With six decades of experience between them, former State Street Bank and JP Morgan Chase executives have launched a new wealth management practice with Mariner Advisory Network.
KinneyMunro Wealth Advisors, founded by Brian Kinney and Bill Munro, includes an associate and is supported by a Mariner team with tax, retirement, trust and estate planning, investment management and insurance expertise.
Kinney spent more than 20 years with State Street, including almost seven as chief investment officer, overseeing $100 billion in global investments before leaving that role in July. Prior to State Street, he spent six years as a trader for Fidelity before moving into the role of vice president of capital markets.
Munro started as a trading assistant at JPMorgan in 1993 and worked his way through the ranks of associate and vice president before becoming an executive director focused on institutional investors, a role he held for more than 16 years.
“We came to realize that the guidance, customer service and skills provided by our own financial advisors were not sufficient or did not meet our expectations,” the duo shares about new website. “We have heard the same thing from many of our friends. This made us believe that we can offer better services that fully match the specific needs of customers. We're very focused on that philosophy – and that's why we launched KinneyMunro.
According to the site, the firm is focused on “delivering a differentiated investment experience – enabled by a customized investment portfolio and further customized through advanced wealth planning strategies, including estate and tax planning, insurance solutions and trust services”.
“Our key differentiator is how we serve customers' needs, spend time with each one to personalize the experience and stay with them to evolve strategies as their goals change over time,” Kinney said in a statement Monday.
“We will use the spirit of our combined investment experience and knowledge to create long-term, tailored investment plans with a focus on cost and liquidity consistent with clients' wealth goals, personal circumstances and risk appetite, Munro added.
KinneyMunro officially launched under Mariner Platform Solutions RIA on Monday. Munro dropped his FINRA license in the move, and the firm has claimed no brokerage affiliation.
Details on AUM or the number of clients currently served were not immediately available.
At the end of 2023, Mariner reported overseeing $122 billion. Earlier this year, the firm announced that it had has signed two agreements to bring over $104 billion in assets and create a dedicated institutional division, between ongoing legal battles.