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Financial Advisory  + Wealth Management  | 
Genstar-Backed Cerity Partners Merges with $4.8B RIA ARGI Financial

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.

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Inside The Story

Cerity PartnersARGI Financial

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.