A Proud Heritage
Rinehart Wealth and Investment Advisory was established over three decades ago as one of the first Fee-Only firms in Charlotte and continues to serve as a fiduciary providing unbiased proprietary investment management and comprehensive wealth advisory including extensive financial planning.
Mary Rinehart founded Rinehart Wealth and Investment Advisory in 1985 after she took over the management of her parents’ financial affairs including a multi-faceted investment portfolio, real estate, and trusts. She quickly realized there was a lack of individualized, unbiased financial advice in Charlotte. During those early years, Mary recognized the current wealth advisory resources where limited to people selling financial products with negligible unbiased research or information about the various financial decisions necessary to manage a multifaceted portfolio for an affluent individual that might not necessarily be able to cost effectively assemble an independent Family Office. As is the case today, most local wealth managers were relationship managers while the sophisticated investment managers chose to operate out of large metropolitan areas such as New York, Boston, and San Francisco rather than Charlotte.
Mary decided that the Charlotte market was growing and deserved the same access to boutique wealth and investment advisory services as those clients in the established financial hubs. She used the knowledge gained through her own experience to create an offering unique to Charlotte which has historically been dominated by large banking institutions. The goal of the firm was, and is, simply to help affluent clients access a concierge wealth advisory experience with institutional caliber investment results to create financial security. Integral to achieving this goal was that the firm was structured to serve as a fiduciary, never selling any financial products, operating strictly as Fee-Only. This commitment, combined with a seasoned staff of professionals, allowed the firm to build a reputation for integrity and objectivity in providing financial solutions both locally and nationally.
The firm continues to grow under Mary’s strategic direction while she laid out a succession plan in keeping with her desire to honor the client. Rinehart Wealth and Investment Advisory will remain an independent, employee-owned operation as it is the firm’s belief that this ownership structure enables superior client service, and advisor continuity. After joining the firm to serve as the Chief Investment Officer, Daniele Donahoe worked with Mary to create a long-term vision for the firm and eventually assumed majority ownership and the role of Chief Executive Officer. The history of success established by Mary Rinehart lives on through the culture of client service and commitment to community.