M and A

Deals Of The Day: The Latest In Wealth Management M&A – RACEN, Moneta

Editorial Staff, September 23, 2022


The latest deals and transactions in and around North American wealth management.

RACEN, Moneta
RACEN Wealth Management, a five-person team that worked at Northwestern Mutual Wealth Management, has joined Moneta Group Investment Advisors

Peter Racen’s eponymous firm has joined the independent RIA as a partner, joining its Gast Freeman Troyer Team.

Attracted by the firm’s national reputation, fee-only structure, and multi-generational approach, Peter Racen has merged RACEN Wealth Management into Moneta and joined the independent RIA as a partner on the Gast Freeman Troyer Team.

The RACEN team comprises four partners; there are six Certified Financial Planners and two Certified Public Accountants.

The team’s footprint includes personnel in St Louis, Chicago, and the Washington DC area, with clients located across the country and internationally.

“I could do financial planning at any firm or pick up scale by adding anyone with a book of business; I chose Moneta because they offer so much more than that,” Racen, a 23-year industry veteran, said. “One big driver for us was Moneta being a fee-only RIA, where we could provide true fiduciary services.”

Midwest-based Moneta Group Investment Advisors has about $32.8 billion in assets under management as of December 31, 2021. 

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes