Moran Wealth Management, an investment management practice based in Naples, Florida, has announced its launch as an independent registered investment advisor. A boutique financial advisory practice with over $4 billion of assets under management (AUM) as of 5/31/22*, MWM provides comprehensive investment services for its sophisticated investors through personalized and customizable strategies. The firm believes this shift affirms MWM’s commitment to offering the top independent advice to its clients.
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“As an independent RIA, we can prioritize the needs of our clients and our unwavering standard of excellence,” said Tom Moran, Chairman, CEO and CIO of Moran Wealth Management®. “Embarking on this entrepreneurial journey is a critical step towards achieving our long-term vision as a true fiduciary for our clients.”
MWM was founded more than three decades ago and now encompasses a fast-growing team of over 36 dynamic employees, many of whom are equity partners. The team was listed among the Top 100 Private Wealth Teams by Barron’s in 2021, and Tom Moran has been named a Barron’s Hall of Fame Advisor, following a decade of consecutive accolades as a top advisor by the publication**.
“A driving factor in our decision to become an independent RIA has been our team’s unrelenting commitment to act in the best interests of our clients,” said Donald Drury, President, Moran Wealth Management®. “The extensive capabilities of our team are rooted in the expertise of its founding partners and its associates. As a result, the MWM team has a keen focus on client experience, balanced by a combination of cutting-edge technology and financial planning solutions, and deep expertise.”
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BNY Mellon’s Pershing (“Pershing”), a leading provider of clearing and custody solutions, will serve as MWM’s custodian of choice. The relationship with Pershing transpired following extensive research into their track record of strength and stability. MWM believes Pershing’s values will complement their firm’s objective to provide an unparalleled client experience.
“Becoming an independent RIA is a major milestone for an advisory firm, that signifies long-term strategic vision and the capacity for growth,” said Sean Keenan, Co-Head, Business Development, Wealth Solutions, BNY Mellon’s Pershing. “We are proud to support Moran Wealth Management® as they take this important step in their journey to independence.”
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