ST. LOUIS—September 21, 2017— Clayton-based Moneta Group has earned the number 7 spot on Barron’s Top 30 Independent Advisory Firms list which highlights the biggest, fastest growing independent firms. The rankings were chosen based on assets under management, retention, and factors that contribute to providing broad and consistent service to clients.
These days, rapid growth is a staple at Moneta Group. The firm has doubled in size over the last 10 years, not only in AUM, but also in client and employee numbers. Today, the 275-person firm manages approximately $16.1 billion in assets for over 4,000 clients. Still, their focus remains on making client service top priority.
“Our purpose has always been centered around providing exceptional service that clients can count on; no matter how large we get or how many lists we’re ranked on, that will never change,” said Thomas O’Meara, Moneta Group’s Managing Partner and Chairman of the Board. “Most importantly, we will remain independent, never focusing on a product to sell or shareholders to report to – our clients guide all of our decisions.”
In order to continue providing the best possible service as they grow, Moneta keeps its client-to-advisor ratio low (45:1) and allows their advisors to fully focus on client service by employing a centralized staff to manage areas such as estate planning, technology, compliance and marketing.
“Truly, our size allows us to offer the amenities of a large firm, but with a completely personalized focus,” said O’Meara. “And the success of that model is reflected in our 98% retention rate.”
This is not the first time that Moneta has been recognized for their rocket ship growth; in 2015, Moneta won the Fast Track Award from the Missouri Chamber of Commerce and Industry in acknowledgement of its status as one of the state’s fastest-growing companies. It is also consistently ranked among the top 10 RIAs in the nation by Financial Advisor Magazine.
For more information about Moneta Group’s wealth management services, visit monetagroup.com.