Birmingham, Ala.-based Warren Averett Asset Management and Kinsight have joined forces to create the largest fee-only financial planning and investment advisory firm in Alabama, with combined assets under management in excess of $2.2 billion.
“Charlie Haines, Kinsight’s founder, is a well-known leader in the financial planning industry across the country and a pioneer in the fee-only field,” said Josh Reidinger, president of Warren Averett Asset Management. “We have like-minded clients – successful and affluent families – and are grateful we can now offer even more ways to help our clients thrive.”
“When we looked at the overlap Warren Averett and Kinsight have in our investment philosophy and portfolio construction approach, a merger made perfect sense,” Haines says.
Kinsight, which advises over 160 families with assets under management in excess of $400 million, will operate under the name Warren Averett Asset Management, and will maintain their location in Birmingham. Eleven people are joining the combined firm. Warren Averett Asset Management has over $1.8 billion in assets under management.