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September 11, 2014updated 04 Apr 2017 2:00pm

Modera Wealth merges with Joseph Capital Management

Modera Wealth Management, a US-based wealth management firm, has merged with an independent advisory firm, Joseph Capital Management (JCM).

By Verdict Staff

Modera Wealth Management, a US-based wealth management firm, has merged with an independent advisory firm, Joseph Capital Management (JCM).

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The merged firm will have more $1.5 billion in assets under management (AuM) and the collaboration will brings Modera’s total number of principals to nine.

The merger of JCM will boost Modera’s AUM by $176 million.

Following the merger, John Ceparano, founder of Joseph Capital Management, Sally Long, JCM wealth manager and Michael Tringali will join Modera as a principal and JCM will operate under the Modera brand.

Through this merger, Modera is seeking to upgrade its technology and facility structure as well as develop a formalized executive structure by end of this year.

In addition, Modera is also planning to open other offices along the Eastern Seaboard and is also considering opportunistic mergers or acquisitions in the region.

The merged firm will have a team of 43 employees, including 28 financial professionals.

Ceparano said: "We started collaborating before the merger as like-minded people committed to using the best qualities of both firms, and continued from there."

"The fact that Modera had already been through a successful merger, had established best practices and proven to be collaborative in nature meant a lot to me," added Long.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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