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Modera Wealth Management Expands Footprint Through Acquisitions

1 report, 1 independent Updated Wed 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Modera Wealth Management acquired RS Crum, a fee-only financial planning firm located in Newport Beach, California, which manages approximately $750 million in assets. The acquisition brought RS Crum's nine-person team, including Mark Rylance and Daniel Sexton, to Modera. This move follows earlier acquisitions by Modera of Northstar Financial Planners in Florida and Marathon Wealth Management in Albany, New York.

From investmentnews.com

Why it matters

Some supportBrind's analysis of the reports

The acquisitions represent a strategic expansion of Modera Wealth Management's geographic reach and assets under management. By integrating firms across multiple states, Modera is increasing its operational capacity within the financial services industry.

From investmentnews.com

Who's involved

  • Mark RylanceJoined Modera as a wealth manager following the acquisition of RS Crum
  • Daniel SextonJoined Modera as a wealth manager following the acquisition of RS Crum
  • Newport BeachLocation of RS Crum, the firm acquired by Modera

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Newport BeachSpeculative

    The market in Newport Beach might see increased demand for wealth management services following the acquisition of RS Crum.

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The entities involved

Coverage

Newest first; wire copies grouped