RWA Wealth Partners, a leading national independent boutique wealth management firm that currently manages $18 billion in client assets, has made a significant strategic move by acquiring Moirai Wealth Management. Moirai, based in San Francisco, is an independent registered investment advisor (RIA) that oversees $344 million in assets under management.
Founded in 2000 by Karen M. Schmid, CFA, Moirai Wealth Management has built a reputation for providing personalized and effective wealth management solutions. The firm focuses on serving high-net-worth and ultra-high-net-worth individuals and families, helping them identify their financial goals and craft tailored strategies. The expertise of Moirai’s team has made them a trusted partner for clients seeking comprehensive financial planning and investment management services.
This acquisition not only strengthens RWA’s footprint on the West Coast but also enhances its capacity to serve clients in California. The West Coast presence now includes two locations and a combined workforce of 14 professionals, integrating the four-member team from Moirai into RWA’s operations. This move reflects RWA’s commitment to expanding its offerings and client base in this key market.
RWA has major growth plans, with the establishment of a new office in downtown San Francisco scheduled for Fall 2025. This new location aims to enhance further client service and accessibility in one of the nation’s most vibrant financial hubs.
KEY QUOTES:
“I knew from the moment I met Karen and her team that we were meant to be partners. We are both aligned strongly in our values and in our dedication to providing a high-touch client experience. Karen has built an outstanding firm over the past 25 years, and we are excited to welcome her and her team to our expanding Family Office division. Acquisitions like Moirai will be a key part of our growth strategy as we continue to build RWA into one of the consequential boutique wealth management firms in the country.”
Michelle Knight, CEO of RWA Wealth Partners
“RWA is a nationally recognized firm with an excellent reputation in the family office sector. Joining this organization will enable us to expand our expertise in investment management, tax, and trust and estate planning, while collaborating with an exceptional team. This is an exciting day for both our firm and our clients.”
Karen M. Schmid
