Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
was acquired by
Financial advisor to Maryland Capital Management, LLC December 2022
Park Sutton Advises Maryland Capital Management on its partnership with Cerity Partners
Industry: Investment Services
Type: Sell-Side M&A

New York, NY, January 6, 2023 – Park Sutton Advisors, a Waller Helms Company (“PSA”), is pleased to have represented Maryland Capital Management, LLC (“MCM”) on its acquisition by Cerity Partners LLC (“Cerity Partners”), a leading registered investment adviser (“RIA”) headquartered in New York, NY, with over $65 billion in assets under management and advisement (“AUM/A”). Headquartered in Baltimore, MD, with a second office in Bonita Springs, FL, MCM is a wealth management, financial planning, and investment management firm with approximately $2.1 billion in assets spanning 42 states.

The transaction was co-led by Steven Levitt and Dan Erichson, CFA of Park Sutton Advisors, a Waller Helms Company. Dan Erichson, Managing Director, said, “MCM is among the top wealth advisory firms in the Mid-Atlantic region, supported by an exceptional team with distinguished backgrounds and credentials. Their collective experience, knowledge, and commitment to serving clients with excellence makes them natural partners with Cerity.”

Steven Levitt, Managing Director, added, “I have known John and Greg for over ten years, and they were incredible clients. They knew they wanted to expand their capabilities and resources to better serve clients, while creating further opportunities for the next-gen talent to accelerate their already robust growth. A partnership will support these goals, and we look forward to seeing what they can accomplish together.”