Fidelity, Schwab To Provide Custody For Newly Launched Independent RIA

The Team At New Firm Greykasell Wealth Strategies Previously Managed Over $450 Million In Client Assets.
David Eisenhauer, Chief Wealth Strategist, Greykasell Wealth Strategies; Rohit Mahna, Head of Client Growth, Fidelity Institutional Wealth Management Services
David Eisenhauer, Chief Wealth Strategist, Greykasell Wealth Strategies; Rohit Mahna, Head of Client Growth, Fidelity Institutional Wealth Management Services

A newly created independent RIA, whose advisory team managed more than $450 million in client assets across more than 100 households at Northwestern Mutual, said today that it selected Fidelity Investments and Charles Schwab to provide custody services.

David Eisenhauer is serving as Chief Wealth Strategist for the new RIA, Danville, California-based Greykasell Wealth Strategies, which is focused on serving high net worth individuals, families and business owners.

The multi-custodial firm is using Fidelity as its largest custodian, with Schwab providing additional custodial services, according to Greykasell.

Working with Fidelity Investments provides Greykasell with “access to a wide range of products and services that can help them serve the needs of their clients,” the new RIA said.

Eisenhauer, who served as an advisor and broker for Northwestern Mutual, according to FINRA’s BrokerCheck website, has over 14 years of investment experience.

Before becoming a financial advisor, Eisenhauer started his career in financial services as an accountant at PricewaterhouseCoopers, where he audited large public and private companies.

Joining Eisenhauer at Greykasell is his entire team from Northwestern Mutual, including Cynthia Alyssa Pammett (Director of Operations), Michael Kimbrough (Director of Investments) and Eisenhauer’s wife, Teri Eisenhauer, who serves as Office Manager.

“Our team of professionals, who have more than 50 years of combined financial services experience, will be well-equipped to not only provide clients a broad array of high-quality services that address their increasingly sophisticated needs but also help them navigate issues that are at the intersection of planning, investing and taxes,” Eisenhauer said in a statement.

“Family comes first for me, and that familial culture extends to our clients,” added Eisenhauer. “We get to know them personally, which allows us to craft customized financial plans to help them realize their goals and dreams. This approach is how we’ve been successful in the past and how, with the independence and flexibility of the RIA model, we plan to be even more successful going forward.”

Moving from a broker-dealer platform to a fee-based RIA, the Greykasell team works in a fiduciary capacity to support clients, it said.

For individuals and families, the new firm offers advisory, financial planning, wealth management and estate planning services, with an emphasis on tax considerations, it said.

For business-owner clients, the firm also provides business planning, succession support, employee and executive benefits planning, and qualified retirement plan design assistance.

Welcoming Greykasell to the Fidelity platform, Rohit Mahna, Head of Client Growth at Fidelity Institutional Wealth Management Services, said, “Taking the leap towards independence is an exciting milestone, and we are eager to support the team’s continued growth and steadfast focus on meeting the increasingly complex needs of their clients.”

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.

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