Out of a
financial education initiated by her father in
the early 1970s 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, the move to formalize her business
came
when she took over the management of her
parents’ financial affairs, which included a
multi-faceted investment portfolio, real estate
and trusts, and she realized the lack of
individualized financial advice in Charlotte.
During those years, Mary recognized the
limitations of the financial advisory resources
available to her. 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 chose to
operate out of large metropolitan areas such as
New York, Washington, D.C. and Atlanta rather
than Charlotte.
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. She also made a commitment
to never sell any financial products, making the
firm unique as a provider of Fee-Only financial
services. This commitment, combined with a
seasoned staff of professionals, has allowed the firm to build a
reputation for integrity and objectivity in
providing financial services both locally and
nationally.
