Buckingham Wealth Partners said it will acquire RNP Advisory Services, a Morgan Hill, Calif-based registered investment adviser managing $424 million in assets.
RNP, which is joining Buckingham’s Strategic Wealth business, was founded by Carl Reinhardt, who has had long-time ties to Buckingham. His son, Erich, currently leads an advisory team at Buckingham Strategic Wealth.
In addition, Carl Reinhardt was a co-founder of Reinhardt Werba Bowen, which later became Loring Ward and merged with Buckingham in 2018. RNP was a client of Loring Ward and continued as a client of Buckingham Strategic Partners, which provides support services to RIAs, after the merger.
RNP’s three advisory professionals and two staff members will become part of the Buckingham team upon completion of the transaction, which is expected to close before the end of June. Upon closing, Carl Reinhardt and his wife, Gerrie, plan to retire.
[More: Kitces switches advisory firm]
Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands
The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”
But the Amazon executive chair seems to want it both ways, arguing that taxing the ultra-wealthy won't help struggling Americans.
Northern Trust planning leader sees the bill extending qualified charitable distributions to employer plans as a potential positive step — but advisors shouldn't overlook bigger holes in the strategy.
Markets will always create reasons for investors to worry. The advisor’s role is not to predict uncertainty, but to help clients understand why volatility should not derail a well-built financial plan.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
