Cerity Partners merges with $4.8 billion ARGI Financial

Cerity Partners, a New York-based aggregator of registered investment advisors, announced Tuesday it is merging with ARGI Financial, an asset management firm that controls $4.8 billion in assets, according to the latest ADV form.

Based in Louisville, Kentucky, ARGI was founded in 1995 and employs 250 professionals.

Cerity said in a statement that the deal will expand 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.”

According to the latest ADV, Cerity controls $49.5 billion in assets.

Last June, private equity firm Genstar Capital recapitalized Cerity.

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