Peter Racen moves practice from Northwestern Mutual to join Moneta as a Partner on the Gast Freeman Troyer Team

ST. LOUIS — September 22, 2022 — Attracted by the firm’s national reputation, fee-only structure, and multi-generational approach, Peter Racen merged RACEN Wealth Management into Moneta and joined the independent RIA as a Partner on the Gast Freeman Troyer Team.

Racen’s 5-person team comes to Moneta from Northwestern Mutual Wealth Management Company. Merged with the GFT Team at Moneta, their combined strength features four Partners among six total CERTIFIED FINANCIAL PLANNERSTM (CFP®) and two Certified Public Accountants (CPA). The team’s growing national footprint includes personnel in St. Louis, Chicago, and the Washington D.C. area, and clients located across the country and internationally, too. Their partnership strategically spans multiple generations for the sake of preserving continuity of service across multiple generations of their client relationships.

“I could do financial planning at any firm or pick up scale by adding anyone with a book of business; I chose Moneta because they offer so much more than that,” said Racen, a 23-year industry veteran. “One big driver for us was Moneta being a fee-only RIA, where we could provide true fiduciary services. That combined with the firm’s impressive history, national reputation, and structure – with an enterprise service team of 100+ specialized experts supporting our team’s strategy and practical execution – was quite compelling. We also wanted to ensure our practice thrives well beyond my involvement so our clients can be assured that their families will be taken care of for generations to come.”

Moneta Partner Peter Racen

As a business owner, entrepreneur, and Family CFO, Racen values sharing his expertise to create a comprehensive wealth management plan for his clients. Having been on the other side of the table, Racen understands first-hand the perspective of business owners and brings specific expertise in complex business planning and estate planning that will enhance the GFT Team’s already strong focus on serving business executives.

“This continues Moneta’s legacy as an industry leader in succession planning, as several years ago the Partners at our firm made a shared commitment to strategically build our teams to include next-gen advisors,” Moneta Partner Gus Gast said. “This not only benefits our clients across multiple generations, but also attracts new Partners, like Peter, who seek a sustainable business model for both their practice and their clients.”

 

ABOUT MONETA

Moneta Group Investment Advisors, LLC is a registered investment advisor (RIA) with approximately $32.8 billion in assets under management as of Dec. 31, 2021, headquartered in the Midwest. InvestmentNews ranked Moneta among the nation’s Top 10 largest fee-only RIAs for the fifth-straight year in 2022. Barron’s ranked Moneta among the nation’s Top 10 Independent RIAs in 2017, 2018, 2019, 2020 and 2021 for its combination of quality and scale.

The firm consistently earns praise for the way it invests in and takes care of employees. In 2021, InvestmentNews ranked Moneta among the nation’s “Best Places to Work for Financial Advisers” for the third year, the St. Louis Post-Dispatch ranked Moneta among its “Top Workplaces” for the eighth-straight year and the St. Louis Business Journal named Moneta as one of its “Best Places to Work” for a seventh-straight year.

© 2022 Moneta Group Investment Advisors, LLC. All rights reserved. Moneta Group Investment  Advisors, LLC is an SEC registered investment advisor and wholly owned subsidiary of Moneta Group, LLC. Registration as an investment advisor does not imply a certain level of skill or training. Moneta is a service mark owned by Moneta Group, LLC.  These articles do not individually or collectively constitute an offer to sell or buy securities, nor does any statement contained herein represent any specific recommendation. Rankings and/or recognition by unaffiliated rating services and/or publications are not indicative of performance and should not be construed as a guarantee of future investment success, nor should they be construed as a current or past endorsement of Company by any of its clients.