Expansion of Tax Services at Modera Wealth Management Through Acquisition of Ferrentino & Associates

Modera Wealth Management Expands Tax Services Through Acquisition of Ferrentino & Associates

Modera Wealth Management, known as a fee-only wealth management firm, recently announced its strategic acquisition of Ferrentino & Associates. This partnership will bolster the tax capabilities offered by Modera, a firm that manages approximately $15 billion in assets. The move is seen as a significant step towards enhancing the services available to their individual, family, and business clients, particularly those categorized as high-net-worth individuals.

Founded in New Jersey, Ferrentino & Associates has earned a commendable reputation in the realm of tax planning and consulting services. Their expertise spans areas crucial for small business owners, estates, and trusts, setting a solid groundwork in tax-related matters. The firm's leader, Gary Ferrentino, brings over three decades of experience in this domain. His extensive background promises a seamless integration into Modera's existing operations, providing clients with a refined scope of tax service offerings.

In his new capacity as the Director of Tax Services at Modera, Gary aims to lead the evolution of the firm's tax planning strategies while working in direct collaboration with investment advisors. This movement towards unified service is expected to foster an environment of open communication, ensuring that financial needs are met comprehensively and cohesively. According to Gary, "It is vital that investment advisors and accountants communicate effectively; our history of sharing mutual clients reflects the benefits of this collaborative approach."

Furthermore, Gary outlines a vision for the future of the tax practice that extends beyond traditional tax services. By integrating estate administration and additional financial services, clients can expect a more vast assortment of resources at their disposal. This broadening of horizons represents a commitment to adapting to market needs and seizing opportunities for growth that come from shared insights and professional development.

Tom Orecchio, CEO of Modera, is equally enthusiastic about the partnership. Their professional history, spanning over 25 years, solidifies a foundation of trust and shared goals. Orecchio expressed that the formalization of their partnership is set to deliver essential benefits through seamless planning across investments, taxes, and estate strategies. He emphasized that such integration is not merely an added value but a vital aspect of effective fiduciary wealth management.

With this acquisition, Modera clients gain access to a wealth of sophisticated tax guidance and accounting advisory services. This enhancement signifies Modera’s dedication to providing an integrated service model that holistically addresses client needs. The firm's robust infrastructure supports over 6,000 clients nationwide, reinforcing its strong foothold in the wealth management industry.

Modera Wealth Management is dedicated to creating a lasting impact not only for its clients but also for its employees and community stakeholders. The firm's client-first culture, a cornerstone since its establishment in 1983, aligns well with the values that Ferrentino & Associates brings into the fold. As both teams work together, they will ensure that their joint efforts yield invaluable outcomes for their clientele.

As they advance into the future, Modera and Ferrentino & Associates represent a powerful alliance in the wealth management sphere. Clients can anticipate improved offerings and enhanced financial strategies as they navigate the complexities of wealth management together. To learn more about their expanded tax services and comprehensive wealth management offerings, visit Modera Weath Management.

Conclusion

The acquisition of Ferrentino & Associates is poised to mark a transformative chapter in Modera Wealth Management's journey. With an enhanced focus on tax services and a commitment to collaborative client service, the firm is well-positioned to continue leading in the wealth management industry. The integration symbolizes not only growth but also a deepened dedication to client-centric, fiduciary practices that prioritize holistic financial well-being.