# 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.

- CRD: 106432
- Filed as: REINHART PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mequon, WI
- Filing period: October 2026
- Form ADV filing dated: May 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106432
- AdvisorCensus page: https://advisorcensus.com/firm/reinhart-partners-llc-mequon-wi-106432

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $1,000,000

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Caceis Bank
- J.P. Morgan Prime Inc.
- Northern Trust Securities, Inc.
- State Street Bank and Trust Company
- The Bank of New York Mellon

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,470,608,736
- Discretionary: $2,470,608,736
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 148 | $134,046,317 |
| Investment companies | 3 | $665,270,267 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $60,057,434 |
| Charitable organizations | 7 | $11,874,213 |
| State or municipal government entities (including government pension plans) | 39 | $845,974,589 |
| Insurance companies | 2 | $375,984,230 |
| Corporations or other businesses not listed above | 12 | $377,401,686 |

### 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

### Firm details
- Registered since: 1991 (34 years)
- Employees: 16 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- reinhartfunds.com
- reinhartpartners.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,168,328,324 | 27 | March 16, 2021 |
| October 2022 | $1,829,753,802 | 20 | March 23, 2022 |
| October 2023 | $1,613,276,781 | 19 | March 21, 2023 |
| October 2024 | $1,780,010,647 | 16 | March 20, 2024 |
| October 2025 | $1,912,117,349 | 14 | February 5, 2025 |
| October 2026 | $2,470,608,736 | 16 | May 18, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Reinhart Partners, LLC (CRD 106432): Form ADV filing data as of October 2026.