Modera Wealth Management Acquires Parsec Financial
May 1, 2023
Modera Wealth Management has acquired the Parsec Financial team, bringing Parsec's Asheville-based advisory practice into Modera and creating a combined firm with over $10.5 billion AUM and more than 180 employees across 14 East Coast offices. The transaction was completed with backing from Modera's existing minority equity partner, TRIA Capital Partners; Parsec leadership will take senior roles within Modera.
- Buyers
- Modera Wealth Management, LLC, TRIA Capital Partners
- Targets
- Parsec Financial
- Industry
- Wealth Management
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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