Modera Wealth Management, an independent fee-only financial advisory firm overseeing approximately $20 billion in assets under advisement, has completed a transaction with Newport Beach, California-based RS Crum, adding approximately $750 million in assets under management. The partnership establishes Modera’s first West Coast office and expands its geographic presence to both coasts of the United States.
Founded in 1976, RS Crum is one of the country’s early fee-only financial planning firms, with a 50-year history serving individuals and families.
The firm advises more than 250 households and operates with a team of nine professionals.
As part of the transaction, RS Crum’s team will join Modera, including firm leaders Mark Rylance, Jon Theriault, and Daniel Sexton, who will become wealth managers and principals.
The addition expands Modera’s capabilities in Southern California while providing an established local advisory presence for existing clients in the region.
RS Crum has developed its business around personalized financial planning, investment advice, and long-term client relationships.
Its fee-only structure emphasizes compensation arrangements based on advisory services rather than product commissions.
The firm has maintained a boutique approach to serving clients, combining individualized financial advice with longstanding relationships.
Joining Modera provides RS Crum’s advisers and clients with access to additional financial planning and investment resources.
These include expanded operational support, professional development opportunities, and Modera’s AI-enabled operating platform.
The arrangement is intended to reduce administrative responsibilities for RS Crum’s leadership, allowing its advisers to devote more time to client relationships and financial planning.
For Modera, the transaction adds a local team with an established reputation in a market where the company already serves clients.
The firm expects its Newport Beach presence to support existing Southern California households while creating opportunities for additional expansion across the West Coast.
Modera provides comprehensive wealth advisory, investment management, financial planning, and tax services to individuals, families, business owners, nonprofit organizations, and retirement plan sponsors.
As of September 30, 2026, the firm served more than 6,300 clients nationwide and oversaw approximately $20 billion in assets under advisement.
Modera was founded in 1983 and remains majority-owned by employee shareholders, an ownership model intended to align the interests of the organization with its professionals and clients.
The addition of RS Crum represents an expansion of the firm’s national wealth management platform while preserving the experience and relationships developed by the acquired team.
Turkey Hill Management served as exclusive adviser to RS Crum in connection with the transaction.
The partnership also reflects continued consolidation within the registered investment adviser industry as established firms seek additional operating resources, technology capabilities, and long-term succession solutions.
KEY QUOTES
“The heart of this partnership is a strong cultural fit between our firms. Our shared commitment to delivering a personalized, high-touch client experience has set the stage for a smooth integration and strengthens our ability to come together as one team. We work with clients across the country, and we have a number of clients in Southern California. With the addition of an experienced team based in Newport Beach and aligned with our firm’s values and planning philosophy, Modera will be well positioned to support our West Coast clients and identify new expansion opportunities.”
Tom Orecchio, CEO Of Modera Wealth Management
“RS Crum has been in business for 50 years, and we felt a real responsibility to find a partner who will keep doing things the way we always have: providing fee-only advice with a personal touch and a boutique feel. 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. It’s the start of a great next chapter for our clients and our team.”
Mark Rylance, Wealth Manager And Principal At Modera Wealth Management
