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.
With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.
LPL Financial is a bellwether for the broader financial advice marketplace.
The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.
The quartet of deals across New York, Florida, Ohio, and New Mexico reinforces the fast-growing integrator's leading position in the independent space.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
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.
