Mariner is the marketing name for the financial services businesses of Mariner Wealth Advisors, LLC and its subsidiaries. Investment advisory services are provided through the brands Mariner Wealth, Mariner Independent, Mariner Institutional, Mariner Ultra, and Mariner Workplace, each of which is a business name of the registered investment advisory entities of Mariner. For additional information about each of the registered investment advisory entities of Mariner, including fees and services, please contact Mariner or refer to each entity’s Form ADV Part 2A, which is available on the Investment Adviser Public Disclosure website. Registration of an investment adviser does not imply a certain level of skill or training.

This commentary is limited to the dissemination of general information pertaining to Mariner Wealth Advisors’ investment advisory services and general economic market conditions. The views expressed are for commentary purposes only and do not take into account any individual personal, financial, or tax considerations. As such, the information contained herein is not intended to be personal legal, investment or tax advice or a solicitation to buy or sell any security or engage in a particular investment strategy. Nothing herein should be relied upon as such, and there is no guarantee that any claims made will come to pass. Any opinions and forecasts contained herein are based on information and sources of information deemed to be reliable, but Mariner Wealth Advisors does not warrant the accuracy of the information that this opinion and forecast is based upon.  You should note that the materials are provided “as is” without any express or implied warranties. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

The impact of COVID-19, and other infectious illness outbreaks that may arise in the future, could adversely affect the economies of many nations or the entire global economy, individual issuers and capital markets in ways that cannot necessarily be foreseen. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty.

Asset allocation is a strategy designed to manage risk but it cannot ensure a profit or protect against loss in a declining market.  

Diversification is a strategy designed to manage risk but it cannot ensure a profit or protect against loss in a declining market.  

The value of investments held by any strategy may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant.

Municipal bonds are debt securities issued by states, cities, counties and other governmental entities to fund day-to-day obligations and to finance capital projects such as building schools, highways or sewer systems. Corporate bonds are debt securities issued by corporations. Companies which issue higher yield bonds typically have an increased risk of defaulting on repayments. Investing in any bond is subject to risks, including, but not limited to, market, interest rate, issuer, credit, inflation, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and a low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost if sold prior to maturity. Amortization/accretion of cost basis for a bond held to maturity will not result in a loss to the client based on the yield locked-in at the time of purchase. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. A strategy concentrating in a single or limited number of states is subject to greater risk of adverse economic conditions and regulatory changes. Diversification does not ensure against loss.

Individuals cannot invest directly in an index. Index returns do not include fees or expenses. Investing in securities involves risk of loss, including loss of principal, that clients should be prepared to bear. Past performance is not indicative of future results.

Some services mentioned are provided by affiliates of MWA and are subject to additional fees. Additional fees may also apply for tax planning and preparation services. A conflict of interest exists to the extent that we recommend that clients invest in private funds managed by us or our affiliates. These managers and products charge fees in addition to the fees charged by the Firm.

Options trading involves a significant degree of risk and the risk of loss in trading options can be substantial. Clients and prospective clients should carefully consider whether such trading is suitable for them in light of their financial condition and individual risk tolerances. The high degree of leverage that is often obtainable in options trading can work against investors, as well as for them. More information on the risks of buying and selling options contracts can be found on the CBOE’s website at www.cboe.com.

This commentary is limited to the dissemination of general information pertaining to estate planning and tax information and should not be construed as legal or tax advice.  MWA does not provide legal advice. Please consult an attorney in your state to determine any legal requirements specific to your situation. Certain state laws that may be applicable to your situation may have an impact on the applicability, accuracy, or completeness of the information in this presentation. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on tax illustrations used in this presentation.

CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”).  The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP® certification in the United States.

For panel discussions: The opinions are based on information and sources of information deemed to be reliable, but Mariner Wealth Advisors does not warrant the accuracy of the information. The guests today are not affiliated with Mariner Wealth Advisors and their opinions expressed are their own.

Certain MWA representatives are licensed insurance agents and are compensated for the sale of insurance-related products through an affiliated insurance agency.

Because the administration of an HSA is a taxpayer responsibility, you are strongly encouraged to consult your tax advisor before opening an HSA. You are also encouraged to review information available from the Internal Revenue Service (IRS) for taxpayers, which can be found on the IRS website at IRS.gov.

Mariner Wealth Advisors (“MWA”) does not provide all services included on this website. Some services are provided by affiliates and are subject to additional fees.

Roth IRA Conversions are complex and treatment depends on the type of IRA that is being converted to a Roth IRA. The views expressed regarding Roth Conversions are for commentary purposes only and do not take into account any individual personal, financial, or tax considerations. It is not intended to be a solicitation to buy or sell or engage in a particular investment strategy. Before initiating a Roth IRA Conversion, please consult with a financial or tax professional and ensure you consider all your available options, including applicable taxes, fees and features.If you convert a Traditional IRA to a Roth IRA, the amount of the conversion will be treated as a distribution for income tax purposes and is includible in your gross income (excluding any nondeductible contributions). Although the conversion amount generally is included in income, the 10% early distribution penalty tax will not apply to these conversions, regardless of whether you qualify for any exceptions to the 10% early distribution penalty tax. If you are required to take a required minimum distribution (RMD) for the year, you must remove your RMD before converting to a Roth IRA.A distribution from a Roth IRA is tax free and penalty free, provided the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase or death.

ESG: The Strategy’s criteria may include securities of certain issuers for nonfinancial reasons, or based on based on environmental, social and corporate governance criteria, and therefore the client’s account or strategy may forgo some market opportunities available to portfolios that don’t use the same/similar criteria. Stocks of companies with ESG practices may shift into and out of favor with stock market investors depending on market and economic conditions, and the client’s or strategy’s performance may at times be better or worse than the performance of accounts or strategies that do not use the same/similar criteria.

The information provided is limited to the dissemination of general information pertaining to services provided by Mariner Capital Advisors, LLC, an affiliate of Mariner Wealth Advisors (or Mariner Platform Solutions – depending on who it is for). The views expressed are for informational purposes only and do not take into account any individual personal, financial or tax considerations. As such, the information contained herein is not intended to be personal legal, investment or tax advice. Nothing herein should be relied upon as such and there is no guarantee that any claims made will come to pass. Clients who determine to engage Mariner Capital Advisors, LLC for services will be required to enter into an agreement with Mariner Capital Advisors, LLC and will be subject to an additional fee.

The impact of COVID-19, and other infectious illness outbreaks that may arise in the future, could adversely affect the economies of many nations or the entire global economy, individual issuers and capital markets in ways that cannot necessarily be foreseen. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty.

Investing involves risk and the potential to lose principal. Risks of the REITs are like those associated with direct ownership of the real estate, such as changes in real estate values and property taxes, interest rates, cash flow of underlying real estate assets, supply and demand, and the management skill and credit worthiness of the issuer. Before investing in an ETF, you should read both its prospectus which provide detailed information on the ETF’s investment objective, principal investment strategies, risks, costs, and historical performance. You can find prospectuses on the websites of the financial firms that sponsor a particular ETF, as well as through your adviser. Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. ETFs are subject to market volatility and the risks of their underlying securities, which may include the risks associated with investing in smaller companies, international securities, commodities, fixed income, and more. An ETF may trade at a premium or discount to its net asset value (NAV).