Cerity Partners has absorbed another $1bn-plus RIA.

The $45bn Lightyear Capital-backed firm announced on Tuesday that it has merged with Daintree Advisors, a multi-family office based in Boston.

Chief executive and managing partner David Beatty founded Daintree in 2010. Beatty is also known for having co-founded Veriti Management, a developer of direct-indexed and values-based portfolios for financial advisors and institutions.

Daintree manages roughly $1.3bn for 266 high net worth individuals, according to its latest Form ADV filed with the Securities and Exchange Commission. The firm employs 27 people, 12 of whom are advisors, and operates a specialized divorce consulting practice.

According to Daintree president Sam Afari-Aikins, joining with Cerity ‘accelerates the development of our long-term vision, provides enhanced professional growth opportunities for our team, and allows us to offer greater breadth and depth of services for our clients.’

Cerity Partners has now revealed three transactions thus far in 2022. The firm announced in January it would acquire Brouwer & Janachowski, a San Francisco RIA with roughly $2.3bn in client assets. Last week, Citywire reported Cerity Partners reached a deal to merge with $1bn Houston RIA Investec Wealth Strategies.

Cerity chief executive Kurt Miscinski (pictured) said in a statement, ‘we are excited to merge with our colleagues from Daintree, whom we have admired for many years, to significantly deepen our presence in New England and to offer enhanced capabilities for current and prospective clients.’

Miscinski added Boston is ‘broadly recognized as a growing hub of technology innovation and entrepreneurship in the United States.’ Cerity last year acquired $1.1bn Bainco International Investors, giving the firm its first foothold in the Massachusetts capital.

Echelon Partners served as Daintree’s financial advisor in the transaction.