Moneta Merges in New Jersey RIA, Expanding National Footprint

ST. LOUIS--(BUSINESS WIRE)--Sep 16, 2025--

Moneta Group Investment Advisors, LLC (“Moneta”), one of the nation’s largest independent, partner-owned Registered Investment Advisor (RIA) firms, announced today that Lane Hipple Wealth Management Group (“Lane Hipple”), a respected New Jersey-based RIA with about $418 million in assets under management as of December 31, 2024 on their latest regulatory filing and approximately $520 million AUM as of September 15, 2025, has joined Moneta as its newest Partner team.

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This strategic partnership marks another milestone in Moneta’s ongoing national expansion, which has seen the firm grow from its St. Louis roots to a presence in Denver, Kansas City, Boston, Chicago, and Boulder, with assets under management now exceeding $42 billion.

“As we looked toward the future, we knew we needed to find a way to grow and scale responsibly, serve clients even better, and ensure long-term sustainability,” said Tom Lane, III about the reasoning behind the move. “We explored many options. Some of the first conversations we had were with private equity-backed firms. While they offered attractive financial terms, something didn’t sit right. Those discussions felt transactional—focused more on dollars than on people. It felt like we’d be selling our soul. And that’s not who we are.”

Moneta’s growth has been driven by teams like Lane Hipple who prioritize their independence, client experience, and future growth over an immediate payout. Firm owners are also attracted to Moneta’s genuine commitment to independence and commitment to staying advisor-owned.

“Once we met Moneta, something felt different. Moneta is a 100% partner-owned, completely independent firm…no private equity, no outside shareholders, just a group of like-minded professionals who believe in putting clients first, always,” Andy Hipple said. “Their values mirrored ours. Their culture felt familiar. And their vision for the future aligned with everything we’ve built at Lane Hipple. This wasn’t an acquisition. It was a partnership.”

Moneta’s CEO and Chairman, Eric Kittner, welcomed the new team, saying, “Lane Hipple exemplifies the kind of partner we seek—advisors who put clients first, value independence, and are committed to building relationships that last. We’re excited to support Lane Hipple’s deeply personal commitment to clients with our national platform and world-class resources.”

This latest partnership continues Moneta’s national expansion, which began in 2019. The firm has nearly tripled its assets under management over the past decade, growing from $14.5 billion AUM at the end of 2015 to $42.7 billion AUM at the end of 2024.

Moneta’s independence from private equity and commitment to partner ownership are unique among RIAs of its size and scale. Offering both resources and autonomy to its advisors, the firm plans to continue establishing selective partnerships with successful, high-net-worth advisory teams who share Moneta’s client-first philosophy.

“Our vision is to build a national firm that empowers advisors to serve clients across multiple generations, without sacrificing the entrepreneurial spirit or personal touch,” said Keith Bowles, Moneta’s Chief Operating Officer. “Our partnership structure ensures every advisor has a voice and ownership in our collective future."

About Moneta

Moneta Group Investment Advisors, LLC is a fee-only, partner-owned RIA headquartered in St. Louis, MO, with offices nationwide and more than $42.7 billion in assets under management as of December 31, 2024.

Moneta is dedicated to empowering successful families, organizations, and foundations to navigate life’s path and protect what they cherish, delivering personalized attention backed by the resources of a national firm.

Moneta announced Tom Lane, III (left), Tom Lane, Jr. (center), and Andy Hipple as the their newest Partners on Tuesday, September 16, 2025 by merging in Lane Hipple Wealth Management Group to expand the RIA's national footprint to New Jersey.

NEW YORK (AP) — Thousands of New York City nurses returned to the picket lines Tuesday as their strike targeting some of the city’s leading hospital systems entered its second day.

Union officials say roughly 15,000 nurses walked off the job Monday morning at multiple campuses of three hospital systems: NewYork-Presbyterian/Columbia, Montefiore Medical Center and Mount Sinai.

The affected hospitals have hired droves of temporary nurses to try to fill the labor gap. Both nurses and hospital administrators have urged patients not to avoid getting care during the strike.

New York City, like the U.S. as a whole, has had an active flu season. The city logged over 32,000 cases during the week ending Dec. 20 — the highest one-week tally in at least 20 years — though numbers have since declined, the Health Department said last Thursday.

Roy Permaul, an intensive care unit nurse who was among those picketing in front of Mount Sinai's flagship campus in Manhattan, said he and his colleagues are prepared to walk off the job as long as needed to secure a better contract.

But Dania Munoz, a nurse practitioner at Mount Sinai, stressed that the union’s fight wasn’t just about better wages.

“We deserve fair pay, but this is about safety for our patients, for ourselves and for our profession,” the 31-year-old Bronx resident said. “The things that we’re fighting for, we need. We need health care. We need safety. We need more staffing.”

The New York State Nurses Association said Tuesday that none of the hospitals have agreed to additional bargaining sessions with the union since their last meetings on Sunday.

It also complained that Mount Sinai, which operates seven hospitals, unlawfully fired three nurses hours after the strike started and improperly disciplined 14 others who had spoken out about workplace violence or discussed the union and contract negotiations with their colleagues.

Mount Sinai spokespersons said Tuesday the claims were “not accurate” and that they would provide more information later. Mt. Sinai has said approximately 20% of its nurses reported for work on the first day of the strike rather than picketing.

Meanwhile, Montefiore Medical Center said it has “not canceled even one patient’s access to care” during the work stoppage. The city Emergency Management Department said it hasn’t seen major impacts to patient care so far.

The hospital system also criticized unionized nurses for seeking “troubling proposals” such as demanding that nurses not be terminated, even if found to be compromised by drugs or alcohol while on the job.

The union said Montefiore was “blatantly mischaracterizing” one of its basic workplace proposals, which would have added protections for nurses dealing with substance use disorders and which has already been adopted in other hospitals around the state.

The labor action comes three years after a similar strike forced medical facilities to transfer some patients and divert ambulances.

As with the 2023 labor action, nurses have pointed to staffing issues as a major flashpoint, accusing the big-budget medical centers of refusing to commit to provisions for safe, manageable workloads.

The private, nonprofit hospitals involved in the current negotiations say they’ve made strides in staffing in recent years and have cast the union’s demands as prohibitively expensive.

On Monday, the city's new mayor, Zohran Mamdani, stood beside nurses on a picket line outside NewYork-Presbyterian, praising the union’s members for seeking “dignity, respect and the fair pay and treatment that they deserve.”

Nurses strike in front of Montefiore Hospital in the Bronx borough of New York, Tuesday, Jan. 13, 2026. (AP Photo/Seth Wenig)

Nurses strike in front of Montefiore Hospital in the Bronx borough of New York, Tuesday, Jan. 13, 2026. (AP Photo/Seth Wenig)

Nurses strike outside New York-Presbyterian Hospital, Monday, Jan. 12, 2026, in New York. (AP Photo/Yuki Iwamura)