Moneta, a partner-owned and fee-only firm offering advisory services through its registered investment advisor, Moneta Group Investment Advisors, has opened its newest office location in Chicago.
Entering a fourth expansion market in four years represents a continuation of Moneta’s growth strategy. The St. Louis-based firm has grown assets by 61% following its first expansion into Denver in 2019. Now with $32.8 billion in assets under management, Moneta also has locations in the Kansas City and Boston metro areas, which opened in 2020 and 2021, respectively.
Chicago was a natural place for the RIA to establish an office, the firm said in a statement, noting it already had clients and employees in the area, its Denver location is at capacity and Kansas City has already doubled in size.
“Expanding our footprint to the Chicago market shows our existing client-base we are invested in the community and demonstrates our credibility in the city,” said Moneta COO Keith Bowles. “In the past four years, we’ve added a collective $12.6 billion in client AUM through the strategic addition of Denver, Boston, Kansas City, and now, Chicago offices. The move furthers our mission to enhance our processes, people and technology to ensure a top-notch client experience.”
“Our clients deserve a world-class experience and growth empowers us to provide a level of service they can’t find anywhere else,” said Eric Kittner, Moneta’s CEO and chairman of the board. “Chicago strengthens our national brand by inviting our established teams across the country to grow organically in the region.”