Modera Wealth Management announced that it has completed a transaction with Northstar Financial Planners, a registered investment adviser based in Plantation, Florida. The transaction adds $311.6 million in assets under management to Modera and expands the firm’s presence in Florida.
Founded in 2000, Northstar provides fee-only fiduciary advice, long-term financial planning, and specialized guidance for pre-retirees, Florida Retirement System special risk employees, and families of children with special needs. The firm serves more than 350 households, mostly in Florida.
Northstar Founder and CEO Allen Giese will join Modera as a wealth manager and principal. The deal brings Northstar’s team into a national wealth management platform with broader investment, financial planning, tax advisory, technology, and operational resources.
Modera said the transaction supports long-term succession planning for Northstar while preserving the firm’s client relationships and planning philosophy. The addition also strengthens Modera’s ability to serve clients throughout Florida and the broader Southeast.
Modera currently has an office in Inverness, Florida. Following the Northstar transaction, the firm serves more than 6,300 clients across 18 offices and oversees $17.5 billion in assets under management.
Modera provides wealth advisory, financial planning, investment management, and tax services to individuals, families, nonprofit institutions, and retirement plan sponsors. The firm has operated with a client-first culture since its founding in 1983 and is majority-owned by employee-shareholders.
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“Allen and his team were intentional and thoughtful about how they built Northstar’s planning practice with a dedicated commitment to fiduciary advice. We spent a great deal of time together making sure this was the right cultural and philosophical match, and we’re pleased to welcome Northstar’s clients and professionals to Modera as we continue to grow our presence in Florida.”
Tom Orecchio, CEO of Modera
“By joining Modera, our clients gain access to additional investment, financial planning, tax advisory, and technology resources. We look forward to having expanded career paths, resources, and long-term opportunities for our team, which also will ultimately benefit our clients. We’ve grown to a point where having a sound, durable succession plan isn’t optional. It’s responsible. Joining Modera helps ensure the future of the firm is not dependent on any one individual, and it preserves the relationships and planning philosophy that our clients value.”
Allen Giese, Founder and CEO of Northstar
