On May 3, 2022, Cerity Partners announced that it will merge with Permit Capital Advisors.
Under the terms of the transaction, Cerity Partners (“Cerity”) will merge with Permit Capital Advisors (“Permit”). Founders of Permit, Adam Landau and Mimi Drake, will join Cerity and serve as Co-Market leaders. Further terms of the deal 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. Cerity has approximately $45 billion in assets under management.
Permit, based in Philadelphia, Pennsylvania, is a wealth management firm providing services to ultra-high-net-worth families and foundations. Permit has approximately $1.6 billion in assets under management.
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