Kings Mill Wealth Advisors, a father-daughter team of Marvin Rauchbach of Chapel Hill, N.C., and Leigh Ritchey of Baltimore, Md., joined the Osaic platform last month. Kings Mill brings more than $280 million in total client assets to Osaic.
With more than 50 years of combined experience, the multigenerational team joined Osaic to launch Kings Mill Wealth Advisors. Rauchbach and Ritchey serve a range of clients, advising them on retirement and estate planning, asset allocation and portfolio management, tax planning, cashflow analysis, and charitable giving.
Rauchbach and Ritchey had previously been registered with Valic Financial Advisors, a registered independent adviser and broker-dealer arm of AIG Retirement Services.
“Osaic’s balance of hands-on support for best-in-class services and flexibility to build our business as we see fit made their platform the right choice for our independent practice,” said Rauchbach. “We pride ourselves on building trust and lasting relationships with our clients and it’s clear that Osaic will do that for our team. We found a partner in Osaic that understands our vision to build a firm that will serve clients for generations and has the resources we need to build that firm today.”
“Marvin and Leigh’s approach to wealth management is rooted in service and respect, making them a perfect addition to our adviser community,” said Kristen Kimmell, executive vice president of business development for Osaic. “We are thrilled they chose Osaic as their partner so we can help them build their business in the mid-Atlantic and Southeast. We look forward to supporting their success for years to come.”
The addition of Kings Mill Wealth Advisors to the Osaic family comes after the departure of five firms from the platform earlier this month. The affiliated financial advisers took their collective $700 million in advisory, brokerage, and retirement plan assets from Osaic to LPL Financial.
Osaic Inc., is a portfolio company of Reverence Capital Partners and is one of the nation’s largest providers of wealth management solutions, supporting over 10,500 financial professionals.
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