Rinet Company, LLC is a large advisory firm based in Boston. It manages $1.82 billion of regulatory assets for 1,545 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.
Rinet Company provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Rinet Company, LLC is $1.82 billion. The firm's AUM has grown by 209% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Rinet Company, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Timothy Landon Vaill is high net worth individuals with 138 clients and $1.48 billion of assets under management. Among the 11 most similar advisory firms, Rinet Company has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.82 billion for 162 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Rinet Company also advises several private funds. Namely, three real estate funds and three private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $250,000.
The company employs 27 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Timothy Landon Vaill has been acting as President since 1 Oct 1999. Benjamin George Goldman joined the executive team most recently as the Managing Director.
The principal office where Rinet Company, LLC performs its advisory services is located at 101 Federal Street, Boston, MA 02110, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-488-2700 or by fax 617-423-3206. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at rinetco.com.