Cerity Partners Merges with Agility in OCIO Push

Wealth management firm Cerity Partners announced its intent to merge with Denver-based outsourced CIO provider Agility on Monday. Agility provides OCIO services for endowments, foundations, family offices, corporations, healthcare organizations and other institutions. The firm oversaw $15 billion in outsourced assets as of December 31, 2023, according to its website.

Agility will be rebranded as Cerity Partners OCIO upon completion of the merger. The new combined firm will oversee $100 billion in assets across business units. The investment leadership of Agility will form an OCIO committee within Cerity Partners.

Agility, founded in 2007, is the OCIO arm of Perella Weinberg Partners Capital Management LP.

“We are thrilled to welcome the Agility team, which brings nearly two decades of experience and unparalleled expertise in serving non-profit organizations, businesses and ultra-high-net-worth clientele,” said Kurt Miscinski, CEO of Cerity Partners in a press release. “This partnership will reinforce our ability to serve this very important segment of the market.”

Other OCIO transactions were announced and completed in the past year. In December 2023, Mercer announced it would acquire Vanguard’s OCIO unit, Institutional Advisory Services group. That transaction was completed in March, with 120 Vanguard employees joining Mercer.