Mariner
Assets Under Management
$2.4B
Number of Clients
3,242
Number of Advisors
6
Average Client AUM
$726K
AUM per Advisor
$392.1M
Compensation
Fee-Only (AUM)
About This Firm
Baystate Wealth Management (BWM), doing business as Mariner, provides fee-based discretionary and non-discretionary investment supervisory services and portfolio management. They primarily serve high-net-worth individuals, corporate pensions, profit-sharing plans, closely held and family businesses, corporations, trusts, foundations, and athletes. BWM offers diversified portfolio strategies ranging from conservative to aggressive, consisting of equities, fixed income, and alternative investments. BWM also provides services on a wrap fee basis.
Fee Structure
BWM has two fee structures: "Advisory Fee One" (wrap fee, includes commissions) and "Advisory Fee Plus" (asset management fee plus separate commissions). The Program Fees may not exceed 1.75% of assets under management. The total management fee varies depending on factors like assets invested, complexity, and servicing needs. Similar clients could pay different fees. The management fees are divided between BWM, MMLIS, and the IAR. The IAR receives a separate fee determined by MMLIS. BWM receives any residual fee not paid to the IAR and MMLIS.
Areas of Practice
Location
5700 West 112th Street, Suite 500, Overland Park,, KS, 66211