Osaic adds $280M with father-daughter advisor duo
Osaic is broadening its national wealth management footprint as it welcomes a father-daughter duo, Kings Mill Wealth Advisors, into its network.
The newly formed multigenerational practice – led by Marvin Rauchbach of Chapel Hill, North Carolina, and Leigh Ritchey of Baltimore, Maryland – had overseen more than $280 million in client assets at Valic Financial Advisors.
The father-daughter duo brings just over half a century of combined experience to Osaic, which includes Rauchbach’s 37 years of experience and his daughter’s 12-year record.
“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,” Rauchbach said.
Rauchbach and Richter’s expertise spans a wide array of financial planning areas, including retirement and estate planning, asset allocation, portfolio management, tax planning, cash-flow analysis, and charitable giving.
The formation of Kings Mill Wealth Advisors under the Osaic umbrella aims to offer a robust suite of services tailored to meet the diverse needs of their clientele.
“We pride ourselves on building trust and lasting relationships with our clients, and it’s clear that Osaic will do that for our team,” Rauchbach said.
Osaic is welcoming the father-daughter tandem shortly after it added a $360 million advisor team based in Minnesota from Cetera.
Earlier this month, it onboarded a $240 million South Carolina advisor duo from LPL who launched their own independent wealth firm.
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