
Genstar-Backed Cerity Partners Merges with $4.8B RIA ARGI Financial
Cerity Partners has joined forces with ARGI Financial, a $4.8bn Louisville, KY-based registered investment advisor (RIA). The combined firm will operate as Cerity Partners.
Details of the transaction were not disclosed.
Cerity Partners CEO Kurt Miscinski sees the merger with ARGI as an accelerant to the firm’s growth in working with companies. “We are excited to welcome our colleagues from ARGI Financial,” said Miscinski. “Their breadth and depth of talent will accelerate our firm’s growth and development.”
New York-based Cerity Partners, with $45bn in assets under management, switched private equity firms last summer when Genstar purchased a controlling stake in the company from Lightyear Capital.
Cerity Partners has been actively merging with RIA firms over the past two years, but the ARGI transaction is the largest with Genstar’s backing. Previously, the largest transaction since Genstar came on board was in October 2022, when it merged with $4.2bn Los Angeles-based RIA Covington Capital Management.
Founded in 1995, ARGI services approximately 3,000 clients and employs 250 people.