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Modera Wealth Management: “Fastest-Growing Fee-Only RIAs” of 2024

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Modera Wealth Management has been named one of the “Fastest-Growing Fee-Only RIAs” of 2024 by InvestmentNews.

This list celebrates firms with a minimum of $100 million in assets under management with no more than half of those regulatory assets being attributable to pension and profit-sharing plans. As InvestmentNews noted, “None of them receive commissions or are actively engaged in business as broker-dealers, meaning their sole motivation is overseeing clients’ best interests.” Modera ranked #14 in the category of RIAs with $1 billion or more in AUM.

“We’re incredibly proud of this recognition. Our unwavering commitment to putting clients’ interests first through our fee-only model, combined with our focus on comprehensive planning and evidence-based investing, has resonated deeply with individuals seeking truly independent advice. This growth reflects the trust our clients place in us,” said Tom Orecchio, Modera CEO.

View the full list of awardees here: Fastest Growing Fee-Only RIAs

InvestmentNews selected the second annual Fastest-Growing RIAs based on data reported to the Securities and Exchange Commission on form ADV.

To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after July 1, 2023, (2) total AUM is at least $100 million, (3) does not have employees who are registered representatives of a broker-dealer, (4) managed assets for individual clients during its most recently completed fiscal year, (5) no more than 50 percent of amount of regulatory AUM is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25 percent of amount of regulatory AUM is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25 percent of amount of regulatory AUM is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, and (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered), not one who is an insurance company or agency.

To be considered for the list of Fastest-Growing RIAs, firms must have met the criteria in each year (ending July) between 2021 and 2024. In cases where a firm filed more than one annual update to their ADV, the latest filing for the year was used.

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