Merger creates $4.4 billion RIA in New Jersey
New Jersey-based Modera merges with Pennsylvania-based Independence Advisors; Modera also received an equity infusion from Tria Capital.
Source: investmentnews.com
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Modera Wealth Management Announces Merger with Independence Advisors and TRIA Capital Partners Investment
Modera Wealth Management Announces Merger with Independence Advisors and TRIA Capital Partners Investment News provided by Share this article Share this article WESTWOOD, N.J., Jan. 12, 2021 /PRNewswire/ -- Modera Wealth Management, LLC (Modera) and Independence Advisors, LLC (IA) merged on December 30, 2020. The firm operates under the name of Modera Wealth Management, LLC, with combined regulatory assets under management of approximately $4.4 billion (as of 12/31/2019), over 1,900 clients across 40 states, 81 employees, and an office presence in Massachusetts, New Jersey, Pennsylvania, Geo...
Source: prnewswire.com
Modera Wealth Sells Minority Stake to Tria Capital, Adds $1.3B RIA
Modera Wealth Management Sells Minority Stake to Tria Capital, Adds $1.3B RIA One day after merging with Independence Advisors, Modera Wealth Management sold a minority stake of its firm to Tria Capital Partners. Modera Wealth Management, a fee-only and independently owned firm based in Westwood, N.J., merged with Independence Advisors, the company announced. The RIA also sold a minority, noncontrolling piece of the company to Tria Capital Partners, a financier of RIA mergers and acquisitions and succession planning that is run by former Fiduciary Network partners. The merger deal clo...
Source: wealthmanagement.com