Moneta Advisory Services
Large-scale resources. personalized attention. yes, you can have both.
WE DO MORE, SO YOU CAN TOO,
WHEREVER YOU ARE IN LIFE.
No matter what stage you’re in on your wealth journey, the Moneta Advisory Services Team can help you plan for the future you imagine. Whether you’re just starting out or looking to retire, we are here to help you make life’s big decisions.
As a firm Moneta manages more than $23 billion in assets for our Clients, but even as we continue to grow we are committed to delivering a personalized experience for our Clients. We maintain an Advisor-to-Client ratio half that of the industry standard. Our Team approach gives clients the individualized attention their financial plans need, but we are also backed by the industry knowledge and resources of a large firm. For our Clients, it’s the best of both worlds.
WE ARE FIDUCIARIES
ACTING IN YOUR BEST INTEREST–ALWAYS
When considering the type of financial advisor that best suits your needs, it’s important to understand your options. Financial Advisor firms generally fall into two major categories, Registered Investment Advisors (RIA) and Brokers. Both can offer financial advice, but differ vastly in how they are regulated, what they offer, how they service your account and how they are compensated.
Brokers are in the business of buying and selling securities on behalf of clients. By law a Broker is obligated to act in your best interest when they are acting as your advisor, but not when they are acting as the consultant on which investment products you should use. Both Brokers and Broker Dealers are not obligated to act as fiduciaries.
Moneta financial advisors are independent, fee-only Registered Investment Advisors (RIAs), regulated by the SEC and required to act as fiduciaries at all times.
A Registered Investment Advisor, or RIA, has a fiduciary duty to their clients, meaning they are required to seek the best solution for their clients’ financial plans vs. just one “that will work.” It’s a standard of excellence that we uphold at Moneta as the only way to do business with all of our clients–no matter their size. RIAs are required to attain a Series 65 license.
Some other financial advisors work for big-name firms that also own the funds they are advising upon. They are in a sense limited in how they can execute on a client’s plan. Moneta doesn’t own specific funds or have incentives to purchase one option over another. Fund selections are based upon what we believe will achieve clients’ goals best–nothing more.
A Registered Investment Advisor, or RIA, has a fiduciary duty to their clients, meaning they are required to seek the best solution for their clients’ financial plans vs. just one “that will work.” It’s a standard of excellence that we uphold at Moneta as the only way to do business with all of our clients–no matter their size.
Other financial advisors may earn a commission on the funds they recommend for your portfolio or they may collect a fee based upon the number of transactions executed for you. Or they may be getting both. It’s important to ask your current advisor “all the ways you get paid” from advising me on my portfolio. If you get vague answers, keep asking until you get a clear one, as many times vague answers aren’t in your best interest.
Moneta is an independent firm, meaning we are not under any corporate obligation to recommend specific investments to our clients. Our freedom allows us to answer only to our client’s best interest–no shareholders or equity firm boards to please, just our clients.
Moneta is an independent registered investment advisor (RIA). We are fiduciaries and 100% objective. We operate and advise clients without bias. We have the resources, security and longevity of a large firm, but are still able to maintain the personalized attentionour clients deserve. We have the freedom to leverage a large and diverse set of solutions so that we can customize plans for our clients’ specific needs and goals. We answer to our clients first – always.
Our independence also allows us the freedom to invest in almost any type of asset our client’s portfolios need. We are not bound by a corporate firm, requiring us to meet certain quotas on sales of their investment products.
RIAs have a fiduciary duty to their clients, which means they have a fundamental obligation to provide financial advice that always puts their clients’ best interests first. Fiduciary usually refers to someone who manages assets on the behalf of an individual, a family or a company. In addition to a banker or financial advisor, this person could be an accountant, executor, trustee or board member. In theory, a fiduciary can be anyone to whom you delegate personal, legal or financial choices. RIAs are considered to be acting in a fiduciary capacity, and so held to a higher standard of conduct than registered representatives. This fiduciary standard mandates that an RIA must always unconditionally put the client’s best interests ahead of his or her own, regardless of all other circumstances.
As a safeguard, RIAs use third-party custodians to hold their clients’ assets. Moneta uses Charles Schwab & Co. and TD Ameritrade among others.By using a third party custodian, clients are able to verify account information provided by and RIA against statements provided by custodians, as a check-and-balance. Custodians are limited to buying and selling securities on your behalf, moving funds between your accounts, and having funds sent directly to you.
MEET OUR TEAM
By Brighton Samet, Moneta Tax Planning Consultant Under guidance from the Internal Revenue Service (IRS), anyone who already took a required minimum...
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By Brighton Samet, Moneta Tax Planning Consultant The IRS and the Treasury Department began issuing a second round of Economic Impact Payments,...
CONTACT US TO LEARN MORE
We are ready to meet you where you are, accommodate your busy schedule and engage you in the way that you prefer. We do more for you, so you can do more of what you love.