On November 23, 2021, Cerity Partners announced that it had merged with Bingham, Osborn & Scarborough, LLC.
Under the terms of the transaction, Cerity Partners (“Cerity”) has merged with Bingham, Osborn & Scarborough, LLC (“BOS”). The combined firm will operate under the Cerity Partners name and have approximately $40 billion assets under advisement. Carol Benz of BOS will join the new firm as chief people officer and David Newson of BOS will join as chief marketing officer. Further terms of the deal were not disclosed.
Cerity, based in New York, is a national independent financial advisory firm serving high-net-worth individuals and their families, businesses and their employees, and nonprofit organizations from its offices across the country.
BOS, based in San Francisco, is an investment manager serving high-net-worth clients throughout the Bay Area. Berkshire Global Advisors advised BOS on the deal.
To read the press release: please click here.