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Asset/Investment Management
FINANCIAL | Asset/Financial Management
ceritypartners.com

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About Cerity Partners

Cerity Partners operates as a national registered investment advisory firm that serves high-net-worth individuals and their families, businesses and their employees, and non-profit organizations from its offices across the country. It is based in New York, New York.

Cerity Partners Headquarter Location

335 Madison Ave 23rd Floor

New York, New York, 10017,

United States

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Latest Cerity Partners News

RIA Deals Top 200 in Record-Shattering Year

Nov 29, 2021

November 30, 2021 - Advertisement - The number of mergers and acquisitions among registered investment advisors has topped 200 in 2021, making it a record-shattering year for RIA deals — and with advisors still a month away in the new year. This year’s RIA M&A deal volume is up 45% as compared to 2020, which was a record-setting year in itself, according to the U.S.’s research. - Advertisement - “Last year, we had a big increase to 159” [deals], “says the firm’s founder David DeVoe. “And yet, here we are, crossing the 200 mark. It’s a surprise.” According to DeVoe, several long-running trends—increasing valuations, an influx of well-capitalized buyers and an aging advisory workforce have contributed to the booming M&A market among RIAs. - Advertisement - “I’ve been doing it for 18 years, and today’s pool of buyers is the strongest I’ve ever had,” he says. “Buyers have sophisticated management teams, and they have virtually unlimited capital.” David DeVoe Illustration by Kate Copeland In recent years, private-equity firms and banks have been buying stakes in RIA, giving them funds to acquire other firms. So-called aggregators are also scouting smaller RIAs to get maximum scale. Those factors have always created great advisory firms. For example, Cerity Partners said last week that it had merged with San Francisco-based Bingham, Osborn & Scarborough. The deal boosts the West Coast presence of Cerity Partners, which it says now offers advice on more than $40 billion in client assets. Firm ranked 14th baron’s Top 100 RIAs for 2021. advisory newsletter advisory daily A collection of our key stories from the day, delivered every evening. Stay on top of the latest advisory news, community commentary and opinions from industry leaders. Preview subscribe In addition to the longstanding factors that fueled RIA M&A deals, Devo adds two other highlights to this year: the COVID pandemic, which may have prompted some advisors to cash out and enjoy retirement, and taxes. Is. According to DeVoe, given the possibility that Democratic control of Congress and the White House could lead to higher taxes, some advisers decided this year was an opportune time to sell. “We saw a huge increase in seller activity, with sellers reaching out to us saying ‘I want to make a deal before the end of the year.’ This is a one-time big event for 2021,” he says. Devo anticipates a flurry of deal announcements before December 31. For the next year, M&A activity will likely maintain a warm momentum, he says. Write to Andrew Welsh at [email protected] ,

Cerity Partners Acquisitions

5 Acquisitions

Cerity Partners acquired 5 companies. Their latest acquisition was Bingham, Osborn & Scarborough on November 23, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/23/2021

Loan

$1.5M

Merger

2

1/21/2020

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$99M

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10

1/14/2020

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$99M

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10

5/2/2019

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$99M

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10

4/2/2019

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$99M

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10

Date

11/23/2021

1/21/2020

1/14/2020

5/2/2019

4/2/2019

Investment Stage

Loan

Companies

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Valuation

Total Funding

$1.5M

$99M

$99M

$99M

$99M

Note

Merger

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Sources

2

10

10

10

10

Cerity Partners Team

7 Team Members

Cerity Partners has 7 team members, including current Chief Executive Officer, President, Kurt Miscinski.

Name

Work History

Title

Status

Kurt Miscinski

Chief Executive Officer, President

Current

Chris Curtis

Chief Financial Officer

Current

Larry Sussman

CIT Group, Patient Care, Bear Stearns, Deutsche Bank, Centennial Ventures, and Merrill

Chief Financial Officer

Current

Kevin Hilden

Chief Operating Officer

Current

Robert Seco

Chief Compliance Officer

Current

Name

Kurt Miscinski

Chris Curtis

Larry Sussman

Kevin Hilden

Robert Seco

Work History

CIT Group, Patient Care, Bear Stearns, Deutsche Bank, Centennial Ventures, and Merrill

Title

Chief Executive Officer, President

Chief Financial Officer

Chief Financial Officer

Chief Operating Officer

Chief Compliance Officer

Status

Current

Current

Current

Current

Current

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