New York, NY, February 23, 2022 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have represented Investec Wealth Strategies (“Investec”) on its acquisition by Cerity Partners (“Cerity”), a leading registered investment adviser (“RIA”) with approximately $45 billion in assets under management and headquartered in New York, New York. Based in Houston, Texas, Investec is a comprehensive wealth management company that provides highly personalized financial planning and investment management to high-net-worth individuals and families, with approximately $1 billion in assets. Terms of the transaction were not disclosed.
“Our clients will benefit from this merger, which will place us among the top wealth advisory firms in the United States. Importantly, a significant part of our back-office operations are assumed by Cerity Partners, giving Partners more time to focus on client service and future growth. We can now take advantage of our greater scale with access to Cerity Partners investment research, technology infrastructure, and enhanced tax and wealth management advice,” said John Goott, Founding Principal of Investec Wealth Strategies.
Kurt Miscinski, President and CEO of Cerity Partners, comments, “We are excited to begin the new year with our new colleagues from Investec who share our service mindset and commitment to offering holistic wealth management services that addresses the full spectrum of client needs.”
Dan Erichson, CFA, a Park Sutton Advisors Director, who led the deal, said, “After first meeting John and Daniel Goott several years ago, helping them to think through various strategic options, and developing a trusted relationship, it is so gratifying to see them land in a win-win situation, that is a tremendous outcome not only for themselves but also their clients and employees.” Steven Levitt, Managing Director and Founder of Park Sutton, added, “Investec’s partnership with Cerity makes a lot of sense given the former’s inroads to oil and gas companies headquartered in Texas, and the latter’s know-how in developing relationships with the C-Suite of large corporations. We look forward to seeing this new relationship unfold and wish all the best of luck.”