Cerity Acquires Maryland Capital

INVESTMENT MANAGEMENT DEALS BLOG

February 27, 2023

On January 6, 2023, Cerity Partners announced the acquisition of Maryland Capital Management.

Under the terms of the transaction, Cerity Partners LLC (“Cerity”) acquired Maryland Capital Management (“Maryland Capital”). Financial terms of the transaction were not disclosed.

Cerity, based in New York City, is a registered investment advisor that offers financial planning to individuals, families, businesses, and nonprofit organizations. Cerity manages $65 billion in client assets under management and under advisement.

Maryland Capital, based in Towson, Maryland, is a registered investment advisor serving high-net-worth individuals, families, and business owners. Maryland Capital manages over $2.1 billion in client assets. Park Sutton advised Maryland Capital on the transaction

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.