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, created 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 a vice president role in capital markets.
Munro began 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 capabilities offered by our own financial advisors weren’t sufficient or meeting our expectations,” the duo shares on their new website. “We heard the same from many of our friends. That led us to believe we could provide better services that fully align with the specific needs of clients. We are keenly focused on that philosophy—and that’s why we launched KinneyMunro.”
According to the site, the firm is focused on “delivering a differentiated investing experience—powered by a personalized investment portfolio and further customized via advanced wealth planning strategies, including estate and tax planning, insurance solutions and trust services.”
“Our key differentiator is how we serve the needs of clients, take the time with each to personalize the experience and stay close to them to evolve strategies as their goals change over time,” Kinney said in a statement Monday.
“We will use the breath of our combined investment experience and insights to create long-term, tailored investment plans with a focus on cost and liquidity aligned with clients’ wealth goals, personal circumstances, and how they consider risk,” added Munro.
KinneyMunro officially launched under the 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 made immediately available.
At the end of 2023, Mariner reported overseeing $122 billion. Early this year, the firm announced it had penned two deals to bring over $104 billion in assets and create a dedicated institutional division, amid ongoing legal battles.