RWA Wealth Partners Acquires Moirai Wealth on West Coast

Deal News | Aug 19, 2025 | EIN

RWA Wealth Partners has made a strategic acquisition of San Francisco-based Moirai Wealth Management, overseeing $344 million in assets. This acquisition marks RWA's return to inorganic growth since its merger in 2023 with Adviser Investments, thereby boosting its presence on the West Coast. CEO Michelle Knight emphasized the alignment of values with Moirai's team, led by founder Karen Schmid, in enhancing client experiences. Meanwhile, Merit Financial Advisors has strengthened its foothold in Texas through the acquisition of Global Wealth Advisors, managing $860 million in assets, marking its forty-first acquisition in recent years. Concurrent Asset Management has strategically partnered with Catherine Avery Investment Management to enhance its portfolio management and research capabilities. These strategic moves reflect the evolving landscape and growth strategies within the wealth management sector.

Sectors

Wealth Management
Financial Advisory Services

Geography

United States – The article primarily involves U.S.-based firms expanding within various states, including California, Texas, Pennsylvania, and Florida, detailing the geographical expansion of these financial advisory companies.

Industry

Wealth Management – The article discusses acquisitions and strategic growth within the Wealth Management sector, focusing on the expansion and strategies of wealth management firms like RWA Wealth Partners and Merit Financial Advisors.
Financial Advisory Services – The companies involved are engaged in providing financial advisory services, including investment management, tax planning, and asset management, highlighting their role in the broader financial advisory industry.

Financials

344 million – Assets under management by Moirai Wealth Management prior to its acquisition by RWA Wealth Partners.
860 million – Assets under management by Global Wealth Advisors prior to its acquisition by Merit Financial Advisors.
18 billion – Total client assets managed by RWA Wealth Partners after the acquisition of Moirai Wealth Management.
20 billion – Total assets managed by Merit Financial Advisors following its acquisition spree.
7.5 billion – Regulatory assets under management reported by Concurrent Asset Management, aiming to reach $10 billion by year-end.

Participants

Name	Role	Type	Description
RWA Wealth Partners	Acquirer	Company	A boutique wealth management firm resulting from a merger between Ropes Wealth Advisors and Adviser Investments.
Moirai Wealth Management	Acquired Company	Company	A San Francisco-based RIA overseeing $344 million in assets, acquired by RWA Wealth Partners.
Merit Financial Advisors	Acquirer	Company	A financial advisory firm engaged in multiple acquisitions to expand its presence across the United States.
Global Wealth Advisors	Acquired Company	Company	A Texas-based firm with $860 million in client assets, recently acquired by Merit Financial Advisors.
Concurrent Asset Management	Company	Company	A wealth management firm forming strategic partnerships to enhance its portfolio management capabilities.
Catherine Avery Investment Management	Partner Firm	Company	An independent investment management firm specializing in portfolio strategies for women and retirees.
Michelle Knight	CEO of RWA Wealth Partners	Person	Michelle Knight is the CEO of RWA Wealth Partners, advocating for acquisitions as part of the firm's growth strategy.
Karen Schmid	Founder of Moirai Wealth Management	Person	Founder of Moirai Wealth Management, acquired by RWA Wealth Partners, contributing to the firm's expertise in investment management.
Kris Maksimovich	President of Global Wealth Advisors	Person	President of Global Wealth Advisors, joining Merit Financial Advisors as a regional director.
Kay Lynn Mayhue	President of Merit Financial Advisors	Person	President of Merit Financial Advisors, emphasizing the strategic significance of the GWA acquisition.