Modera Wealth Management Sells Minority Stake to Tria Capital, Adds $1.3B RIA One day after merging with Independence Advisors, Modera Wealth Management sold a minority stake of its firm to Tria Capital Partners.
Modera Wealth Management, a fee-only and independently owned firm based in Westwood, N.J., merged with Independence Advisors, the company announced. The RIA also sold a minority, noncontrolling piece of the company to Tria Capital Partners, a financier of RIA mergers and acquisitions and succession planning that is run by former Fiduciary Network partners.
The merger deal closed on Dec. 30, 2020, while the deal with Tria closed the next day.