Modera Wealth Management (Modera) and Independence Advisors (IA) merged on 30 December, 2020. The firm now operates under the name of Modera Wealth Management, with combined regulatory assets under management of approximately USD4.4 billion, over 1,900 clients across 40 states, 81 employees, and an office presence in Massachusetts, New Jersey, Pennsylvania, Georgia, North Carolina, and Florida.
Modera Wealth Management (Modera) and Independence Advisors (IA) merged on 30 December, 2020. The firm now operates under the name of Modera Wealth Management, with combined regulatory assets under management of approximately USD4.4 billion, over 1,900 clients across 40 states, 81 employees, and an office presence in Massachusetts, New Jersey, Pennsylvania, Georgia, North Carolina, and Florida. IA Principals Charles Boinske, CFA, Mark Rioboli, CFP, CFS, and Patrick Runyen, CPA/PFS, CFP continue as Principals of the combined firm, bringing the total number of employee-owners to twenty and positioning Modera Wealth Management strongly for multi-generational stability.
Both firms share a history rooted in transparency and a client-first philosophy. Independence Advisors was named after its commitment to the independent, fee-only model. Like IA, Modera was founded on the premise of unbiased financial advice in the best interest of clients.
“This merger is a natural partnership of two firms rooted in independence and transparency,” says Charles Boinske, CFA, Founder of Independence Advisors. “We believe this synergy will enhance the experience we can provide to all of our clients.”
The merger of the two firms adds a depth of talent and specialisation in areas such as tax planning, estate planning, and business retirement planning, as well as enhanced client service capabilities and state-of-the-art technology that will allow the firm to serve many different types of clients and their changing needs.
Adds Robert Siefert, CFP, President and Principal of Modera, says: “Growing our firm in order to better serve clients, as well as offer additional resources and opportunities to our staff, is important to us.”
