In a transformative move that redefines advisory and accounting services for the middle market, Baker Tilly and Moss Adams today announced their planned combination to create the sixth largest advisory CPA firm in the US. Expected to close in early June of this year, the combination strengthens the firms’ industry specialization, expands its geographic reach and enhances its capabilities across advisory, tax and assurance services.
News
Sequoia Financial Group to Acquire Carlson Capital Management, $3.8 Billion Wealth Manager
Sequoia Financial Group, LLC (Sequoia Financial), an SEC-registered wealth manager with $22.6 billion in assets under management as of Dec. 31, 2024, and Carlson Capital Management, LLC (CCM), a Northfield, Minnesota-based investment advisory firm with $3.8 billion in client assets as of Dec. 31, 2024, today announced they have reached an agreement for Sequoia Financial to acquire CCM. The firms expect to complete the transaction on March 31.
Valeas Capital Partners Closes Inaugural Fund at $600 Million
Valeas Capital Partners (“Valeas®”), a San Francisco-based private equity firm focused on partnering with leading growth-oriented businesses with demonstrable opportunities to build leading business franchises, today announced the close of its first institutional fund, VCP Fund I (“VCP I”), at over $600 million, significantly above its target.
Sequoia Financial Group Acquires Charleston-based Family Asset Management
Sequoia Financial Group, LLC (Sequoia Financial), an SEC-registered wealth manager with $21.5 billion in assets under management as of Sept. 30, 2024, and Family Asset Management (FAM), a Charleston, South Carolina-based investment advisory firm, today announced that Sequoia Financial has acquired FAM. Financial terms were not disclosed.
Sequoia Financial Group and Top 20 Accounting Firm Eide Bailly Form Wealth Management Partnership
Sequoia Financial Group, LLC (Sequoia Financial), an SEC-registered wealth manager with more than $19.3 billion in assets under management as of June 30, 2024, and Eide Bailly LLP, a top 20 national accounting firm, today announced a strategic partnership, with Sequoia Financial acquiring Eide Bailly’s wealth management practice and both firms collaborating to deliver expanded services to each other’s clients.
Sequoia Financial Group Acquires Karpas Strategies; Wealth Manager Will Become Part of the Sequoia Sentinel Family Office
Sequoia Financial Group, LLC (Sequoia Financial), a top SEC-registered wealth manager with more than $19.3 billion in assets under management as of June 30, 2024, today announced that it has acquired Karpas Strategies, LLC (Karpas Strategies), an independent investment manager serving ultra-high-net-worth families, foundations and trusts for more than 30 years.
