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.
The financial advice industry has been facing inquiries into its cash sweep programs for years now.
Investor money allegedly went to strip clubs, exotic cars, and landscaping
Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm
With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.
Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
