Moneta Group’s Plan for Future Growth Results in Personnel Changes

Carpenter Named Partner & Bowles Named Chief Operating Officer

ST. LOUIS, MO—Moneta Group, a St. Louis-based wealth management firm and registered investment advisor, announced the promotions of Michael Carpenter, J.D., CPA, CFP® and Keith Bowles, MBA. Carpenter is transitioning from Senior Advisor to Partner and Bowles is moving from his position as Director of Business Systems to Chief Operating Officer. Both promotions became effective on January 1, 2017.

Over the past several years, Moneta Group has undergone fantastic growth and change; over the last 9 years their number of clients has increased by 80 percent, employee ranks have nearly tripled and the firm has more than doubled in Assets under Advisement (AUA). This progress has led the firm to develop a Sustainable Business Model that will allow them to continue growing through the development and training of new Partners.

Michael Carpenter, Partner

This is exemplified in the promotion of Carpenter, who joined the firm as an Advisor on the Finerty Pietroburgo team in 2009; he quickly progressed to Senior Advisor and participated in Moneta’s Partner in Training program. As a Partner, Carpenter will now be an invested member of the Moneta Group leadership team, responsible for Moneta’s growth and the development of his team.

“Becoming Partner is a major achievement at Moneta Group. Our Partner in Training Program is comprehensive, vigorous and rigorous. Success in this program means that Mike has proved his qualifications and competencies in technical knowledge, consultative skills, team leadership and business development,” says Tom O’Meara, Managing Partner. “Mike is now held to a higher standard and is invested in this firm in a way that makes him responsible for the future. He will lead by his example, be accountable to his Partners, and ensure that Moneta stays independent so that we can continue to offer our clients the service that they deserve. I know that he is up to the task.”

Keith Bowles, COO

In addition to the Sustainability Model that encouraged Carpenter’s promotion, the firm has heavily invested in growing their infrastructure to allow advisor teams to focus on client service. To ensure that this growing substructure is highly functioning and constantly improving, Moneta found the need for a Chief Operating Officer. They found their COO in Bowles.

“Keith has been with Moneta Group for just 12 months, but in his year at the firm he has become an absolute asset to us,” says O’Meara. “I have been highly impressed with how absorbed he has become in the Moneta Group culture; not just being a cog in the Moneta machine, but being a true embodiment of our vision.”

Moving forward, Bowles will play an integral role in the firm, lending valuable leadership to the operations side of the business and streamlining processes that will allow the Partners and their teams to leverage their talents and focus on client relationships.

“There are three things that help a firm like ours continue to grow: building relationships with current clients, bringing in new clients, and strong financial markets,” says O’Meara. “We can’t control the direction of the financial markets, but Keith and Mike’s promotions allow us to focus on constantly improving the two things we can.  I couldn’t be more excited to see what the future brings.”

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