The Berry Group, a Worcester, Massachusetts-based registered investment adviser managing $625 million, has merged into Moneta, a St. Louis-based RIA managing almost $24 billion.
The expansion marks Moneta’s first foray into the Northeast, the firm said in a release.
Moneta expects to expand into other markets “where like-minded advisors who appreciate the concept of shared equity in a member-owned RIA express interest in joining,” Eric Kittner, the firm’s managing partner and chairman, said in the release.
The managing principals of The Berry Group, Sarah Berry and Michael Machnowski, will become partners at Moneta.
[Slideshow: Top 10 firms for adviser moves]
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
