Chicago-based boutique wealth management firm Rothschild has completed a merger with RIA firm Sentinus, bringing together two long-established businesses with a combined $5 billion in assets under management.
Rothschild is the elder, with 115 years in business, while Sentinus adds another 77 years of experience to the partnership, having been founded by World War II veteran Richard A. Reynolds as Reynolds Financial Group before rebranding and becoming an RIA in 2012.
Sentinus CEO Phil Johnson will serve as president of Rothschild, while his firm’s team of advisors will transition to Rothschild’s platform.
Johnson says it’s important that today’s financial advisors can meet growing client demands including relationship-driven, personalized service. “Rothschild has a long legacy in providing its advisors with the strategy and resources needed to grow their practices in a client-centered era. The addition of Sentinus will add to this culture and further our ability to meet our clients’ ever-changing needs.”
For Rothschild, this latest acquisition will certainly not be the last as it looks to the next phase of growth in its long history as a wealth and retirement plan manager.
The employee-owned firm works with high-net-worth families and individuals; entrepreneurs; family holding companies, foundations/endowments; retirement accounts; and multi-generational trust accounts.
“It is an honor to welcome the Sentinus team to the organization,” said Owen Schnaper, chairman of Rothschild and partner at Tin Goose Holdings, the firm’s parent company. “We look forward to working with the Sentinus team to attract like-minded financial advisors, clients and partners, expanding our footprint while enabling us to provide services uniquely tailored to our clients’ needs."
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
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