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 39% 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. The Chicago location is overseeing $500 million in AUM.
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. “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 CEO Eric Kittner. “It’s a simple story to tell: Our growth allows us to invest in the services we provide and creates opportunity for our industry-leading talent. Chicago strengthens our national reach and will allow us to grow both organically and inorganically in a market we already have a strong client presence in.”
