Cerity Partners, an independent U.S.-based wealth management firm with approximately $140 billion in assets under management, has merged with Austin Private Wealth, a fiduciary Registered Investment Adviser headquartered in Austin with approximately $1.4 billion in assets under management.
Republic, an investment bank focused on strategic and financial advisory services for wealth and asset management firms, said it served as the exclusive investment banking advisor to Austin Private Wealth in the transaction.
The firms said the combination expands Cerity’s footprint in the Austin market and enhances the combined organization’s ability to provide wealth planning, investment management, and broader financial solutions for high-net-worth individuals, families, and businesses. Following the merger, Austin Private Wealth will operate under the Cerity Partners name.
Austin Private Wealth serves individuals, families, and business owners and provides services across retirement planning, tax-aware strategies, cross-border planning, and wealth transfer planning, according to the announcement.
Republic advised Austin Private Wealth throughout the process, providing strategic and financial guidance aligned with APW’s long-term growth objectives.
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“We are excited to become partners with Cerity. We believe it will expand services to our clients and create growth opportunities for our team within a firm culture that resonates with our own. We are grateful to Republic for their guidance throughout the process and helping us achieve an excellent outcome.”
Dan Kraus, Co-Founder and Co-Managing Partner, Austin Private Wealth
“This partnership brings together two firms with a shared culture of client-first advice and long-term thinking. By welcoming Austin Private Wealth to Cerity Partners, we are expanding our presence in a key growth market for the firm.”
Claire O’Keefe, Partner and Head of Partner Development, Cerity Partners
“APW was very thoughtful throughout the process. I am glad we were able to find them such a great fit, as people and as a business.”
Vic Esclamado, Partner and Managing Director, Republic Capital Group
“The strategic fit for Austin Private Wealth with Cerity is excellent. Both firms have a strong partnership culture where collaboration and colleagues are highly valued.”
John Langston, Founder and CEO, Republic Capital Group
