According to Mariner Wealth Management, bond yields stabilizing around 4.3% may dampen equity risk premia, encouraging selective rotation into defensive sectors. Recent economic leading indicators inform their overweight stance in utilities. According to the complaint, the Justice Department investigated Mariner for breaking antitrust rules, with the firm eventually signing a non-prosecution agreement in 2023 to avoid charges. The report said wealthtech witnessed more than 35 transactions in the quarter. Mariner Wealth Management has been closely tracking the S&P 500’s recent pullback from its May highs, noting that cyclical sectors like industrials and financials may offer upside as inflation data eases. Portfolio analysts there expect increased volatility near the Fed’s June policy meeting.