On June 4, 2025, Arax announced that it acquired Schechter Investment Advisors.
On June 4, 2025, Arax Investment Partners (“Arax”) announced that it acquired Schechter Investment Advisors (“SIA”). SIA and its team will integrate into Arax Advisory Partners, a coalition of independent firms offering specialized services, investment advice, and planning solutions for high-net-worth families, individuals, and institutions. SIA’s insurance business will continue to operate as a separate, independent entity. Further terms of the deal were not disclosed.
Arax, based in New York, is a wealth management platform supported by RedBird Capital Partners. As of May 2025, SIA managed $4 billion in assets.
SIA, based in Birmingham, Michigan, is a boutique financial services firm advising wealth families on financial matters. As of May 2025, SIA had $4 billion in assets under management.
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