RWA Wealth Partners, a national boutique wealth management firm overseeing $18 billion in client assets, has expanded its West Coast footprint through the acquisition of Moirai Wealth Management, a San Francisco-based independent registered investment advisor (RIA) managing $344 million in assets.
“I knew from the moment I met Karen and her team that we were meant to be partners. We are both aligned strongly in our values and in our dedication to providing a high-touch client experience,” said Michelle Knight, CEO of RWA Wealth Partners. “Karen has built an outstanding firm over the past 25 years, and we are excited to welcome her and her team to our expanding Family Office division. Acquisitions like Moirai will be a key part of our growth strategy as we continue to build RWA into one of the consequential boutique wealth management firms in the country.”
Moirai Wealth Management was established in 2000 by Karen M. Schmid, CFA, with a focus on offering customised wealth management services for high-net-worth and ultra-high-net-worth individuals and families.
Ms Schmid described the move as a milestone for her firm. “RWA is a nationally recognized firm with an excellent reputation in the family office sector. Joining this organization will enable us to expand our expertise in investment management, tax, and trust and estate planning, while collaborating with an exceptional team. This is an exciting day for both our firm and our clients,” she said.
Following the deal, RWA’s California presence now includes two offices and 14 employees, among them Moirai’s four-person team. The firm has confirmed plans to open a new San Francisco office in autumn 2025. The transaction officially closed on 15 August 2025.
About RWA Wealth Partners
With $18 billion in assets under management, RWA Wealth Partners is an independent wealth management firm and one of the largest woman-led registered investment advisers in the nation. RWA Wealth Partners has a rich history of serving individuals and families to help create and sustain wealth for generations. The firm has offices across the country, including Boston, Newton, MA, Chicago, Traverse City, MI, Costa Mesa, CA, and the San Francisco Bay Area.
