The deal expands Modera’s Florida presence and adds 350 households to its client base under a fee-only fiduciary model.
Modera Wealth Management has acquired Northstar Financial Planners, adding $311.6m in assets under management. The deal strengthens Modera’s footprint in Florida, where Northstar serves over 350 households with fee-only fiduciary advice.
Northstar, founded in 2000, specializes in retirement planning and support for Florida Retirement System employees and families with special needs. The acquisition follows Modera’s existing operations in Inverness, Florida, and integrates Northstar’s team into its network.
Allen Giese, Northstar’s founder, will join Modera as a wealth manager and principal, citing succession planning as a key driver. The move aims to secure long-term stability for Northstar’s clients and staff.