#United States #New York #Wealth Management #Cerity Partners #Shufro Rose

Cerity Partners Expands Its New York Footprint

Cerity Partners, a recognized player in the realm of independent wealth management, has made significant strides towards bolstering its presence in New York City. The firm has announced a merger with the prestigious Contant-Leit and Wacht Groups of Shufro Rose & Co. This consolidation is not merely a shift in organizational strategy; it is a deliberate step toward improving client services while enhancing the firm's capabilities.

The newly merged entity will manage approximately $1.4 billion in assets, aligning two groups that share similar values and a commitment to putting clients at the forefront of their strategies. Claire O'Keefe, the Head of Partner Development at Cerity Partners, expressed her enthusiasm about this merge, highlighting that their new colleagues embody the personalized service ethos that defines Cerity. She stated, "We're excited to integrate the Contant-Leit and Wacht Groups with us, as their focus on comprehensive advice aligns perfectly with our mission." This partnership will substantially fortify Cerity's capacity to serve not just individuals and families, but also businesses looking for top-tier financial guidance.

Both the Contant-Leit and Wacht Groups come with a rich history in the wealth management landscape, dating back to 1938. This deep-rooted heritage ensures continuity for their clientele, with an impressive average relationship spanning over 21 years. Such tenure speaks volumes about the trust these advisors have cultivated with their clients over decades. The principals from these groups, Stephen Leit, John Contant, and Harvey Wacht, have decades of experience, bringing a wealth of knowledge and client relationships to Cerity.

Expressing excitement about this new chapter, John Contant, a Principal and Senior Financial Advisor within the firm, remarked, "Joining Cerity Partners signifies a union of shared values—primarily independence and a client-first approach. Our clients will continue to receive the personalized guidance they've come to expect, now fortified by Cerity's extensive resource network and expertise." This sentiment of continuity and client commitment reinforces the shared goals across the newly formed partnership.

The merger has not gone unnoticed in the industry, with Houlihan Lokey advising the groups through this transition and Katz Teller providing legal support. Similarly, Lowenstein Sandler is supporting Cerity as it embarks on this promising venture.

About Cerity Partners

Founded in 2009, Cerity Partners has positioned itself as a formidable wealth management firm catering to high-net-worth individuals and families, providing an expansive suite of services which include financial planning, investment strategies, tax advisement, and retirement solutions. The merger with Contant-Leit and Wacht Groups further solidifies Cerity's standing as a comprehensive financial service provider in the competitive landscape of New York City wealth management.

About Contant-Leit and Wacht Groups

Navigating through competitive waters, the Contant-Leit and Wacht Groups have established themselves as trusted advisors for individuals and families in New York City with a focus on long-term financial planning. Linked to their parent firm, Shufro Rose & Co., these practices have built a reputation based on rigorous investment management combined with personalized financial services.

In conclusion, this merger not only represents a strategic growth initiative for Cerity Partners but also underscores their dedication to delivering exceptional value and service to their clients. With the fusion of talent, experience, and resources, the firm is well-poised for a promising future in the competitive financial landscape of New York City.