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Marty Bicknell takes a machete to Montage, Mariner Holdings and FirstPoint and carves out a $25-billion RIA and near $1 billion of capital

The Mariner Wealth CEO made a massive contrarian bet in 2009 on asset managers, cashed out fully this fall -- and knows just where he's headed

Author By Lisa Shidler October 18, 2018 at 10:44 PM
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Marty Bicknell: We’ve made the conscious decision to exit the asset management business.

Sebastian Giovanardi

Sebastian Giovanardi

October 19, 2018 — 1:31 AM
---Great article, and yes hard not to like Marty. Pulled a few quotes below from another worthwhile read on Bicknell in KC Biz journal. No doubt he has a real vision, not to mention plenty of capital, and a formula to succeed in this industry looking out over the next decade. Will be fun to watch unfold--- <a href="https://www.bizjournals.com/kansascity/news/2018/10/12/exclusive-mariner-holdings-sells-asset-management.html" rel="nofollow">https://www.bizjournals.com/kansascity/news/2018/10/12/exclusive-mariner-holdings-sells-asset-management.html</a> "Advisers are aging, and we've been very focused on bringing youth and talent into Mariner," Bicknell said. "Think about how 30-year-olds would prefer to work with people their own age, so we need to have those peers available. We're going to use all this capital we're generating to go out and attract that talent and develop them to be our advisers into the future." Because Mariner seeks a youth movement, Bicknell said he's not interested in acquiring just to gain assets. He wants talent. And there are a lot of firms out there led by someone with talented people they've been making promises to, but they won't get out of the way. Those advisers are looking for a better home, an opportunity that leads them somewhere. We're looking for those people."

Mentioned in this article:

Mariner Wealth Advisors
RIA Welcoming Breakaways, RIA Seeking to Hire Advisors, Advisory Firm
Top Executive: Marty Bicknell

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