TLDR:
Key Points:
- Cerity Partners merges with Touchdown Ventures to enhance its venture capital capabilities and offering.
- The merger will enable Cerity to expand its services for private clients and boost its presence in key markets.
In a recent move, Cerity Partners has expanded its venture capital capabilities and offerings by merging with Touchdown Ventures, a specialist VC firm. This merger will see Touchdown operating as Cerity Partners Ventures, enabling Cerity to provide ‘venture capital as a service’ and enhance its services for private clients. The partnership will also strengthen Cerity’s presence in growth-oriented markets like Philadelphia, Chicago, Los Angeles, and San Francisco.
The merger is seen as pivotal for Cerity Partners, especially during a period of significant growth for the independent wealth management firm. Kurt Miscinski, the CEO of Cerity Partners, expressed excitement about the merger and highlighted the shared commitment to exceptional service in clients’ best interest. Todd Cassler, a seasoned industry veteran, has also joined Cerity Partners as the chief growth officer to further drive the firm’s growth.
Touchdown Ventures, founded a decade ago, will benefit from the merger by gaining additional experience and scale to serve startup entrepreneurs and their venture capital investors. The merger underscores both firms’ dedication to providing top-notch venture capital services to corporations seeking access to external innovation.
This merger signifies a strategic move by Cerity Partners to bolster its offerings and strengthen its position in key markets, ultimately aiming to provide enhanced services for its clients.
