Cerity Partners, an independent U.S. wealth management firm, announced it has merged with SOL Capital Management, a Rockville, Maryland-based investment advisory firm focused on high- and ultra-high-net-worth individuals, families, and institutions.
Under the agreement, SOL Capital Management will operate under the Cerity Partners name. Cerity said the merger expands its footprint in Maryland and strengthens its investment and advisory capabilities, including in the greater Washington, D.C. metropolitan area.
SOL Capital, founded in 1987, said it has built its business around disciplined investment management and long-term client relationships. Cerity, founded in 2009, provides wealth management services including financial planning, investment management, tax, and retirement solutions for high- and ultra-high-net-worth clients, business owners, and nonprofit organizations.
Support: Houlihan Lokey served as the exclusive financial advisor to SOL Capital, and Nelson Mullins served as legal counsel.
KEY QUOTES:
“SOL Capital Management’s experienced team is dedicated to serving the best interests of their clients for generations to come, which aligns strongly with Cerity Partners’ vision. Together, we are well positioned to deliver sophisticated solutions for our clients across multiple markets, including expanding our capabilities in the greater Washington, DC metropolitan area.”
Claire O’Keefe, Partner & Head of Partner Development, Cerity Partners
“Since our founding in 1987, SOL Capital Management has focused on disciplined investment management and long-term client relationships. Becoming part of Cerity Partners allows us to expand the depth of resources supporting our investment process while maintaining continuity for the clients we serve.”
Rajmiel Odinec, CEO and Chairman of the Board, SOL Capital Management
