Cerity Partners merges with $4.8 billion ARGI Financial
The deal will enhance Cerity’s ‘workplace financial planning offering,’ according to a statement.
Cerity Partners, a New York-based aggregator of registered investment advisors, announced Tuesday that it merged with ARGI Financial, a wealth management firm that oversees $4.8 billion in assets, according to its latest Form ADV.
ARGI, based in Louisville, Kentucky, was founded in 1995 and has 250 professionals.
Cerity said in a statement that the deal will enhance its “national footprint and workplace financial planning offering,” and noted that many of ARGI’s client relationships were “developed through corporate relationships with Fortune 500 companies.”
Cerity oversees $49.5 billion in assets, according to its latest Form ADV.
Last June, private equity firm Genstar Capital led a recapitalization of Cerity.
‘IN the Nasdaq’ with Lloyd Nemerever, head of municipal bonds SMA strategies at Franklin Templeton
Learn more about reprints and licensing for this article.
