Updated
Updated · InvestmentNews · Jul 15
Modera Wealth Names New CIO and COO at $17.5 Billion RIA After $311.6 Million Deal
Updated
Updated · InvestmentNews · Jul 15

Modera Wealth Names New CIO and COO at $17.5 Billion RIA After $311.6 Million Deal

3 articles · Updated · InvestmentNews · Jul 15

Summary

  • Modera Wealth Management appointed Gaurav Mallik as chief investment officer and Shelly Kapoor as chief operating officer, filling two top roles at the $17.5 billion registered investment adviser.
  • Mallik will lead investment strategy, portfolio allocation and governance from Boston, while Kapoor will oversee operations from Westwood as Modera expands its investment offerings, technology platform and national footprint.
  • George Padula, the longtime CIO, plans to retire at the end of 2026 and will stay through year-end for the transition; Kapoor replaces Harli Palme, who moved to director of learning and development.
  • Mallik joins from Fiducia Advisors after prior roles at Pallas Capital and nearly 20 years at State Street, while Kapoor comes from Coldstream and earlier served as COO at Arnerich Massena.
  • The leadership reshuffle follows Modera's acquisition last month of Northstar Financial Planners, which added $311.6 million in assets and expanded the firm's presence in Florida.

Insights

How will the new CIO make complex private investments accessible to Modera's thousands of clients nationwide?
As Modera scales past $17.5B, can its technology truly preserve its promised 'high-touch' client experience?
Can Modera's tech overhaul outpace the SEC's tightening cybersecurity and AI compliance demands for 2026?