Moneta Group financial advisors: what are the pros and cons?

1 min read by Unbiased team Last updated August 30, 2024

Find out whether Moneta Group has the services and benefits needed to help you manage your finances successfully.

Summary 

  • Moneta Group is a leading independent RIA that offers personalized wealth management focusing on high-net-worth individuals and families. 

  • The firms’ services include comprehensive financial solutions encompassing investments, planning, taxes, estates, and family office support. 

  • Unbiased can match you with the ideal financial advisor for your specific financial needs. 

Moneta Group financial advisors: who are they? 

Moneta Group is a leading independent financial advisory firm established in 1869.  

As one of the oldest financial services companies in the US, the Moneta Group team is well-established in the Midwest and has a solid reputation backed by years of expertise.  

As a Registered Investment Advisory (RIA) firm, Moneta now manages over $37.4 billion in client assets and is 100% employee-owned. 

What does Moneta Group do? 

Operating as a fiduciary, Moneta Group provides asset management services tailored to the needs of high-income clients. Their personalized approach encompasses crafting investment strategies aligned with individual risk profiles and goals.  

They also offer holistic financial planning, covering areas like retirement, education, and estate planning, ensuring clients have a roadmap for their financial future.  

Their expertise extends to tax optimization strategies and family office support, simplifying financial complexities for busy individuals and families.  

By fostering long-term relationships, Moneta Group acts as a trusted partner, guiding clients through various life stages and financial challenges. 

What are the pros and cons of Moneta Group? 

It's important to consider both the Moneta Group benefits you can expect and the potential drawbacks of signing up for their services. 

Pros of Moneta Group: 

  • Fiduciary duty: Client interests are prioritized, minimizing conflicts. 

  • Comprehensive services: Wide array of financial services under one roof. 

  • Personalized approach: Tailored solutions for individual needs. 

  • Strong reputation: Proven track record and industry recognition. 

Cons of Moneta Group: 

  • High minimums: Significant asset requirements for access. 

  • Limited geographic reach: Primarily concentrated in the Midwest. 

What financial services do Moneta Group offer? 

In the realm of investment management, Moneta Group goes beyond generic portfolio allocation. They take the time to understand each client's unique risk tolerance, financial goals, and time horizon, creating personalized investment strategies that aim to maximize returns while minimizing unnecessary risks. 

This also makes them stand out as a provider of holistic wealth management services, primarily catering to the multifaceted financial needs of high-net-worth individuals and families.  

Their offerings extend beyond simple investment advice, encompassing a broad spectrum of expertise designed to secure and enhance their clients' financial well-being.  

Their unique client offerings also make Moneta Group careers particularly sought-after among financial professionals. 

What fees do Moneta Group offer? 

Moneta Group primarily operates on a fee-only basis, meaning they don't earn commissions from selling financial products. This ensures transparency and alignment with client interests. 

Their fees are typically asset-based, calculated as a percentage of the assets they manage. The percentage often decreases as the assets under management increase. This tiered structure can benefit clients with larger investment portfolios.

What technology do Moneta Group use? 

Moneta Group's technologies include secure client portals for information and communication, financial planning software to model and analyze financial scenarios, investment research and analytics platforms to support decision-making, risk management and compliance tools to monitor and protect, and robust cybersecurity measures to safeguard client data.  

By embracing the latest technologies, they strive to deliver better client experiences, improve operational efficiency, and remain at the forefront of the financial services industry. 

Moneta Group security: is it secure? 

Moneta Group prioritizes security through a multifaceted approach. To protect sensitive information, they utilize secure client portals, robust cybersecurity measures, and data encryption. Employee training, access controls, and compliance adherence strengthen their security framework. 

While acknowledging that no system is foolproof, Moneta Group's proactive measures instill confidence in clients, assuring them of their commitment to safeguarding financial data. 

Do Moneta Group have good customer service? 

Moneta Group's values emphasize building and maintaining strong, long-term client relationships, hinting at a dedication to providing excellent service. 

The firm's recognition as a finalist for the 2023 WealthManagement.com Industry Awards in the Client Initiative category, specifically for its innovative approach to client communication and engagement, further reinforces this commitment. 

Get expert financial advice 

Moneta Group offers personalized wealth management services that include investments, planning, taxes, estates, and family office support.  

To get expert financial advice, let Unbiased match you with an SEC-regulated financial advisor who can provide guidance based on your income, net worth, and financial goals.  

Writers

Unbiased team

Our team of writers, who have decades of experience writing about personal finance, including investing and retirement, are here to help you find out what you must know about life’s biggest financial decisions.