Rinvelt & David LLC, a financial firm based in Grand Rapids, Mich., with $275 million in assets under management, has been acquired by Kestra Financial, an independent advisor platform based in Austin, Tex.
Founded by Robert M. Rinvelt and Roger J. David, the firm provides financial planning services to individuals and businesses, including tax, retirement and estate planning, as well as investment and risk management advice.
The move provides a succession plan for Rinvelt & David and continues Kestra’s aggressive growth, says Kestra.
Both companies' founders will remain active with the firm. Terms of the transaction were not announced.