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What You Have to Know
- Sequoia Monetary Group agreed to accumulate Zeke Capital Advisors, a Berwyn, Pennsylvania-based multi-office agency with greater than $5 billion in belongings.
- The transaction, anticipated to shut Feb. 28, will create a agency with over $15 billion in consumer belongings, Sequoia stated.
- Monetary phrases weren’t disclosed.
Sequoia Monetary Group stated Thursday it entered into an settlement to accumulate Zeke Capital Advisors, a Berwyn, Pennsylvania-based multi-office agency with greater than $5 billion in belongings beneath administration and administration.
The transaction, anticipated to shut on Feb. 28, will create a agency with over $15 billion in consumer belongings, Sequoia stated. Monetary phrases weren’t disclosed.
Akron, Ohio-based Sequoia gives asset administration and monetary planning companies from “throughout the wealth spectrum” — from people to household workplaces — with places all through the central and southeastern U.S.
Sequoia — based by Tom Haught, its CEO, in 1991 — now manages over $10 billion in belongings and employs greater than 180 folks.
Zeke, based in 2008 by fund supervisor Edward Antoian, gives generational household wealth administration to people, households and foundations. The agency is led by Antoian and Gee Smith, companion and president. Zeke has 28 workers.
The acquisition will double the scale of Sequoia’s Household Wealth observe in belongings beneath administration and in consumer households, with the mixed groups providing a full suite of companies to ultra-high-net-worth households and establishments, it stated.
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