Rinet Company, LLC (Boston)

Name: Rinet Company, LLC
Address: 101 Federal Street, Boston, MA, 02110
Telephone: 617-488-2700

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.

Rinet Company: assets under management

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 firm manages $1.7 billion in discretionary accounts and $121.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.13 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.83 million.

Rinet Company has custody of $143.71 thousand in cash and securities for 63 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 30% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in investment and business development companies form 14% of the total invested assets.

Fees & Commissions

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.

What kind of clients Timothy Landon Vaill serves?

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.

Careers at Rinet Company, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard N. Thielen	Chairman and chief executive officer	1 May 1976	Other	4346316
Patrick Brian Maraghy	Executive vice president	1 Jul 1993	Other	4346322
Valerio Iannalfo	Senior vice president	1 Jul 1995	Other	4346323
Mary Ann Rodrigue	Senior vice president	1 Jan 1998	Other	4346884
Inc. Boston Private Financial Holdings	Parent company	1 Oct 1999	75% - 100%	04-297-6299
Timothy Landon Vaill	Director	1 Oct 1999	Other	4345783
Charles Michael Hazard	Director	1 Oct 1999	Other	240834
Kathleen C. Wallace	Vice president, clerk	1 Oct 2001	Other	4466175
Brian Rivotto	President and chief operating officer	1 Jan 2002	Other	4496615
Robert Paul Mccarthy	President, kanon bloch carre	1 Jan 2003	Other	4346871
Gary P. Savage	Managing director - chief compliance officer	1 Jan 2004	Other	4346869
Valerio Iannalfo	Executive vice president	1 Jan 2004	Other	4346323
Ira Gene Rapaport	President - boston private financial advisers	1 Jan 2004	Other	3218098
Kathleen C. Wallace	Managing director	1 Oct 2004	Other	4466175
Joel H. Goober	President boston private financial advisors	1 Dec 2004	Other	4850635
Walter Pressey	Director	1 Jan 2005	Other	4355563
Joseph Henry Cromarty	Director	1 Jan 2005	Other	2351673
Luke S. Corbalis	Managing director	1 Apr 2005	Other	4967045
David Stanley Beckwith	Managing director - chief investment officer	1 Jun 2005	Other	2285065
Brian Rivotto	Managing director - president and ceo	1 Jan 2006	Other	4496615
Llc Rinet Holding Company	Member	1 Sep 2009	75% - 100%	80-0031560
Rebecca Renee Pouliot	Managing director	1 Sep 2009	Other	4750044
Kathleen Marie O'brien	Managing director	1 Sep 2009	Other	5756535
Benjamin George Goldman	Managing director	1 Jan 2018	Other	4583654
Christopher Francis Mahoney	Managing director	1 Jan 2018	Other	4975733

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brian Rivotto	President, ceo, manager, member	1 Aug 2009	Other	4496615
Gary P. Savage	Manager, member	1 Aug 2009	Other	4346869
Patrick Brian Maraghy	Manager, member	1 Aug 2009	Other	4346322
Kathleen C. Wallace	Manager, member	1 Dec 2014	Other	4466175

Based in Boston

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.