Cerity Partners Acquires $3B RIA SOL Capital

Core Insights - Cerity Partners, a New York-based registered investment advisor, has over $140 billion in client assets and has secured an additional $4.4 billion in assets this year through acquisitions [1] - The firm has acquired SOL Capital Management, which has nearly $3 billion in discretionary assets, and Austin Private Wealth, managing $1.4 billion [1][2] Group 1: Acquisitions - Cerity Partners announced the acquisition of SOL Capital Management, enhancing its operational and analytical resources [4] - The acquisition of Austin Private Wealth adds $1.4 billion in assets under management to Cerity's portfolio [1] Group 2: Company Background - SOL Capital Management was co-founded in 1987 and has a strong focus on high and ultra-high-net-worth individuals and institutions [2][3] - The firm operates in multiple locations, including Washington, D.C., New York, Virginia, and Israel [4] Group 3: Leadership Transition - Key leaders from SOL Capital, including President Samuel Sandler and CEO Rajmiel Odinec, have transitioned to Cerity Partners [3] Group 4: Advisory Role - Houlihan Lokey served as the advisor for SOL Capital during the acquisition process [5]