Modera Wealth Management Acquires Bay Point Wealth

Fee-only RIA firm joins Modera to leverage enhanced client capabilities and opportunities for growth

WESTWOOD, NJ – Nov. 21, 2024 – Modera Wealth Management, LLC (Modera), a fee-only comprehensive financial planning firm with $12.5 billion in assets under management (AUM, as of 9/30/24), has announced its acquisition of Bay Point Wealth, a registered investment adviser firm with offices in Annapolis and Stevensville, Maryland, and $467 million in assets under management (as of 9/30/24).

For over 25 years, Bay Point Wealth has provided personalized, objective advice, fee-only financial planning, and investment management services to high-net-worth individuals and families. The firm currently has eight employees, including four advisors who specialize in working with successful families, business owners, corporate executives, medical professionals, surviving spouses, and individuals with special needs. As the firm’s operations increased and client requirements evolved in recent years, Bay Point recognized the need to find a strategic partner to support its existing clients while providing opportunities for an enhanced service offering.

“As the founder of Bay Point, I unequivocally believe that transitioning our ownership to Modera Wealth is a picture-perfect move. This decision is rooted in our shared values and a mutual commitment to excellence. I am confident that this new chapter will enhance our capabilities and offer our talented team even greater opportunities for development and career advancement. This is a truly transformative step for us, promising continued innovation and improved services for our clients,” said Bay Point Wealth founder and principal Bill Hufnell.

“Bay Point’s leaders share a commitment to a client-first, fiduciary approach that mirrors ours. We are excited to welcome the team to Modera and look forward to collaborating on ways to support the team and add value to their client relationships,” stated Modera CEO Tom Orecchio.

Learn more about our offices in Maryland. Former Bay Point Clients, you can access your client logins here.

 

About Modera

Modera Wealth Management provides fee-only, comprehensive wealth management for individuals, families, retirement plan sponsors and non-profit institutions to clients nationwide. In addition to portfolio management, Modera provides clients with financial planning services, including retirement planning, estate planning, income tax planning and risk analysis. Modera has maintained a client-first philosophy since its inception in 1983 when its predecessor firm established itself as one of the country’s first fee-only advisory firms. Since then, Modera has grown its geographical footprint, serving clients nationwide, while adding depth and breadth to its team. To learn more, please visit www.moderawealth.com.


 

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, Part 2A of Form ADV.

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.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Talk to an experienced financial planner

"*" indicates required fields

(Modera has a $1M minimum.)

By sending this message, you agree that Modera will use the personal information you disclose to have an adviser contact you and/or you agree to opt-in to receive marketing communications from us. By providing a telephone number and submitting this form you are consenting to be contacted by SMS text message. Message & data rates may apply. You can reply STOP to opt-out of further messaging.

This field is for validation purposes and should be left unchanged.

Subscribe Now

If you are not a current client but would like to receive pertinent information about how we help people like you, please sign up now. We will send you helpful content and webinar invitations. Thanks for your interest!