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0 -0.000112599932440098 -0.000337799797320134 -0.000337799797320134 -0.000112599932440098 0.0010133993919604 0.0010133993919604 0.0010133993919604
Stock impact report

RIA Cerity Takes Stake in Secondary Private Markets Firm [Yahoo! Finance]

Forge Global Holdings, Inc. (FRGE) 
Company Research Source: Yahoo! Finance
Cerity Partners, a New York-based registered investment advisor with over $122 billion in client assets, has taken a minority stake in Nasdaq Private Market, a secondary market trader of private company equity, along with gaining exclusive rights to advise the firm's clients participating in tender offers. Cerity, which has focused on private market investing for clients, makes the move as more companies in the U.S. are remaining private, with both the firms and their senior leaders sorting through how to manage equity stakes that may not have near-term liquidity events.  “This partnership is expected to provide NPM's liquidity program clients (private companies and their executives and employees) access to a comprehensive liquidity and financial planning experience as they plan for and manage proceeds from liquidity events,” Cerity wrote in a statement via email. “It is also intended to benefit Cerity Partners' ultra- and high-net-worth clients by providing access to an exp Show less Read more
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