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Modera Wealth Management completes acquisition of Bay Point Wealth to enhance client capabilities and growth

Nov 21, 2024•8 months ago

Acquiring Company

Modera Wealth Management

Acquired Company

Bay Point Wealth

FinanceFinancial Services

Description

Modera Wealth Management, LLC (Modera) has announced its acquisition of Bay Point Wealth, a registered investment adviser firm with offices in Annapolis and Stevensville, Maryland. This acquisition aims to leverage enhanced client capabilities and opportunities for growth, combining Modera's comprehensive wealth management services with Bay Point's personalized, objective advice, and fee-only financial planning.

Company Information

Company

Modera Wealth Management

About

Since 1983, Modera's certified wealth management and fiduciary financial advisors have helped thousands of clients through investment management, estate planning, risk management, income tax strategy, retirement planning, and more. We are fee-only Registered Investment Advisers. True fiduciary financial consultants who make objective and transparent financial recommendations. Call today to see how we can help manage and grow your wealth.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed