Kestra Financial, Inc., has acquired Rinvelt & David, LLC (Rinvelt & David), a personal wealth management firm.
Rinvelt & David, LLC was founded by Robert M. Rinvelt and Roger J. David. Collectively, the team has over 50 years of experience providing comprehensive financial planning services to individuals and businesses, including tax, retirement, and estate planning as well as investment and risk management advice. The team currently manages approximately USD275 million in assets.
The partnership with Kestra Financial solidifies the company’s commitment to providing superior service to our clients and the community while allowing to maintain independence in management and product selection. Not only will Rinvelt & David’s clients continue to benefit from access to Kestra Financial’s technology, support, and services, but its foundational values, vision, and business policies will remain as they have for the last 30 years.
The acquisition is emblematic of Kestra Financial’s mission to empower financial professionals to grow and provide superior client service. Kestra Financial has the scale, next-generation technology, and operational efficiencies we need to deliver the utmost level of service to our clients.
Kestra Financial, Inc. (Kestra Financial) provide independent financial professionals, including traditional and hybrid RIAs, to prosper, grow, and provide superior client service. With a culture rich in reinvention and advisor advocacy, Kestra Financial has developed integrated business management technology that, combined with its personalized consulting services, offers exceptional scale and efficiency.
Headquartered in the “Silicon Hills” of Austin, Texas, Kestra Financial offers an experience as unique as the city in which it operates. The firm supports more than 1,700 independent financial advisors in delivering comprehensive securities and investment advisory services to their clients. Kestra Financial is the parent company of Kestra Investment Services, LLC, member FINRA/SIPC, and also of Kestra Advisory Services, LLC; Kestra Private Wealth Services, LLC; and Kestra Institutional Services, LLC, all federally registered investment advisers.