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."
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
