Cerity Partners has merged with a New York-based wealth management firm overseeing $3 billion.
The firm, EMM Wealth, is led by Lloyd Abramowitz, co-CEO, David Aaron, co-CEO and CIO, and CFO Thomas O’Brien, according to a press release from the company.
In all, EMM has 36 employees, including investment and tax professionals, who offer investment advice and financial planning, as well as tax, trust, estate and philanthropic planning and family office services, among other offerings, the company says.
EMM has taken on Cerity Partners’ name and branding as of January 1, according to the press release. The companies didn’t disclose the financial terms of the deal.
“Our firm has over 50 years of experience delivering comprehensive wealth management, family office, tax and investment advisory services,” Aaron says in the press release. “Cerity Partners’ broad range of services match and complement our own, making it the perfect firm to help us grow and expand what we offer to our clients.”
The company says the addition of EMM brings its assets under management to around $26 billion.
Founded in 2009, Cerity partners has roughly doubled its assets under management through mergers in less than a year. In April 2019, the company announced that it’s merging with Blue Prairie Group, which managed $11 billion at the time.