Moneta Deepens Bench with Appointment of Andrew Kelsen as Head of Alternative Investments

Seasoned financial professional will leverage 34 years of industry experience to help build Moneta’s alternative investment platform

ST. LOUIS — Oct. 13, 2021 — With evolving client needs a top priority, Moneta, a 100% partner-owned and fee-only firm offering advisory services through its registered investment advisor (RIA) Moneta Group Investment Advisors, LLC, is honored to announce the appointment of Andrew Kelsen as Head of Alternative Investments. Kelsen is the newest addition to the investment team and reports directly to CIO Aoifinn Devitt, who joined the firm in June.

With 34 years of experience in senior-level positions, Kelsen will lead Moneta’s external investment partners in building out additional private asset solutions for clients. In addition, he will work with Moneta’s internal partner teams to provide education and context around alternative investments and source ideas to fit unique client needs. He brings a large network of alternative investment relationships to leverage as he builds out Moneta’s suite of offerings. His presence at the firm deepens the bench of resources and investment opportunities for partners to offer their clients.

“Moneta has a proven track record of success and organic growth, and an expanding footprint across the nation. I’m excited to be part of a firm that continues to progress,” said Kelsen. “I have a passion for and commitment to building outstanding offerings to benefit all stakeholders. I look forward to developing an enduring platform to meet our clients’ growing demand for alternative investment products.”

Throughout his career, Kelsen has developed specialized expertise in private equity, real estate, sustainable investments and co-investments. In prior positions, he has successfully helped develop a variety of sophisticated investment platforms. In his most recent role with the Chicago Teachers’ Pension Fund, Kelsen transitioned the fund to a world-class alternative platform. His move to top 10 independent RIA Moneta is backed by years of previous experience as head of capital markets in private placements at a large independent RIA in Atlanta.

“As our client base becomes increasingly sophisticated, Moneta recognizes the need to build out more advanced portfolios with a comprehensive suite of offerings,” said Aoifinn Devitt, Chief Investment Officer at Moneta. “We’re thrilled to welcome Andrew to the team. He is a seasoned alternatives professional with a wide range of experience in the RIA and institutional sector. His extensive network of alternative relationships will help better address emerging client demands.”

Kelsen will work in Chicago where he resides.


Moneta Group Investment Advisors, LLC is a registered investment advisor with $27.4 billion in assets under management, headquartered in the Midwest. 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. InvestmentNews ranked Moneta among the nation’s Top 10 largest fee-only RIAs for the fourth-straight year in 2021.

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.


Gregory FCA for Moneta
Erin Jacob, 610-200-0566

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