Cerity Partners, one of the nation's leading independent financial advisory firms, announced today that it has merged with New York-based wealth management firm EMM Wealth. With this merger, Cerity Partners now manages approximately $26 billion in assets....This expanded team enables Cerity Partners to enhance its service offerings for clients in New York and across the country. As of January 1, 2020, EMM Wealth has taken on Cerity Partners' name and branding.
Cerity Partners was named as one of the top 300 registered investment advisers in the US by the FT. After increasing between 2015 and 2018, the median advisory company in this sixth annual FT 300 Top Registered Investment Advisers list managed $1.7bn in assets — the same level as last year. The overall AUM of the FT 300 advisers did rise, though, from $1.1tn to $1.2tn.
Cerity Partners is expanding its ultra-high-net-worth footprint to Texas and Colorado.Formerly known as HPM Partners, Cerity will acquire Karsten Advisors, a Fort Worth-based wealth management firm with $500 million in client assets. This is the first acquisition for the firm since merging in April with the Blue Prairie Group, an $11 billion retirement and investment consulting firm. The merger allows the national RIA, backed by a 50% equity stake from private equity firm Lightyear Capital, to expand into the Fort-Worth and Denver markets, as it continues to grow its network for ultra high-net-worth clients.
Cerity Partners, one of the nation's leading independent wealth management and investment advisory firms, announced today that it will merge with Blue Prairie Group, a prominent retirement and investment consulting firm. With this merger, Cerity Partners will now advise on more than $21 billion in client assets. Headquartered in Chicago, Blue Prairie Group is a fee-only registered investment advisor serving retirement plan sponsors, foundations, endowments and private clients.
HPM Partners, a prominent wealth management firm, announced today that it has changed its name to Cerity Partners. Cerity Partners operates with a mission to positively impact the financial well-being of its clients by delivering objective financial advice.