US-based wealth management group Cerity Partners has merged with compatriot SOL Capital Management, an independent advisory firm.
Financial specifics of the deal remain undisclosed.
The deal will see Rockville, Maryland-based SOL Capital adopt the Cerity Partners name going forward.
Download sample pages of selected reports
Explore a selection of report samples we have handpicked for you. Get a preview of the insights inside. Download your free copy today.
The agreement is intended to expand Cerity Partners’ reach within Maryland and add to the firm’s advisory and investment service capacity.
Houlihan Lokey was the exclusive financial advisor for SOL Capital in relation to the transaction, while Nelson Mullins provided legal advice.
SOL Capital Management CEO and chairman of the board Rajmiel Odinec said: “Since our founding in 1987, SOL Capital Management has focused on disciplined investment management and long-term client relationships.
“Becoming part of Cerity Partners allows us to expand the depth of resources supporting our investment process while maintaining continuity for the clients we serve.”
SOL Capital Management, established in 1987, specialises in portfolio management and serves individuals, families, and institutional clients.
The firm has a client base that includes those with complex investment needs, particularly high-net-worth and ultra-high-net-worth individuals and families.
Cerity Partners was founded in 2009 and offers a range of services including investment management, tax planning, retirement strategies, and financial planning for individuals, families, business owners, and nonprofit entities.
Cerity Partners Partner and head of partner development Claire O’Keefe stated:
“SOL Capital Management’s experienced team is dedicated to serving the best interests of their clients for generations to come, which aligns strongly with Cerity Partners’ vision.
“Together, we are well positioned to deliver sophisticated solutions for our clients across multiple markets, including expanding our capabilities in the greater Washington, DC metropolitan area.”
Unlock up to 35% savings on GlobalData reports
Use the code at checkout in the report store
-
20% OFF
Buy 2 reports
Use code:
Bundle20
-
25% OFF
Buy 3 reports
Use code:
Bundle25
-
30% OFF
Buy 4 reports
Use code:
Bundle30
-
35% OFF
Buy 5+ reports
Use code:
Bundle35
Valid on all reports priced $995 and above. Cannot be combined with other offers.
Still deciding what will work best for your business?
Ask our experts for help.
Enquire before buying
