Moirai Wealth Management

Moirai Wealth Management

Moirai Wealth Management was established in San Francisco in 2000 by Karen M. Schmid, CFA, who built the firm around a fiduciary duty to high-net-worth individuals, families, trusts, and private foundations. The practice grew from Schmid's earlier experience at a multinational bank and a boutique investment firm, converting her observation that independent counsel could better align with multi-generational wealth preservation into a Registered Investment Advisor. Moirai positions itself as a coordinator across a client's entire financial picture, integrating the work of tax accountants, attorneys, bankers, and insurance specialists. The firm manages customized equity portfolios for individuals and families, employing a top-down analysis that starts with an assessment of the overall economy, identifies favored sectors, and then selects individual companies with growth potential at reasonable valuations. Portfolios emphasize long‑term core holdings of individual securities. Beyond investment management, Moirai directs client capital into tax‑sensitive strategies that incorporate charitable donations and endowment funds, with a stated focus on minimizing taxes while maximizing after‑tax returns. Services span retirement planning, estate planning, and generational wealth transfer, with concierge support woven throughout. Geography is concentrated in the United States, with all advice and execution run from a single appointment‑only office in San Francisco. The internal team rotates around Schmid, COO Aloe J. Driscoll, and independent investment consultant Kate Schapiro, whose 41‑year career includes roles at Wells Fargo, Strong Capital Management, and Sentinel Investments. Total headcount is six professionals, supported by outside consultants such as technology lead Matt Light. The firm has not disclosed assets under advisement or total deployment. In August 2025, Moirai Wealth Management joined RWA Wealth Partners, moving its advisory book into a larger national firm while maintaining its San Francisco client service team. Moirai's original architecture rested on a fully independent RIA model that explicitly rejected single‑platform or proprietary‑product constraints. The 2025 combination with RWA Wealth Partners upends that pure independence, replacing it with a hybrid structure where the legacy Moirai team operates inside a broader firm's platform but continues to pursue the same client‑centric, fiduciary-driven investment philosophy. How the team reconciles its historical independence with a larger parent's centralized resources will define the firm's next chapter.