DENVER — One month after Moneta opened its first Denver office in the Cherry Creek area, the $20 billion investment firm has acquired Denver-based RIA Dunston Financial Group. 

“Moneta and Dunston are culturally aligned in providing comprehensive financial advice that is client-first and fee-only,” Moneta’s managing partner and chairman of the board Eric Kittner, said in the news release. “By partnering with Moneta, Dunston will access the resources and support they needed to continue offering exceptional service to their growing number of clients without giving up independence. At Moneta, they’ll benefit from our scale and infrastructure while keeping autonomy within their team.”

Terms of the deal were not disclosed.

In March, Moneta’s team revealed that the firm is opening its first office outside of the St. Louis metro in 150 years in Denver. Headquartered outside of St. Louis in Clayton, Missouri, Moneta is the Midwest’s largest fee-only registered investment advisor in assets and the ninth largest in the nation, according to InvestmentNews. The firm opened its Denver office at 200 Columbine St. on Sept. 3.

Click/tap here to read more on Moneta's recent acquirement at Denver Business Journal.

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