capital. It also underscores the importance of strategic partnerships in driving growth and enhancing service capabilities in an increasingly competitive market.

As Mariner moves forward with its growth plans, the industry will be watching closely to see how this investment translates into expanded services, technological advancements, and potential market share gains. The success of this partnership could set a precedent for similar investments in the financial services sector, potentially spurring further innovation and consolidation in the wealth management industry.