Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Performance-based Fees
Cerity Partners LLC Overview
Cerity Partners LLC is a fee-only registered investment advisory firm that has been in business since 2009. The company's headquarters is located in New York, NY. The firm specializes in providing investment advice only, and it offers a broad range of financial and investment services to individuals, small businesses, and institutional clients. Cerity Partners LLC offers financial planning services to help clients create a comprehensive financial plan that includes personal goals, budgeting, savings, and investment strategies. The firm also offers portfolio management services that cater to the unique investment needs of individuals, small businesses, and institutional clients. Additionally, they provide pension consulting services to help businesses manage their employee pension plans effectively. In addition to investment-related services, Cerity Partners LLC also provides tax services and bill pay services. The firm helps clients make informed decisions about their taxes and manage their tax liabilities effectively. The bill pay service helps clients manage their payments more efficiently and help prevent unnecessary late fees. Overall, Cerity Partners LLC is a comprehensive advisory firm that provides both investment and non-investment services to help clients achieve their financial goals.
CERITY PARTNERS LLC is a renowned financial advisory firm that caters to a diverse range of clients. They provide a broad spectrum of services that includes investment management, financial planning, tax consulting, and more. Their client base comprises of individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, state or municipal government entities, and other corporation types. The firm recognizes that each client has unique requirements, and therefore they tailor their services to meet those specific needs. CERITY PARTNERS LLC offers flexible fee structures depending on the service provided. Clients have the option to choose from a percentage of assets under management (AUM), hourly fees, fixed fees, or performance-based fees. A percentage of AUM is a fee structure where clients pay a percentage of their total assets managed by CERITY PARTNERS LLC. Hourly fees are charged for specific services that require specialized expertise and a limited engagement period. Fixed fees are a pre-negotiated amount that is agreed upon before commencing the work. Performance-based fees are dependent on the outcome achieved, and this is typically applicable for investment management services.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Cerity Partners LLC does not mention anything about their investment minimums. Therefore, it is unclear what their investment minimum is for potential investors. It is best to contact the firm directly or consult with a financial advisor for more information about investing with Cerity Partners LLC.
How This Office Can Help Louisville, CO Residents
Cerity Partners is a financial planning and wealth management firm that provides tailored solutions to clients in Louisville, CO. The firm understands the unique financial challenges faced by residents of the area, including retirement planning, education funding, and tax planning. They assist clients in creating a comprehensive financial plan that aligns with their long-term goals and objectives and takes into account their current financial situation. Cerity Partners offers a range of services to help clients in Louisville, CO, including investment management, tax planning, retirement planning, and estate planning. The team of financial advisors at Cerity Partners utilizes their extensive knowledge and experience to develop customized investment strategies that meet the specific needs of their clients. Additionally, they provide personalized guidance and advice to help clients navigate complex financial situations such as business transitions, wealth transfer, and charitable giving. Overall, Cerity Partners provides comprehensive financial planning services that help clients in Louisville, CO achieve their financial objectives and plan for the future with confidence.
Services Offered by Cerity Partners LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Cerity Partners LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Cerity Partners LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Cerity Partners LLC does not have any disclosures. Please visit it's Form ADV for more details.