On November 21, 2024, Modera Wealth Management, LLC announced that it acquired Bay Point Wealth.
Modera Wealth Management, LLC (“Modera”) announced, on November 21, 2024, that it acquired Bay Point Wealth (“Bay Point”). Bay Point founder Bill Hufnell will join Modera as a wealth manager and principal. Further terms of the transaction were not disclosed.
Modera, based in Westwood, New Jersey, is a registered investment advisor offering fee-only, comprehensive wealth management for individuals, families, retirement plan sponsors and non-profit institutions to clients nationwide. As of September 2024, Modera had approximately $12.5 billion in assets under management.
Bay Point, based in Annapolis, Maryland, is a registered investment advisor providing fee-only financial planning, and investment management services to high-net-worth individuals and families. As of September 2024, Bay Point had approximately $467 million in assets under management.
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