Moneta Group, led by CEO and Chairman of the Board Eric Kittner, ramps up M&A efforts while maintaining strong dedication to advisor talent and specialized client service.
Moneta Group, based in St. Louis, is one of the largest RIAs in the country. The exclusively fee-only firm manages over $32 billion in assets and offers comprehensive wealth services to HNW clients, families and institutions. Moneta’s differentiated team-based approach allows clients to have access to multiple advisors with varying specialities and ages. The firm’s team structure helps the firm connect and serve multiple generations of clients and their families. Moneta is made up of over 150 advisors with specialities ranging in tax, estate, wealth, retirement, divorce planning or investment management
Kittner, who first joined Moneta in 2003 but was announced as the firm’s next generation CEO in 2018, was tasked to oversee a new phase of growth. Since 2018, Moneta Group has transitioned from a midwestern powerhouse to a nationally regarded top RIA with a presence in the west, midwest, and east coast. During that time, the RIA moved to an M&A growth-focused strategy and has added more than $12B in AUM.
Moneta Group is ranked #7 on this year’s Top 100 ETF Power Users List with over $2.56B in ETF assets across 162 ETFs, 20 issuers and 38 sectors (as of 12/31/22). The firm has added more than $1.5B in aggregate ETF assets since the end of 2020. View More
The 2023 RIA Channel Top 100 RIA ETF Power Users Ranking showcases wealth management firms based on their aggregate total firm ETF assets.
RIA Database identified and ranked RIA wealth management firms using the most exchange traded funds (ETFs). Wealth managers were defined by the following characteristics: 1) total assets were primarily managed for high net worth and non-high net worth individual clients; 2) each firm provides comprehensive wealth management services; 3) firms may be a family office or may provide family office services; and/or 4) firms may provide financial planning services. Broker/dealers were excluded. Firms must be domiciled in the United States and registered with the SEC as a registered investment adviser (RIA). Wealth managers were then ranked based on ETF usage as reported to the SEC per their 13F quarterly Edgar filings as of December 31, 2022. Total ETF assets were aggregated by RIA Database (RIADatabase.com). Assets under management are as reported to the SEC as of December 31, 2022.
RIA Database® is the leading provider of advisor data, profiles and prospecting software for the financial services industry. They manage current and historical profiles on over one million advisors across all channels: the RIA Channel, broker/dealers, family offices, foundations, institutional investors and banks. They are producers of the Forbes Top RIA list for over ten years and provide surveys and rankings for several industry publications as well.
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To view the full Top 100 ETF Power Users List, head here.