Registered investment advisor Cerity Partners is merging in West Coast Financial, a $1.9 billion advisory firm specializing in wealth transfer, retirement, tax and charitable planning.
“The West Coast Financial team brings a wealth of experience and a client-first mindset that aligns perfectly with our values,” said Claire O’Keefe, head of partner development at Cerity Partners, in a statement. “By combining our resources and expertise, we are better positioned to meet the evolving needs of clients across Southern California and beyond.”
West Coast Capital is headquartered in Santa Barbara, California, where it has operated for more than four decades. Its managing partner, Steven Weintraub, said merging with Cerity Partners will allow the firm to deepen access to financial planning solutions and wealth management strategies that help “bring clients’ money and life into sync.”
“For over four decades, we’ve remained steadfast in our mission of helping clients gain confidence and control of their financial lives by not only focusing on what they’re invested in — but what they’re investing for,” Weintraub added.
O’Keefe noted that Cerity’s advisors will benefit from West Coast Capital’s advanced planning and investment capabilities, including in the acceleration of alternative investment offerings for clients in areas such as real estate.
Cerity Partners had around $123 billion in assets under management as of the end of March. It’s led by CEO Kurt Miscinski and backed by private equity firm Genstar Capital.
Following closure of the deal later this year, West Coast Financial will operate under the Cerity Partners name.
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