Wealthspire’s business management subsidiary Ground Control Business Management has acquired RSL and Company, adding specialized tax and advisory capabilities for clients in real estate, entertainment and other complex financial situations.
The deal brings a 35-year-old Los Angeles firm into Ground Control’s platform and broadens its ability to provide tax planning and compliance, bookkeeping, bill payment, cash management and estate planning coordination. RSL serves real estate owners and developers, entertainment professionals, small businesses and high-net-worth individuals nationwide.
“Expertise at the level RSL brings is hard to find and even harder to build,” said Chris Bucci, chief executive officer of Ground Control Business Management. “Their team has spent decades navigating the real complexity behind their clients’ financial lives including real estate structures, entertainment income, and business interests. We’re looking forward to what we can offer together."
RSL was founded by Ron Litvak, who will remain in charge of the firm and join Ground Control along with all 15 employees. The business will continue operating from its Los Angeles office.
“We’ve succeeded by doing right by our clients. Ground Control, along with the broader Wealthspire team, operates the same way, and this partnership gives us the resources to keep raising the bar for them," said Litvak, owner and CEO of RSL.
The transaction is the latest addition to Wealthspire’s expanding business management operation, which has been growing through acquisitions to deepen expertise in specialized client segments.
Wealthspire provides wealth management, institutional advisory and business management services to individuals, families, endowments and institutions in the US, Canada and the UK. The firm says it has more than 1,200 employees across over 40 offices and oversees more than $580 billion in assets under management or advisement.
The firm has been boosting its strength in recent months, including the acquisition of a $1.2 billion Indianapolis RIA, a $1.9 billion retirement planning firm, and the launch of a family office unit to tackle multigenerational complexities.
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