Cerity Partners, a leading independent wealth management firm in the U.S., announced its plans to merge with Graypoint, an Albany, NY–based financial advisory firm. The merger will meaningfully enhance Cerity Partners’ presence in the Capital Region. Following the closing, Graypoint will operate under the Cerity Partners brand, and Daniel Nolan, President & CEO of Graypoint, will assume the role of Partner and Vice Chairman of Cerity Partners.
Graypoint has developed a reputation for serving high-net-worth and ultra-high-net-worth individuals and institutions. Given Graypoint’s deep expertise in advising and serving corporate executives, the merger will also bolster Cerity Partners’ Workplace Solutions capabilities.
Kurt Miscinski, President and CEO of Cerity Partners commented: “We’re truly excited to welcome our new partners and colleagues from Graypoint to our firm. Their breadth and depth of expertise are a wonderful complement to our firm. We look forward to building a world class firm with them.”
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“This partnership is an extension of the same core values upon which Graypoint was founded,” said Daniel Nolan. “By joining forces with Cerity Partners, we are doubling down on our commitment to help clients preserve, steward and grow the wealth they’ve created—and to help them define where their wealth meets purpose.”
Graypoint also brings significant institutional advisory experience, currently working with more than 60 nonprofits in New York’s Capital Region and beyond.
Republic Capital Group is advising Graypoint in the combination, and Alston & Bird is serving as legal counsel. Lowenstein Sandler is serving as legal counsel for Cerity Partners.
Source: PRNewswire
