Mariner Investment Group, LLC

• A percentage of assets under your management
• Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated August 28, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$176,308,128,651 as of October 2026, filing dated August 28, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for investment companies (and business development companies)
• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients

Also doing business as

"BRIGHT MEADOW" INCLUDING BRIGHT MEADOW CAPITAL AGENCY, LLC, "BRIGHT MEADOW" INCLUDING BRIGHT MEADOW CAPITAL, LLC, "CICERO" INCLUDING MARINER CICERO GP, LLC, "CONCORDIA" AND "CONCORDIA G10" INCLUDING CONCORDIA G10 STRATEGIES GP LLC, "CONCORDIA" AND "CONCORDIA MUNI" INCLUDING CONCORDIA MUNICIPAL STRATEGIES GP LLC, "GLEN OAKS" INCLUDING MARINER GLEN OAKS GP, LLC, BOWPORT, MARINER FRONTIER GP, LLC, MARINER GP, LLC, OXUS, PECONIC BAY, SILVERMINE

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2003 (23 years)

Employees

Total: 176. Performing investment advisory functions: 89.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

J.P. Morgan Securities LLCSG Americas Securities, LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

5 other offices, as of the September 2026 filing

Columbia, MDLondonPurchase, NYRowayton, CTSummit, NJ

States registered or notice-filed

4 states or jurisdictions

CTMDNJNY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $188,025,970,411 in the October 2021 data and $176,308,128,651 in the October 2026 data, down 6%.

Total employees: 109 in October 2021 and 176 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. September 2026
   • Employees performing advisory functions went from 91 to 89.
   • Regulatory assets under management went from $149,623,092,189 to $176,308,128,651 (+18%).
   • Added an office in Purchase, NY.
   • No longer lists an office in Harrison, NY.
2. April 2026
   • No longer lists the business name Galton Capital Group IV, LLC.
   • Employees performing advisory functions went from 74 to 91.
   • Regulatory assets under management went from $119,844,184,594 to $149,623,092,189 (+25%).
   • Changed its office addresses in Summit, NJ.
   • Added an office in Harrison, NY.
   • Added an office in London.
   • No longer lists an office in New York, NY.
   • Updated its list of owners and control persons (Schedule A).
3. January 2026
   • No longer registered or notice-filed in NC.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.