Cerity Partners, a prominent independent wealth firm, is further extending its reach in Colorado.
The top-ranked RIA announced its merger on Thursday with Janiczek Wealth Management, a Denver-based advisory firm that caters to high- and ultra-high-net-worth clients.
The deal, which will see Janiczek operating under the Cerity Partners banner moving forward, reinforces its strategic growth in the region and enhances its ability to offer comprehensive services to affluent clients.
"We are thrilled to welcome Janiczek's highly credentialed and experienced team to Cerity Partners," Claire O'Keefe, partner and head of partner development at Cerity Partners, said in a statement. "They have a proven track record of delivering highly specialized, integrated, and personalized wealth management services to affluent private clients for over three decades."
Joseph Janiczek, the namesake founder of Janiczek Wealth Management, highlighted the partnership's potential to "[expand] our ability to serve high- and ultra-high-net-worth private clients."
"Our 34 years headquartered in Colorado, collaborating with wonderful clients, charities, business leaders, investment bankers, family offices, and distinguished law and accounting practices in the region, is only enhanced by this synergetic partnership," the veteran said.
This move adds to Cerity Partners' previous transactions in Denver, including Wealth Legacy Institute and Keating Wealth Management. Together, these combinations have added approximately $1.4 billion in AUM to the firm’s portfolio.
Cerity Partners' integration with Janiczek comes in the aftermath of its partnership with Touchdown Ventures, through which Cerity has opened a new "venture capital as a service" for private clients. Last month, the firm also welcomed Mariner Wealth Advisors alum Todd Cassler as its first-ever chief growth officer,
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
