Cerity Partners Retirement Plan Advisors LLC (New York)

Name: Cerity Partners Retirement Plan Advisors LLC
Address: 335 Madison Avenue, 23 Rd Floor, New York, NY, 10017
Telephone: 212-850-4260

Cerity Partners Retirement Plan Advisors LLC is a large advisory firm based in New York. It manages $11.37 billion of regulatory assets for 164 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Illinois, Indiana, and 3 other states.

Cerity Partners Retirement Plan Advisors provides pension consulting services and financial wellness coaching. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cerity Partners Retirement Plan Advisors: assets under management

The assets under management (AUM) of Cerity Partners Retirement Plan Advisors LLC is $11.37 billion. The firm's AUM has grown by 1243% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $945.86 million in discretionary accounts and $10.43 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $107.5 million.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is other assets, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cerity Partners Retirement Plan Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kurt Patrick Miscinski serves?

The only and largest group of clients of Kurt Patrick Miscinski is pension and profit sharing plans with 163 clients and $11.36 billion of assets under management. Among the 9 most similar advisory firms, Cerity Partners Retirement Plan Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $11.36 billion for 163 clients. None of the firm’s clients are foreign persons or businesses.

Cerity Partners Retirement Plan Advisors doesn't advise any private funds.

Careers at Cerity Partners Retirement Plan Advisors LLC

The company employs 22 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kurt Patrick Miscinski has been acting as President since 1 Apr 2012. Benjamin A Pace has served as the Chief Investment Officer since 1 Oct 2014. Cerity Partners Equity Holding Llc joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hpm Partners Llc	Manager	1 Apr 2012	75% - 100%	151559
Robert Joseph Seco	Chief legal officer/chief compliance officer	1 Apr 2012	Other	5637325
Kurt Patrick Miscinski	President	1 Apr 2012	Other	2694200
Lawrence Eric Sussman	Chief financial officer	1 Apr 2012	Other	2835591
Cerity Partners Llc	Manager	1 Apr 2012	75% - 100%	151559
Benjamin A Pace	Chief investment officer	1 Oct 2014	Other	5283727
Maria Alexandra Hodi	Chief administrative officer	1 Jan 2017	Other	4796907
Kevin Hilden	Chief operating officer	1 May 2018	Other	5037052

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kurt Patrick Miscinski	Manager	1 Nov 2017	Other	2694200
Llc Cerity Partners Holdings	Member	1 Dec 2017	50% - 75%	82-3744081
L.P. Lightyear Fund Iv Aiv 1	Member	1 Dec 2017	75% - 100%	82-3538903
Llc Ly/Cp	Limited partner	1 Jan 2018	25% - 50%	82-3553633
L.P. Ly Iv Aiv 1 Holding	Member	1 Jan 2018	75% - 100%	82-3568336
2297984 Ontario Limited	Limited partner	1 Jan 2018	25% - 50%	98-1016734
Cerity Partners Equity Holding Llc	Member	1 Sep 2018	75% - 100%	83-1643668
Cerity Partners Eoe Llc	Member	1 Sep 2018	25% - 50%	82-3423803

Based in New York

The principal office where Cerity Partners Retirement Plan Advisors LLC performs its advisory services is located at 335 Madison Avenue, 23 Rd Floor, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Cleveland, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-850-4260 or by fax 212-937-1942. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at ceritypartners.com and its LinkedIn profile.