Private equity firm Genstar Capital has led a recapitalization of Cerity Partners, a New York-based registered investment adviser managing $44.7 billion.
Financial terms of the recapitalization were not disclosed but a spokesman for Genstar said the firm now has a majority stake in Cerity.
Lightyear Capital, which has been an investor in Cerity Partners since 2017, will continue to be an investor in the firm, San Francsico-based Genstar said in a press release Monday.
Genstar currently has approximately $35 billion of assets under management. The firm targets investments, such as Cetera Financial Group, which are focused on targeted segments of the financial services, healthcare, industrials, and software industries.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
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.
