Modera Wealth Management Expands to West Coast via Acquisition of RS Crum
Modera Wealth Management has announced a transaction with Newport Beach-based RS Crum Inc., marking the firm's first expansion into the West Coast market. The acquisition brings approximately $750 million in assets under management and a team of nine professionals into Modera's national platform. The deal includes key leadership from RS Crum—Mark Rylance, Jon Theriault, and Daniel Sexton—who will join Modera as wealth managers and principals. This move establishes bicoastal operations for Modera, allowing the firm to better serve its existing Southern California client base while creating a foundation for further regional growth. Modera, which oversees $20 billion in assets under advisement, intends to leverage its AI-enabled operating platform and deep investment resources to support the newly integrated team. Turkey Hill Management acted as the exclusive advisor to RS Crum during the transaction.
Topics: Acquisition Assets Under Management Business Expansion Wealth Management