AdvisorCensus / Financial advisors / Wisconsin / Milwaukee / Reinhart Partners, LLC
Reinhart Partners, LLC is an SEC-registered investment advisory firm in Mequon, WI, registered since 1991, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 18, 2026.
Quick answers
From the filingHow is Reinhart Partners, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Reinhart Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Reinhart Partners, LLC located?
Reinhart Partners, LLC's principal office is in Mequon, WI, according to its Form ADV.
Is Reinhart Partners, LLC registered with the SEC or a state?
Reinhart Partners, LLC is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 106432.
How much does Reinhart Partners, LLC manage?
Reinhart Partners, LLC reports $2,470,608,736 in regulatory assets under management in its Form ADV filing dated May 18, 2026 (100% discretionary).
How have Reinhart Partners, LLC's assets and staff changed since 2021?
In the Form ADV data for Reinhart Partners, LLC: Regulatory assets under management: $6,168,328,324 in the October 2021 data and $2,470,608,736 in the October 2026 data, down 60%. Total employees: 27 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Reinhart Partners, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (148); state or municipal government entities (including government pension plans) (39); corporations or other businesses not listed above (12).
Which custodians does Reinhart Partners, LLC use?
Reinhart Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Caceis Bank, J.P. Morgan Prime Inc., Northern Trust Securities, Inc., State Street Bank and Trust Company and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.
Does Reinhart Partners, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106432
Does Reinhart Partners, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Reinhart has a standard minimum account size of $1,000,000 for all accounts. Smaller accounts will be accepted based upon a number of factors, including geographic considerations, related account relationships, the number of clients with individual firms and support services provided by other firms."
What changed in Reinhart Partners, LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $1,912,117,349 to $2,470,608,736 (+29%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $1,000,000
The brochure's wording
Reinhart has a standard minimum account size of $1,000,000 for all accounts. Smaller accounts will be accepted based upon a number of factors, including geographic considerations, related account relationships, the number of clients with individual firms and support services provided by other firms.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$2,470,608,736 as of October 2026, filing dated May 18, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1991 (34 years)
- Employees
- Total: 16. Performing investment advisory functions: 6.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
53 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $2,470,608,736 | 16 | May 18, 2026 |
| October 2025 | $1,912,117,349 | 14 | February 5, 2025 |
| October 2024 | $1,780,010,647 | 16 | March 20, 2024 |
| October 2023 | $1,613,276,781 | 19 | March 21, 2023 |
| October 2022 | $1,829,753,802 | 20 | March 23, 2022 |
| October 2021 | $6,168,328,324 | 27 | March 16, 2021 |
Regulatory assets under management: $6,168,328,324 in the October 2021 data and $2,470,608,736 in the October 2026 data, down 60%.
Total employees: 27 in October 2021 and 16 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $1,912,117,349 to $2,470,608,736 (+29%).
- Updated its list of owners and control persons (Schedule A).
- March 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Reinhart Partners, LLC (CRD 106432): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/reinhart-partners-llc-mequon-wi-106432