Back

Free Site registration

Sign up today and gain full instant access to member-only content

  • Earn CE Credits

  • Access our Discussion Boards

  • E-Newsletters - Retirement Planning, Wealth Advisor

  • Attend Coaching Sessions and Web Seminars, Podcasts and more

Rehmann Financial Moves Assets to Royal Alliance

March 10, 2010
¦
Advertisement

Rehmann Financial, the Michigan-based wealth management, CPA and business consulting firm, announced Wednesday it is moving custody of its $2 billion-plus in assets under management to broker-dealer Royal Alliance.

“We chose to partner with Royal Alliance for a number of reasons, including the fact that their technology will allow us to work with multiple custodians, giving our investment professionals an advanced capability to provide integrated services to high net worth clients,” said Fred Schaard, Rehmann's president. “These abilities are crucial in today’s competitive marketplace.”

Rehmann plans to maintain its own registered investment advisor.

Rehmann, which was established in 1941, is the 40th largest CPA, business consulting and wealth management firm nationally with more than 600 associates in 16 offices. Its subsidiaries are Rehmann Robson (accountancy), Rehmann Consulting (strategic planning, mergers and acquisitions, succession planning), Rehmann Financial (wealth management), and Kerby, Bailey and Associates (security and investigative services.)

Rehmann is a member of Nexia International, a consultancy network with resources in 100 countries.

Marion Asnes became the editor of Financial Planning magazine in 2005. Financial Planning is the leading professional magazine for independent financial planners and has a circulation of 115,000. The topics covered on its pages range from industry news and trends to sophisticated discussions of portfolio management, estate planning and philanthropy. Asnes is the first female editor in chief of Financial Planning in the magazine's 38-year history.

Before joining Financial Planning, Asnes was a senior editor at Money, participating in the magazine’s coverage of personal finance, retirement, investment and health care issues. Her areas of expertise included retirement and 401(k) planning, asset allocation, estate planning and the particular financial challenges faced by women. In addition to her regular editorial duties at Money, Asnes co-edited Money for Women, an annual special issue that was featured exclusively on “The Today Show” on NBC.

A 27-year service journalism veteran, Asnes has contributed to a long list of national publications including Vogue, Elle, Glamour, Good Housekeeping, More, Mirabella, Working Woman and Lear's. She has spoken at conferences and symposia ranging from the National Endowment for Financial Education’s Retirement Summit to the National Football League’s Rookie Symposium. In addition, Asnes has appeared on national television programs as an expert on financial and economic topics including CNN, CNN Headline News, NBC's Today, ABC's 20/20, PBS's NewsHour with Jim Lehrer and Fox News' The O'Reilly Factor.

Asnes graduated with a B.A. from Cornell University.

Is this a coup for Royal Alliance?