According to an announcement, the move will increase the strength and depth of Bukaty’s wealth management area. Vincent Morris, vice president and an owner of Bukaty’s Retirement Plan Services Division, made the announcement of the merger of the firm founded by Kenneth O’Renick in 1968. Terms of the deal were not disclosed.
“The O’Renick Companies is without a doubt one of the most respected wealth management firms in the country,” said Morris. “The opportunity for us to offer our clients the wealth management expertise they provide will be invaluable to us as we look to the future. This will give us huge capabilities in the high net worth investment management arena.”
According to the announcement, O’Renick has been in wealth management for 42 years and formed the company based on a dedication to the preservation and growth of assets for high-income individuals, trusts, corporations and qualified retirement plans. He searched for seven years to find a company that could offer his clients enhanced services while also sharing the cultural values of his firm. He found that firm in Bukaty Companies, according to the announcement.
“We have had some clients for 42 years and many more for 30 and 40 years, so it was a very deliberate journey to find the right company that shared our values,” said O’Renick. “As we join with Bukaty Companies our goal is to continue to preserve and protect the wealth for all our clients. This is a merger of strengths and is a win-win for us and our clients.”
Morris said he had been searching for a partner to provide additional wealth management services for Bukaty Companies clients for a long time. “The O’Renick team brings a similar culture, respect for the client and a commitment to service that are the hallmarks of what we offer our clients,” he says. “We expect this to be a seamless transition for both firms and our clients.”
Founded in 1991 by Mike Bukaty, Bukaty Companies is one of the Kansas City area’s largest employee benefit and insurance consulting firms. From its early beginnings as a three-person office, the business has grown to nearly 100 employees representing more than 2,500 clients, according to the firm. Bukaty Companies services include: Employee Benefits; Retirement Planning; Wealth Management; Benefits Administration; Human Resource Consulting; Payroll Administration; Property & Casualty; Bonding; and Individual Health and Life.
More information is available at http://www.bukaty.com/