Modera Wealth Management has expanded its network with the addition of Northstar Financial Planners, a Plantation, Florida-based RIA.
Financial terms of the deal remain undisclosed.
Northstar was established in 2000 and developed its business around fee-only fiduciary advice, long-range planning, and targeted support for people nearing retirement, Florida Retirement System special risk employees, and families with children who have special needs.
The firm works with more than 350 households, majority of them in Florida.
Through the deal, Modera adds $311.6m in assets under management, while increasing its footprint in Florida.
Northstar’s staff will become part of Modera.
Allen Giese, Northstar’s founder and chief executive, is set to join Modera as a wealth manager and principal.
Giese said: “By joining Modera, our clients gain access to additional investment, financial planning, tax advisory, and technology resources. We look forward to having expanded career paths, resources, and long-term opportunities for our team, which also will ultimately benefit our clients.”
Giese pointed to succession planning as being a key factor in the decision.
He added: “We’ve grown to a point where having a sound, durable succession plan isn’t optional. It’s responsible. Joining Modera helps ensure the future of the firm is not dependent on any one individual, and it preserves the relationships and planning philosophy that our clients value.”
Modera already operates an office in Inverness, Florida. The transaction is expected to add to its capacity to serve clients across the Southeast.
Modera serves more than 6,300 clients through 18 offices. As of 31 December 2025, it managed $17.5bn in assets.
Modera CEO Tom Orecchio said: “Allen and his team were intentional and thoughtful about how they built Northstar’s planning practice with a dedicated commitment to fiduciary advice. We spent a great deal of time together making sure this was the right cultural and philosophical match, and we’re pleased to welcome Northstar’s clients and professionals to Modera as we continue to grow our presence in Florida.”
“Modera adds over $300m in AUM with Northstar Financial deal” was originally created and published by Private Banker International, a GlobalData owned brand.
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