Out of a financial education initiated by her father in the early 1970’s and hardened when faced with the default of her father’s New York City municipal bonds, Mary Rinehart founded Rinehart & Associates in 1985. While much of Mary’s interest in financial planning and asset management was kindled by these personal events in her life, the move to formalize her business was also in response to the lack of individualized financial advice in Charlotte when she took over the management of her parents’ financial affairs that included a multi-faceted investment portfolio, real estate and trusts.
During those years, Mary recognized the limitations of the financial advisory resources available in Charlotte. There were many people selling financial products but there was no single resource she could rely on for advice about the many different types of financial issues that she was facing. Not only did most local money managers have excessively high asset minimums but the best money managers did not operate in Charlotte, choosing instead, to operate out of large metropolitan areas such as New York, Washington, D.C. and Atlanta.
By opening the firm, Mary decided to use the knowledge she had gained through her own experience to help others deal with the financial security matters they either were not equipped to deal with or lacked the time to handle on their own. Mary also made a commitment to never sell any financial products, making the firm unique as a provider of Fee-Only financial services. This commitment to never sell any financial product combined with a seasoned staff of professionals has allowed the firm to build a reputation for integrity and objectivity in providing financial services locally and nationally.
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