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Modera Wealth Management
Modera Wealth Management was founded in 1983 by fee-only advisors. The firm grew through a series of acquisitions of other registered investment advisors,...
Overview
Modera Wealth Management was founded in 1983 by fee-only advisors. The firm grew through a series of acquisitions of other registered investment advisors, including Independence Advisors in 2020, Parsec Financial in 2023, and Bay Point Wealth in 2024. The firm allocates across public equities, private equity, real estate, and direct co-investments. Confirmed holdings include positions in Vanguard ETFs and individual names such as Apple and Microsoft. It maintains exposure across North America, Europe, Asia, and other regions through fund commitments and SPVs. TRIA Capital Partners holds a minority stake and supports acquisition activity. Modera maintains offices in multiple states and employs credentialed professionals for planning services. It operates Modera Cares as its philanthropic vehicle. November 2024 marked the acquisition of Bay Point Wealth. The firm belongs to NAPFA and the Financial Planning Association. Ownership structure centers on founder-led governance with external capital from TRIA Capital Partners. This hybrid model supports both organic growth and tuck-in acquisitions of smaller advisory practices while preserving fiduciary standards.
General information
Firm type
Multi Family Office
Year founded
1983
Location
Region
North America
Country
United States
City
Westwood
Corporate office
56 Jefferson Avenue, Westwood, NJ 07675
Additional offices
Boston, MA · Asheville, NC · Atlanta, GA · Charlotte, NC · McLean, VA · Wayne, PA · Inverness, FL · Sarasota, FL
Principals
Tom Orecchio
CEO and Principal
Rick Manske
Chief Growth Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Modera Wealth Management?
Tom Orecchio serves as CEO and Principal. Rick Manske acts as Chief Growth Officer following the Parsec Financial acquisition.
Does Modera Wealth Management participate in fund commitments or only direct deals?
The firm provides advice on private placement investments and maintains confirmed exposure to fund-of-funds vehicles alongside direct co-investments.
How is Modera Wealth Management related to TRIA Capital Partners?
TRIA Capital Partners holds a minority equity stake and has co-invested in multiple acquisitions of other RIAs since 2020.
What investment stages does Modera Wealth Management typically target?
The firm covers buyout, early-stage seed, start-up, expansion, and venture strategies through its allocation mix.
How does Modera Wealth Management source proprietary deal flow?
Deal flow arises through acquisitions of other advisory firms and relationships with custodians and technology providers such as Charles Schwab and Fidelity.
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