Baker Tilly Capital assists Moirai Wealth Management in a successful sale

Moirai Wealth Management (Moirai), since its founding in 1997 by owner Karen Schmid, is a boutique registered investment advisor that provides wealth management, tax planning, and family office services to high-net-worth and ultra-high-net-worth individuals and families. Moirai has $344 million in assets under management.

Client's need

After more than 25 years of providing the highest level of client service, owner Karen Schmid began to think about how Moirai could continue meeting the needs of clients and their families after her own retirement. To facilitate an orderly transition of her firm, Karen engaged Baker Tilly Capital to help her both find the right home for her clients as well as capture the value she had created in Moirai.

Baker Tilly Capital solution and results

During the Baker Tilly Capital sale process a number of strategic and private equity buyers were contacted in order to find the right partner for Karen going forward. Baker Tilly Capital guided Karen through the entire sale process and Karen met with more than a dozen potential partners and received a large number of offers for Moirai. Ultimately Karen selected RWA Wealth Partners, a portfolio company of Summit Partners, to move forward with in a transaction.