On September 10, 2024, Cerity Partners announced that it acquired Abbrea Capital.
Cerity Partners (“Cerity”) announced, on September 10, 2024, that it had acquired Abbrea Capital (“Abbrea”). Further terms of the transaction were not disclosed.
Cerity, based in New York, is an independent wealth management firm serving high-net-worth individuals and families, as well as businesses and nonprofit organizations. As of September 2024, Cerity managed approximately $103 billion in client assets.
Abbrea, based in Greenbrae, California, is an investment management firm serving high net worth individuals and families. As of September 2024, Abbrea had $174.6 million assets under management. M&A consultancy Advice Dynamics Partners served as the advisor to Abbrea in the deal.
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