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Cerity Partners merges with Executive Monetary Management

Cerity Partners LLC has merged with New York-based Executive Monetary Management LLC, an asset management firm that caters to high-net-worth individuals and families.

Financial terms of the deal were not disclosed.

The merger brings Cerity Partners' assets under management to about $26 billion with Executive Monetary's AUM of $3 billion, according to a news release.

Executive Monetary has taken on Cerity Partners' name and branding as of Jan. 1.