Modera Wealth Management, LLC is a large advisory firm based in Westwood. It manages $2.39 billion of regulatory assets for 5,824 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Connecticut, and 20 other states.
Modera Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Modera Wealth Management, LLC is $2.39 billion. The firm's AUM has grown by 148% since the beginning of its operation, and $11.63 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Modera Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Modera Wealth Management is high net worth individuals with 741 clients and $1.88 billion of assets under management. Among the 8 most similar advisory firms, Modera Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.39 billion for 1,408 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Modera Wealth Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 69 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 38 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Mark Anthony Willoughby has served as the Chief Investment Officer since 1 Jan 2011 and Robert David Siefert is the Chief Executive Officer of Modera Wealth Management, LLC family office. Adam Joseph Leone joined the executive team most recently as the Elected Manager.
The principal office where Modera Wealth Management, LLC performs its advisory services is located at 56 Jefferson Avenue, Westwood, NJ 07675, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (201) 768-4600 or by fax (201) 768-1111. The normal business hours are 9:00am to 5:30pm on Monday - Friday. You can find more information about the New York firm at moderawealth.com.