Cerity Partners Welcomes SBC Wealth Management
The addition of SBC Wealth Management expands Cerity Partners' wealth management offerings for affluent individuals and businesses. This merger contributes approximately $1 billion in assets under management (AUM) to Cerity Partners.
Highlights of the Merger
Cerity Partners, a prominent independent wealth management firm in the United States, has announced a significant merger with SBC Wealth Management, a firm that has been dedicated to serving affluent individuals and businesses for over 40 years. This partnership is poised to enhance Cerity Partners' footprint in the Midwest and improve its capabilities in financial planning and investment advisory services.
Client-Centric Focus
Claire O'Keefe, Partner & Head of Partner Development at Cerity Partners, emphasized the alignment of values shared by both firms. She stated, "SBC's longstanding experience and commitment to personalized client service parallels Cerity Partners' core values. Welcoming their talented team not only strengthens our regional presence but also enhances our ability to provide bespoke wealth management services to our clients."
Shared Expertise and Vision
Patrick Morrow, Chief Executive Officer at SBC Wealth Management, articulated the natural progression this merger represents for SBC. His statement, "Merging with Cerity Partners is a natural progression of our mission to provide exceptional wealth management solutions," reflects the commitment both firms have to prioritizing client needs. Together, they are set to deepen their wealth management capabilities, enabling them to assist clients in achieving their financial objectives more effectively.
The Role of Advisors
In a move that underscores the careful planning behind this merger, MarshBerry served as the exclusive financial advisor for SBC Wealth Management, while legal counsel was provided by Bose McKinney & Evans. This collaboration indicates a strategic approach to ensuring a smooth transition for both firms and their clients.
About Cerity Partners
Founded in 2009, Cerity Partners has rapidly grown into a nationally recognized full-service wealth management firm. They cater to high-net-worth and ultra-high-net-worth individuals and families, as well as businesses and their leadership teams. The firm’s commitment to excellence and client satisfaction has positioned it as a leading player in the wealth management arena.
About SBC Wealth Management
Established in 1983, SBC Wealth Management has built a robust reputation over its 40 years of operation, providing comprehensive wealth management solutions tailored to both individuals and businesses. Their extensive experience enhances the service offerings that Cerity Partners can provide to its clientele.
Looking Ahead
As Cerity Partners continues to grow and evolve, this merger signifies an important step in its trajectory. By combining strengths with SBC Wealth Management, Cerity Partners is better equipped to meet the needs of clients looking for innovative and effective wealth management strategies.
Frequently Asked Questions
What does the merger between Cerity Partners and SBC Wealth Management entail?
The merger enhances Cerity Partners' wealth management offerings, adding substantial assets under management and strengthening its presence in the Midwest.
How will clients benefit from this merger?
Clients can expect more comprehensive services and a broader range of expertise in financial planning and investment advisory.
What are the core values shared by Cerity Partners and SBC Wealth Management?
Both firms emphasize personalized client service, community engagement, and a commitment to delivering exceptional results for clients.
What is the history of Cerity Partners?
Founded in 2009, Cerity Partners has quickly gained recognition as a full-service wealth management firm serving high-net-worth clients.
What experience does SBC Wealth Management bring to the table?
SBC Wealth Management has over 40 years of experience, specializing in providing tailored wealth management solutions to individuals and businesses.
