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.

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