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Eight Former SVB Private Advisors Head to Cerity Partners

Eight Former SVB Private Advisors Head to Cerity Partners

At least eight former SVB Private advisors have joined New York–based hybrid registered investment advisor (RIA) Cerity Partners in the wake of Silicon Valley Bank’s collapse earlier this month, according to filings with the Securities and Exchange Commission.

The SVB Private advisors who joined Cerity include Alexandera Minna Rudish, Amanda Dekki and Caroline Elizabeth Hirt, as well as former KLS Professional Advisors Group Tara Elizabeth Carley, Susan Kim Matlow, Michael McCarville, Andrew Ringwood Hoercher and Tara Damarida Vagnone.

KLS is an RIA acquired by Boston Private in 2004. SVB acquired Boston Private in 2021.

The former KLS advisors reportedly bring about $6.5 billion in client assets to Cerity, which, as of December 2021, managed $26.7 billion in discretionary assets and $18 billion in non-discretionary assets.

In addition to those joining Cerity, four other SVB advisors who came to the bank through the KLS acquisition have left the firm. Maritza Chow Young and Arthur Langhaus recently joined Simon Quick Advisors, an RIA overseeing $4.5 billion in assets.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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