Cerity Partners Acquires Contant-Leit and Wacht Groups of Shufro Rose & Co.
Cerity Partners, an independent wealth management firm, announced the acquisition of two New York City-based advisory groups—Contant-Leit and Wacht—from Shufro Rose & Co. These practices manage approximately $1.4 billion in assets and are known for their long-standing client relationships and fiduciary-driven approach. The move is expected to strengthen Cerity Partners' presence in the region, enhancing its ability to serve high-net-worth individuals, families, and businesses with comprehensive financial planning services. The principals of both groups have decades of experience at Shufro Rose & Co., which has a wealth management heritage dating back to 1938. Cerity Partners emphasized that this acquisition aligns with its values of independence and client-first service. Advisors Houlihan Lokey is representing the acquired groups, while legal counsel for both parties includes Katz Teller and Lowenstein Sandler.
