InvestmentNews reported that Modera Wealth Management, which the outlet describes as a fee-only registered investment adviser, has welcomed RS Crum, a Newport Beach, California firm with roughly $750 million in assets under management. Citywire RIA separately covered the transaction, reporting the same $750 million figure. The deal gives Modera its first office on the West Coast.
According to Modera's press release dated November 4, 2026, the transaction establishes bicoastal operations, and the entire RS Crum team of nine is joining Modera. Modera's own RS Crum page says the deal closed on October 31, 2026, and that the team will continue serving clients from the Newport Beach office. No price or revenue number was made public for the deal. The release did not say whether the two firms will keep separate names or give an integration timeline.
Turkey Hill Management acted as exclusive advisor to RS Crum on the transaction, according to Modera's release. The release names Mark Rylance, Jon Theriault and Daniel Sexton as RS Crum leaders joining Modera, and says they will serve as wealth managers and principals.
RS Crum was founded in 1976, and the release says it serves more than 250 households. According to its NAPFA listing, RS Crum presents itself as a fee-only practice, with most of its clients in Southern California and some in other parts of the U.S. An older RS Crum website statement put its assets under management at nearly $600 million, which predates the $750 million figure used in the deal announcements. Third-party Form ADV data aggregated by Retire.ly shows about $720.7 million in regulatory assets, 332 clients and nine staff, though that aggregation is not the filing itself and should be checked against the source document.
Modera was founded in 1983 and is headquartered in Westwood, New Jersey. According to CityBiz, the firm is majority owned by its employee shareholders. Modera's release says it had more than 6,300 clients across the country and oversaw $20 billion in assets under advisement as of September 30, 2026. Modera uses that phrase as its own term, which may differ from regulatory assets under management. Tom Orecchio is listed as chief executive in Modera's press release, and Joe McCuine as president, according to WealthManagement. Citywire RIA quoted Orecchio saying the firm has increased its dealmaking capacity and will keep targeting sellers on the West Coast. InvestmentNews also quoted him saying Modera works with clients across the country and has a number of clients in Southern California.
InvestmentNews reported that the RS Crum transaction marks a new phase in Modera's acquisition strategy, following two smaller additions the firm announced over the summer. The deal also arrives as Modera pushes its technology agenda. Modera launched its Mira AI platform on October 21, 2026, with OnTrade powering the AI layer, according to the firm's release. WealthManagement reported that Mira had been in use across the firm since July 2026, and that Modera says the platform will help incoming firms consolidate their data. InvestmentNews described the platform as part of the pitch Modera makes to advisors considering a sale.
Advisor counts for Modera vary across third-party directories, which list figures ranging from 106 to 121 advisors, and aggregator data showing $17.7 billion in assets is dated. Those figures are not verified here, and the firm's own published numbers are the more current reference points.