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Moneta Group Investment Advisors Review

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Moneta Group Investment Advisors

Moneta Group Investment Advisors is a fee-based financial advisor firm in Clayton, Missouri, that has more than $20 billion in assets under management (AUM). The firm has 120 financial advisors on staff. It primarily serves high-net-worth individuals, families and institutions. This has led to family office and institutional advisory services becoming the firm’s main focuses.

Moneta Group Investment Advisors Background

Moneta Group Investment Advisors has a strong history in the St. Louis area. The firm opened its doors in 1933 in response to the Great Depression. Today, chairman Eric Kittner, CFO Mike Costabile, CIO William Hornburger, CCO Nathan Howard and COO Keith Bowles run Moneta. The firm is a subsidiary of Moneta Group, LLC, a financial services holding company.

The team at Moneta Group has an abundance of advisory certifications. Although the team boasts well over 150 certifications, the most prominent are certified financial planners (CFP) and certified public accountants (CPA). The team includes:

  • 86 certified financial planners (CFP)
  • 35 certified public accountants (CPA)
  • 11 chartered financial analysts (CFA)
  • Nine accredited wealth management advisors (AWMA)
  • Eight accredited investment fiduciaries (AIF)
  • Seven personal financial specialists (PFS)

What Types of Clients Does Moneta Group Investment Advisors Accept?

Moneta Group Investment Advisors primarily works with individuals, high-net-worth individuals, families, trusts and estates. However, institutional investors are also major focus of the firm. This sect of Moneta Group’s client base includes pension plans, profit-sharing plans, charitable organizations, businesses and banks.

Moneta Group Investment Advisors Minimum Account Size

The services of Moneta Group Investment Advisors are available to all levels of investors, as the firm does not have a minimum investment requirement.

Services Offered by Moneta Group Investment Advisors

Moneta Group Investment Advisors offers a number of advisory services. The firm divides its offerings by client type, which in this case is individuals/families and institutions. Check out the full list of the firm’s offerings below:

  • Family CFO
    • Financial planning
    • Financial management and independence
    • Short-term and long-term money management
    • Income tax planning
    • Investment planning
      • Discretionary and non-discretionary options
      • Rebalances and portfolio reviews at least once a year
    • Risk management and insurance analysis
    • Estate planning
    • Business succession planning for high-net-worth individuals
  • Family office services
    • Financial education
    • Tax minimization
    • Gift planning
    • Bank loan negotiation
    • Philanthropic planning
    • Bill pay
    • Family financial reporting
    • Concierge services
  • Institutions
    • Retirement plan consulting and other services
      • Plan participant enrollment
      • Plan participant education
      • Review of plan’s asset allocation models and investment goals
      • Plan benefit consulting
    • Concierge services
      • Bill pay
      • Bookkeeping 
      • Payroll

Moneta Group Investment Advisors Investment Philosophy

Investment policy statements are at the core of Moneta Group Investment Advisors’ advisory relationships. The firm’s investment policy statements detail each client’s risk tolerance, liquidity needs and time horizon, which then shape the firm’s plan for each client’s portfolio. The firm will also include both economic and tax considerations in its plan analysis to ensure that it is as holistic as possible.

Moneta Group typically uses fixed-income securities, equities and various alternative investments in client portfolios. Each investment type serves a specific role within a client portfolio. Generally, fixed income investments are used to lower the portfolio’s overall risk level while maintaining strong liquidity. Diversified equities are riskier, but they have the potential to produce higher returns. Lastly, alternative investments provide even more diversification throughout asset classes that are not necessarily correlated with equities.

Fees Under Moneta Group Investment Advisors

Moneta Group Investment Advisors negotiates fees with each client, so it does not have a standard rate for each of its services. The firm states, though, that its rate for its family CFO and family office services typically ranges between 0.50% and 1.00%. The firm charges a slightly lower rate for institutional services, as rates usually fall between 0.15% and 0.75%. In addition to asset-based fees, clients may also pay brokerage fees and other transaction costs.

According to Moneta, most clients pay fees through direct withdrawals from their accounts. However, clients do have the option to be billed separately.

What to Watch Out For

As a fee-based firm, Moneta Group Investment Advisors and some of its employees can earn additional compensation from sources other than the fees that its clients pay. Some of the firm’s advisors also act as licensed insurance agents, and they can earn commissions from the sale of insurance policies. Although this may present a conflict of interest, the firm is a fiduciary, meaning it’s bound to act in clients’ best interests.

Disclosures

Moneta Group doesn’t list any disciplinary or regulatory issues on its Form ADV filed with the U.S. Securities and Exchange Commission (SEC).

Opening an Account With Moneta Group Investment Advisors

If you live in the St. Louis area, you can stop by one of Moneta Group’s two locations to meet with an advisor and discuss becoming a client. You can also reach the firm to make an appointment by calling (314) 726-2300. Should neither of these routes work for you, another option is to visit the firm’s contact page on its website. You can fill out your information, and then an advisor will get in touch with you.

Where Is Moneta Group Investment Advisors Located?

Moneta Group Investment Advisors has two offices in Clayton, Missouri, which is in the St. Louis metro area. Its principal office is in Suite 500 at 100 South Brentwood Boulevard, while its other location is just down the road at 1 North Brentwood Boulevard, Suite 500.

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How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research