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Moneta Hires Director of Mergers and Acquisitions to Strengthen National Growth Plan Efforts 

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September 18, 2024

Moneta Hires Director of Mergers and Acquisitions to Strengthen National Growth Plan Efforts 

Independence from private equity positions the fee-only RIA to offer advisors the resources they need with the autonomy they want 

After expanding into five new locations over the past five years, Moneta continues to take steps to grow its national footprint with the hiring of Peter Brown as Senior Managing Director of Mergers and Acquisitions. Brown will partner with Shawn Paulk, who Moneta hired to the same position in 2023 when scaling up its M&A efforts. 

The addition of Brown, formerly a Senior VP at Wells Fargo Advisors, builds on the national growth plan and M&A process for Moneta, a 100% partner-owned fee-only firm offering advisory services through its registered investment adviser (RIA), Moneta Group Investment Advisors, LLC. 

“I’m here because Moneta is committed to M&A efforts and we see tremendous opportunity,” Brown said. “So much M&A activity in our industry has been driven by private equity and outside money. That’s created an opportunity for a firm like Moneta that can offer advisors and practices those kinds of resources but also make them part of the decision-making process. Moneta’s story of empowering advisors with both resources and autonomy resonates today more than ever.” 

To stay ahead of the RIA industry’s consolidation curve and protect its independence, Moneta began building its platform infrastructure in 2017 to support teams of Partners and Advisors growing into new markets beyond the firm’s St. Louis headquarters. In 2019, Moneta marked its 30th anniversary as a single-office RIA by announcing its first merger in conjunction with a new office in Denver.  

The firm continued the momentum by opening new offices in Kansas City (2020), the Greater Boston Area (2021), and Chicago (2022) before circling back to Colorado with another Denver merger (2023) and a new location in Boulder (2024). While supporting expansion, Moneta has more than doubled its assets under management (AUM) from $16.1 billion at the end of 2016 to $37.4 billion at the end of 2023.  

“We are seeing more and more practices and advisors that want to join Moneta,” CEO and Chairman Eric Kittner said. “Peter is here to help drive that growth. He reinforces our commitment to building a firm in which advisors have both the resources and the freedom to serve clients’ best interests as fiduciaries.” 

After making one major M&A deal a year for the past five years, Moneta hopes to increase that volume in the years ahead while remaining selective and measured with who they bring on as Partners. 

“We’re not a serial acquirer. We would lose our identity and culture if we did 10-15 deals a year,” added Moneta President and COO Keith Bowles. “Our firm is owned and operated by advisors for advisors. We feel that we have a unique offering in this competitive landscape unlike any other firm and therefore we need to take advantage of our uniqueness.” 


© 2024 Advisory services offered by Moneta Group Investment Advisors, LLC, (“MGIA”) an investment adviser registered with the Securities and Exchange Commission (“SEC”). MGIA is a wholly owned subsidiary of Moneta Group, LLC. Registration as an investment adviser does not imply a certain level of skill or training. The information contained herein is for informational purposes only, is not intended to be comprehensive or exclusive, and is based on materials deemed reliable, but the accuracy of which has not been verified.

Trademarks and copyrights of materials referenced herein are the property of their respective owners. Index returns reflect total return, assuming reinvestment of dividends and interest. The returns do not reflect the effect of taxes and/or fees that an investor would incur. Examples contained herein are for illustrative purposes only based on generic assumptions. Given the dynamic nature of the subject matter and the environment in which this communication was written, the information contained herein is subject to change. This is not an offer to sell or buy securities, nor does it represent any specific recommendation. You should consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. An index is an unmanaged portfolio of specified securities and does not reflect any initial or ongoing expenses nor can it be invested in directly. Past performance is not indicative of future returns. All investments are subject to a risk of loss. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets. These materials do not take into consideration your personal circumstances, financial or otherwise.

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