Captrust Financial Partners has acquired Boston-based Rinet Company, a provider of comprehensive offerings for high-net-worth clients and a suite of family office services.
Rinet focuses on building meaningful relationships with individuals and family customers. The firm brings Captrust over $2.2 billion in assets under management.
This is the second acquisition made by Captrust this year with a family services offering, following the purchase of Covenant Multifamily Offices. Overall, this is the 53rd deal made by Captrust since 2006 and the eighth in 2021.
“When we started exploring the next phase for RINET, we were seeking alignment on three core principles that have been our bedrock for nearly 50 years,” said Brian Rivotto, Rinet managing director and CEO. “These include providing superior client service, independent and conflict-free advice, and a fee-only structure. It became clear very early on in the process that Captrust not only shared these views but had developed the scale to provide a level of client service that is unmatched in the industry.”
Steven M. Levitt and Park Sutton Advisors acted as the exclusive financial advisor to Rinet.