Massachusetts RIA managing $625 million merges into Moneta

The Berry Group, a Worcester, Massachusetts-based registered investment adviser managing $625 million, has merged into Moneta, a St. Louis-based RIA managing almost $24 billion.

The expansion marks Moneta’s first foray into the Northeast, the firm said in a release.

Moneta expects to expand into other markets “where like-minded advisors who appreciate the concept of shared equity in a member-owned RIA express interest in joining,” Eric Kittner, the firm’s managing partner and chairman, said in the release.

[More: RIAs led in a year of recruiting slowed by the pandemic]

The managing principals of The Berry Group, Sarah Berry and Michael Machnowski, will become partners at Moneta.

[Slideshow: Top 10 firms for adviser moves]

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The post Massachusetts RIA managing $625 million merges into Moneta appeared first on InvestmentNews.

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