ST. LOUIS—January 27, 2015—A primary goal of any financial advisor is to ensure that clients are prepared for their future; however, it is common in the industry that advisors do not plan for the future of their own business with the same attention.
At Moneta Group, LLC (“Moneta”), Principal advisors take care to develop succession plans for their team by implementing strategies that allow younger advisors to become more intimately involved with new and existing client relationships.
This plan is evident in the recent naming of three “Gen Next” Principals, Kara Harmon, CFP®, CPA, AWMA®, CRPC® of the Sadler Team, and Coleman Sheehan, CPA, MSA and John Steffens, CPA, MBA of the Blair Team, effective January 1, 2015.
“We are committed to building a sustainable business model that provides our clients the peace of mind that we will be here for generations to come,” says Sheehan. “This business model also allows the many young, talented employees of Moneta to achieve their aspirations and grow in their career.”
In order to assist with these continuity plans and encourage consultants to continue their professional growth, Moneta Group offers a unique ‘Professional Consultant-to-Principal Program.’
“Kara, Coleman, and John have set a strong example for others to follow,” says Gene Diederich, Chief Executive Officer of Moneta Group. “They have all achieved and exceeded the requirements outlined in our PC-to-Principal Handbook and I am thrilled to see them continue to grow.”
Attaining Principal status at Moneta is no easy task, but to Harmon, Steffens, and Sheehan it is worth all of the hard work.
“Working for Moneta is more than a job,” says Harmon. “We truly care about our clients, and I take great satisfaction in seeing their goals fulfilled and in going the extra mile to ensure they are attained.”
Harmon has been with Moneta since 2001 as part of the Sadler team. She has a strong background in accounting and family wealth planning, which allows her to develop enduring, multi-generational relationships with her clients based on trust and understanding. In order to develop a comprehensive plan that will lead to success, she strives to fully understand every aspect of a family’s financial situation. Harmon is Moneta’s eighth female Principal.
Sheehan and Steffens are both members of the Blair team. Sheehan started with Moneta in 2008 and brought a unique combination of skills to the table; he began his career as an auditor for PriceWaterhouseCoopers in their investment management and audit division out of Boston; there he learned strong technical expertise and acquired his CPA. Throughout his tenure at Moneta, Sheehan has developed the expertise necessary to provide high quality service to a vast array of clients both locally and internationally, developing extensive knowledge in executive compensation and benefit plans, cross border taxation and estate planning, and the various complexities new and small business owners face.
Steffens started his career at Arthur Anderson as a consultant for patent litigation and then joined the Blair team in 2002; over the last 13 years he has developed strong relationships by always putting the client first. Using his experience and expertise, he strives to help clients develop financial plans that incorporate their values and interests and helps them achieve their goals. He has truly helped to grow the Blair team during his tenure as a Professional Consultant.
“I consider it an honor to be named a Principal at Moneta Group,” says Steffens. “This organization has always stated that if you put the client first in everything you do, then success will follow. Moneta is a very special place to work and I want to thank everyone, especially Jim Blair, who gave me the opportunity to succeed.”
The addition of these three Principals raises Moneta’s number of Principals to 41. To learn more about Moneta Group and its services, please visit monetagroup.com or call 314-726-2300.