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November 24, 2021

Cerity Partners concludes merger with Bingham, Osborn & Scarborough

By Verdict Staff

Cerity Partners has concluded its merger with San Francisco-based Bingham, Osborn & Scarborough (B|O|S), creating a $40bn wealth management firm.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Financial terms of the deal have not been disclosed.

The combined firm will operate under the Cerity Partners name.

The merger expands Cerity Partners’s West Coast presence and positions it as a full-service national firm.

Cerity Partners CEO and president Kurt Miscinski said: “The merger allows us to enhance our clients’ experience and broaden the breadth and depth of our expertise. It also significantly deepens our presence in and commitment to San Francisco and Silicon Valley, a region that continues to create meaningful wealth for many individuals and families.”

Founded in 2009, Cerity Partners provides estate, financial, tax, and compensation and benefit planning, tax preparation, personal financial administration, retirement plan advisory, and investment management services to its private and corporate clientele.

It has 15 offices across the country.

B|O|S CEO Kevin Dorwin said: “Joining together with Cerity Partners accelerates the development of our long-term vision and allows us to offer a greater breadth and depth of services.

“Clients will benefit from our combined investment intelligence, robust technology infrastructure, enhanced tax and wealth management advice, and greater scale. Together, this merger places us among the top wealth advisory firms in the country.”

Under the agreement, Dorwin will become Cerity Partners’ San Francisco market leader.

B|O|S president and COO Carol Benz will assume the role of chief people officer at the combined firm.

In this newly created role, Benz will oversee the hiring, development, diversity, engagement, education, and growth of the company’s people and culture.

B|O|S principal David Newson will become chief marketing officer with responsibility to develop new client relationships.

Last year, Cerity Partners combined business with California- headquartered wealth manager Sullivan & Serwitz.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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