US-based financial services group Rothschild and its parent company Tin Goose have announced the completion of the former’s merger with independent investment advisory firm Sentinus.
The financial terms of the deal were not disclosed.
According to Rothschild, teaming up with Sentinus will complement its enterprising approach to wealth management apart from adding to the company’s existing commitment to delivering hands-on client service.
Under the terms of the transaction, Sentinus’ wealth managers will move to Rothschild’s platform.
The merger will bring the total assets for the combined entity to approximately $5bn, said Rothschild.
Based in Chicago, Rothschild is a full-spectrum, boutique firm which provides both individual and institutional wealth management as well as corporate and non-profit retirement plan management.
The company works with entrepreneurs, family holding companies, high-net-worth families and individuals, foundations or endowments, multi-generational trust accounts, and retirement accounts.
Rothschild chairman and Tin Goose partner Owen Schnaper said: “It is an honour to welcome the Sentinus team to the organisation.
“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.”
Founded in 1946 as Reynolds Financial Group, Sentinus was rebranded itself as an independent registered investment advisor (RIA) in 2012.
Subsequently, the company has been offering non-proprietary products to enable clients’ growth opportunities and enhance their experience through optimised, effective, and hands-on management and service.
Sentinus CEO Phil Johnson said: “The future of financial advice is one in which wealth professionals must be empowered to meet the ever-increasing demand for relationship-driven, personalised service from clients.
“Rothschild has a long legacy in providing its advisors with the strategy and resources needed to grow their practices in a client-centred era. The addition of Sentinus will add to this culture and further our ability to meet our clients’ ever-changing needs.”
Following the deal, Johnson will take over as the president of Rothschild.
