RIA Modera Wealth Management Acquires $750M Firm in California

Registered investment advisory firm Modera Wealth Management has acquired a California-based wealth management firm, establishing the firm’s entry into the West Coast. 

Newport Beach, CA-based RS Crum, which oversees about $750 million in assets under management, was founded in 1976 and is led by Mark Rylance, Jon Theriault, and Daniel Sexton. 

As part of the transition, Rylance, Theriault, and Sexton have joined Modera as wealth managers and principals. 

The firm provides financial planning, investment management, retirement planning, insurance solutions, estate and trust planning, and educational savings to more than 250 households, according to Modera’s website. 

The nine-person team marks Modera’s third transaction for the year. 

“Our partnership with Modera opens exciting new opportunities for our team, and it lets Jon, Dan and I spend less time running a business and more time doing what we love, which is working with our clients,” said Rylance. 

In August, Modera added financial advisor Aaron Lieberman, who launched Albany-based Marathon Wealth Management, which oversees about $155 million in assets under management. 

New Jersey-based Modera Wealth Management oversees $20 billion in assets under management as of the end of September. In 2021, the firm sold a minority stake to TRIA Capital Partners. 

Pictured: Daniel Sexton (Left), Mark Rylance (Middle), and Jon Theriault (Right)