Kathleen C. Wallace is a Managing Director and shareholder at RINET. She leads the firm’s Trust Management Group. Kathleen oversees all areas of trust administration, including: beneficiary distributions, maintenance of the trust accounting system, quarterly reporting, preparation of fiduciary income tax returns, and trust income and expense projections. She administers the private foundations established by RINET’s clients, which includes grant disbursements, tax payments and overall compliance with IRS rules. Kathleen helps clients manage their financial affairs with family office services such as bill paying, income collecting, household accounting, and wages and reporting for household employees. Her group prepares the quarterly financial reports for Family Limited Partnerships as well as other client partnerships. Kathleen also supports relationship managers with estate settlement and funding of new trusts as appropriate.
Prior to joining RINET in 1998, Kathleen held various trust taxation and administration roles at BankBoston, Boston Safe Deposit & Trust Company, and State Street Bank.
Kathleen holds a Bachelor of Science in Management Science from Bridgewater State College, and a Master of Science in Taxation from Bentley College. She successfully completed the two-year program of the National Graduate Trust School, sponsored by the American Bankers Association at Northwestern University. She is a Certified Financial PlannerTM and Certified Trust and Financial Advisor (CTFA). Kathleen is the former President of the Big Sister of Greater Boston Alumnae Association, and served on the board of Big Sister of Greater Boston. She is a member of the Boston Club, a community of women executives and leaders. Kathleen lives in Billerica, MA and enjoys travel, photography, reading, and spending time with her large extended family.