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Moneta Group Investment Advisors Review

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Moneta Group Investment Advisors

Moneta Group Investment Advisors, LLC

Primarily serving high-net-worth individuals and institutions, Moneta Group Investment Advisors specializes in providing family office and institutional advisory services. The firm is headquartered in St. Louis, Missouri, and has branches in Clayton, Missouri, and Denver. The team of 130 financial advisors manages more than $23 billion in assets under management (AUM). 

Moneta leads our list of the top investment advisors in St. Louis.

Moneta Group Investment Advisors Background

Moneta Group Investment Advisors has a long 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 designations, the most prominent are certified financial planners (CFP) and certified public accountants (CPAs). Other credentials held by advisors at Moneta include:

  • Chartered financial analyst (CFA)
  • Accredited wealth management advisor (AWMA)
  • Accredited investment fiduciaries (AIF)
  • Personal financial specialists (PFS)

Moneta Group Investment Client Types and Minimum Account Sizes

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

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 Investing 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.

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.

Some advisors at the firm do earn commissions. This is a potential conflict of interest, explained below.

Moneta's fees are lower than the average fee for financial advising nationwide, which is 0.95%, according to a 2018 study of 1,500 firms by RIA in a box. Learn more about advisors' typical costs here

 

What to Watch Out For

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

One thing to note: Some employees are licensed insurance agents and earn sales commissions. This can present a potential conflict of interest. That said, the firm is a fiduciary, meaning it is bound to act in clients’ best interests.

Opening an Account With Moneta Group Investment Advisors

To contact the firm, go to its website and submit your phone number, email and a message. Alternately, you can call the office closest to you to make an appointment. The website provides each office's phone number.

All information is accurate as of the writing of this article.

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How Long $1mm 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 We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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