Addition of quant shop broadens Mariner's investment-management offerings. Leawood, Kan.-based Mariner Wealth Advisors has acquired Milwaukee-based asset manager Quantitative Investment Solutions in a bid to expand its proprietary wealth-management capabilities.

As a result of the acquisition, Quantitative Investment Solutions will change its name to Mariner Quantitative Solutions (MQS).

An eye out

"Mariner's goal is to provide the highest standard of wealth and money management capabilities to our clients," says Mariner's CIO Gary Henson.

Coupled with the appointment in October 2008 of former American Century fund manager Scott Moore to establish and lead the firm's value-investing team, the addition of MQS' quantitative capabilities "greatly augment Mariner's wealth management services," adds Henson.

Mariner's CEO Martin Bicknell agrees. "MQS enhances not only our equity disciplines but our intellectual capital as well," he says.

The financial terms of the deal weren't disclosed.

Mariner says it's keeping an eye out for additional acquisitions.

Mariner Wealth Advisors is a division of Mariner Holdings, a Kansas City, Kan.-based investment- and wealth-management firm. It has about $865 million in assets under management according to its most recent ADV filing with the SEC. -FWR

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