RWA Wealth Partners Enhances Presence with Moirai Acquisition
RWA Wealth Partners, a national independent and boutique wealth management firm, continues to solidify its position in the wealth management sector with the recent acquisition of Moirai Wealth Management. This strategic move introduces approximately $344 million in new client assets to RWA's portfolio, furthering its mission to provide outstanding services tailored to family office needs.
RWA Wealth Partners, known for managing around $18 billion in client assets, expressed enthusiasm about this expansion. "From the first meeting with Karen Schmid and her team, I recognized our shared values and commitment to offering a personalized client experience," said Michelle Knight, CEO of RWA Wealth Partners. This partnership is not merely a consolidation of assets; it's a union of like-minded firms dedicated to client success.
Moirai Wealth Management, established by Karen M. Schmid, CFA, in the year 2000, was created to offer customized wealth management solutions to high-net-worth individuals and their families. The firm has built a strong reputation for delivering exceptional services to discerning clients seeking guidance in reaching their financial goals.
In expressing her excitement about the acquisition, Schmid remarked, "Joining RWA will greatly enhance our expertise in several critical areas, including investment management and estate planning. Working alongside such a stellar team will certainly benefit our clients as we move forward. Today marks a significant milestone for Moirai."
The acquisition notably boosts RWA Wealth Partners' footprint on the West Coast, now boasting two offices and a team of 14 employees in California, inclusive of four from Moirai. There are plans underway to open a new office in downtown San Francisco, slated for Fall 2025. This expansion reflects RWA's commitment to growing its operations and enhancing client services in key markets.
The completion of this deal underscores RWA Wealth Partners' strategy to acquire firms that align with its vision of elevating client services and expertise. The firm remains focused on its goal of transforming into a leading boutique wealth management provider throughout the country.
About RWA Wealth Partners: RWA is recognized as one of the largest woman-led registered investment advisory firms in the United States, entrusted with $18 billion in assets under management. The firm prides itself on a profound commitment to assist individuals and families in fostering and sustaining their wealth across generations. RWA Wealth Partners operates multiple offices nationwide, which include locations in Boston, Newton, Chicago, Traverse City, Costa Mesa, and the San Francisco Bay Area.
For those interested in learning more about RWA Wealth Partners, additional information is available at their official website.
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Frequently Asked Questions
What recent acquisition did RWA Wealth Partners make?
RWA Wealth Partners has acquired Moirai Wealth Management, adding $344 million in new client assets.
What is the purpose of this acquisition?
The acquisition aims to enhance RWA's capabilities in providing personalized wealth management services to clients.
Who founded Moirai Wealth Management?
Moirai Wealth Management was founded by Karen M. Schmid, CFA, in the year 2000.
What benefits does this acquisition bring to RWA clients?
Clients will benefit from expanded expertise in investment management, estate planning, and comprehensive wealth management services.
Where will RWA open a new office?
RWA plans to establish a new office in downtown San Francisco in Fall 2025.
