{"id":618146,"date":"2026-10-02T05:32:15","date_gmt":"2026-10-02T05:32:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/618146\/"},"modified":"2026-10-02T05:32:15","modified_gmt":"2026-10-02T05:32:15","slug":"cerity-partners-merges-with-three-rias-managing-2-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/618146\/","title":{"rendered":"Cerity Partners Merges with Three RIAs Managing $2 Billion"},"content":{"rendered":"<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Cerity Partners, a New York-based registered investment advisor with more than $206 billion in client assets, has been on an acquisition tear this week, merging with three RIAs with a combined $2 billion in client assets.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Cornerstone Capital, a Palo Alto, Calif.-based RIA with $1.4 billion in assets under management, will join Cerity, in a move that deepens the firm\u2019s footprint in Silicon Valley.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Cornerstone was founded in 1978 under the name Petersen, Flynn &amp; Dinsmore, and it\u2019s owned by Brad Dinsmore, Mason Ford and M. Bradford Branson. The firm serves high-net-worth individuals and families, charitable foundations and endowments.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">\u201cAs we thought about the next chapter for our clients and our colleagues, we wanted a partner who would protect that philosophy while giving us more to offer,\u201d Dinsmore said in a statement. \u201cIn Cerity Partners, we found a firm that shares our values and gives our clients access to resources\u2014in tax planning, estate planning and beyond\u2014that we couldn&#8217;t offer on our own.\u201d<\/p>\n<p data-component=\"related-article\" class=\"RelatedArticle\">Related:<a class=\"RelatedArticle-RelatedContent\" href=\"https:\/\/www.wealthmanagement.com\/ria-news\/fidelity-to-raise-custody-asset-minimum-to-100m\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">Fidelity to Raise RIA Custody Asset Minimum to $100M<\/a><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Cerity has also merged with Echo Wealth Management, a Minneapolis-based RIA with $337 million in AUM and five colleagues. The deal marks Cerity\u2019s entry into the Minneapolis market.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Echo offers tax planning capabilities, as well as estate, insurance and investment planning.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">In a third deal, Cerity acquired Compass Wealth Management, an Atlanta-based RIA with about $320 million in AUM. Compass was founded in 2011 by Robert Amato and focuses on corporate executives, business owners and retirees in the Atlanta area.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">\u201cCerity Partners allows us to preserve the personalized planning, highly customized investment management, and close client relationships that define our firm, while strengthening the operations behind the scenes and adding broader tax and estate planning expertise,\u201d Amato said in a statement. \u201cIt also creates meaningful growth opportunities for our team.\u201d<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">The move also allows Cerity to expand its presence in the Atlanta community.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">This follows last week&#8217;s news that <a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link\" href=\"https:\/\/www.wealthmanagement.com\/ria-news\/cerity-partners-adds-14b-in-teams-from-shufro-rose\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">Cerity brought two advisory teams<\/a> (collectively managing $1.4 billion) from Shufro Rose into its fold. The Contant-Leit and Wacht Groups of Shufo Rose &amp; Co. will join forces under the Cerity brand.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Also last month, Cerity <a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link\" href=\"https:\/\/www.wealthmanagement.com\/ria-news\/cerity-partners-acquires-gilbert-cook-enters-iowa\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">penned an agreement to acquire Gilbert &amp; Cook<\/a>, a West Des Moines, Iowa-based wealth management firm with about $2 billion in client assets.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Cerity, founded in 2009, has been an active acquirer in the wealth management sector and is majority-owned by the private equity firm Genstar Capital, with minority ownership by employees and Lightyear Capital.<\/p>\n<p data-component=\"related-article\" class=\"RelatedArticle\">Related:<a class=\"RelatedArticle-RelatedContent\" href=\"https:\/\/www.wealthmanagement.com\/ria-news\/concurrent-makes-first-ria-platform-acquisition-with-5-4b-spire\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">Concurrent Makes First RIA Platform Acquisition With $5.4B Spire Investment Partners<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Cerity Partners, a New York-based registered investment advisor with more than $206 billion in client assets, has been&hellip;\n","protected":false},"author":2,"featured_media":618147,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":["post-618146","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/618146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=618146"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/618146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/618147"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=618146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=618146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=618146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}