Announced
Completed
Synopsis
Cerity Partners, a wealth management firms, completed the acquisition of Permit Capital Advisors, an independent investment advisory firm. Financial terms were not disclosed. "Our clients work with us because we are sophisticated, creative investors, particularly within the alternative investment space, which provides opportunities to enhance returns and mitigate risk in an ever-evolving investment landscape. Niche and emerging investment managers find much value in working with us and provide us with access to a broader range of investment strategies. That experience, matched with the wide range of services that Cerity Partners offers, makes this partnership powerfully differentiated in our industry," Adam Landau, Permit Capital Advisors Co-CEO.
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