William Greiner will be elevated to the newly created position of chief investment strategist of Mariner Holdings, the company announced late last week.
In this new role, Greiner — the former chief investment officer of Mariner Wealth Advisors — will drive the economic and capital markets outlook for both Mariner Wealth Advisors and Montage Investments, Mariner Holdings’ asset management subsidiary.
“I am thrilled that Bill Greiner has agreed to elevate his role to the Mariner Holdings level,” said Marty Bicknell, CEO of Mariner Holdings, in a press release. “His capital markets insight over the past several years has been immensely helpful to our clients at Mariner Wealth Advisors, and I look forward to leveraging his background as a renowned economic historian more broadly across the entire firm.”
Adding a chief investment strategist to serve the broader Mariner organization, Bicknell says, means Mariner can provide the advisors under the Montage network with more resources. Mariner, which houses 25 partnered firms, will now be able to provide and distribute guidance, written materials and more to the advisors of those firms.
“If they don’t have the internal resources, they can leverage ours,” Bicknell said in a phone interview with ThinkAdvisor. “Firms that are using our products will be able to have access to Bill’s written materials.”
Bicknell spoke to ThinkAdvisor in April about Mariner’s goal to ease its firms’ day-to-day burden of running a business so the founding advisors can focus on client service.
“That’s exactly the point,” Bicknell said to ThinkAdvisor about this latest move to strengthen the investment strategy across Mariner Holdings. “We want to continue to make sure we’re [supporting] our advisors so they can really spend the majority of their time face-to-face or elbow-to-elbow … with their clients.”
Greiner will also continue to counsel Mariner Wealth Advisors with tactical asset allocation decisions, but with added support from Mark A. Caplinger, who has joined Mariner as chief investment officer of the wealth division. Caplinger, former senior vice president in Summit Strategies Group’s consulting department, brings his experience in developing recommendations on investment policy, portfolio design, and traditional and alternative investment strategies.
“Mark’s experience working directly with institutions, foundations and retirement plan clients to develop customized portfolio recommendations is second to none,” said Bicknell, in a press release. “Mark has consulted for some of the largest pension funds in the country and has an extensive understanding of investment policy design, portfolio structure and manager selection procedures.”
Caplinger’s past experience also includes serving as chief investment officer of the Teachers’ Retirement System of the State of Illinois and as chief investment officer of the Public School Retirement System of Missouri.
These changes to the firm’s leadership team are the latest in a series of initiatives to further Mariner’s goal of providing access to industry-leading solutions to a wide range of clients. Other recent initiatives include the acquisition of Allied Business Group to provide investment banking, valuation advisory and forensic accounting services to business owners; the launch of Mariner Trust Company to provide trust and estate planning services; and the launch of First Point Financial, a firm that provides personalized advice for mass affluent clients.
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