Modera is proud to be ranked 68th in FA Magazine’s 2023 RIA Ranking, up from the 75th spot in 2022. FA Magazine ranked 521 RIA firms in total, 91 of which had more than $5 billion in assets managed as of the end of 2022.
The annual ranking is based primarily on five components: 2022 year-end assets; percentage growth in assets from 2021-2022; average assets per client; percentage growth in assets per client; percentage change in number of clients.
Modera managed $6.8 billion as of the end of 2022 with an average of $3 million in assets managed per client.
“We were pleased with last year’s results,” said Modera CEO Tom Orecchio. “Despite the market and economy whiplashes we all experienced, our clients knew to stay invested and partake in the upsides as and when they came. 2023 has been a good year thus far with our recent acquisition of Parsec Financial we are now twice as big yet focused on maintaining our boutique firm culture for which clients know us well.”
FA’s RIA Ranking is an independent listing produced by Financial Advisor magazine. Firms must be registered investment advisors and provide financial planning and/or related services to individual clients. All firms must be either independently owned or a freestanding subsidiary of another business. Neither the RIA firms nor their employees pay a fee to FA Magazine to be included in the listing. Data is provided by each firm, mostly from numbers and information published on forms they submit to the SEC. Each firm is then ranked alongside their participating peers.
See the full ranking: https://www.fa-mag.com/news/2023-ria-survey—ranking–consolidation-crunch-hits-rate-reality-73828.html
We are proudly a fee-only, independently-owned financial planning firm that acts as a fiduciary for our clients. We have built our organization to put our customers’ interests first, as evidenced by our fee-only fee structure and fiduciary responsibility.
If you’re interested in our services, please contact us. If you would like to learn more about financial planning, wealth management, and finding a financial advisor, please visit other areas of our education section.
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Modera Wealth Management, LLC (“Modera”) is an SEC registered investment adviser. SEC registration does not imply any level of skill or training. Modera may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements. For information pertaining to Modera’s registration status, its fees and services please contact Modera or refer to the Investment Adviser Public Disclosure Web site (www.adviserinfo.sec.gov) for a copy of our Disclosure Brochure which appears as Part 2A of Form ADV. Please read the Disclosure Brochure carefully before you invest or send money.
This article is limited to the dissemination of general information about Modera’s investment advisory and financial planning services that is not suitable for everyone. Nothing herein should be interpreted or construed as investment advice nor as legal, tax or accounting advice nor as personalized financial planning, tax planning or wealth management advice. For legal, tax and accounting-related matters, we recommend you seek the advice of a qualified attorney or accountant. This article is not a substitute for personalized investment or financial planning from Modera. There is no guarantee that the views and opinions expressed herein will come to pass, and the information herein should not be considered a solicitation to engage in a particular investment or financial planning strategy. The statements and opinions expressed in this article are subject to change without notice based on changes in the law and other conditions.
Investing in the markets involves gains and losses and may not be suitable for all investors. Information herein is subject to change without notice and should not be considered a solicitation to buy or sell any security or to engage in a particular investment or financial planning strategy. Individual client asset allocations and investment strategies differ based on varying degrees of diversification and other factors. Diversification does not guarantee a profit or guarantee against a loss.
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