On January 27, 2025, Arax Investment Partners announced its acquisition of Cedrus Financial.
Arax Investment Partners, LLC (“Arax”) announced, on January 27, 2025, its acquisition of Cedrus Financial (“Cedrus”). Cedrus will operate within Arax Advisory Partners, Arax’s network of firms specializing in investment advice and supervisory solutions. Further terms of the transaction were not disclosed.
Arax, based in New York, is a RedBird Capital Partners portfolio company and a wealth management platform focused on making strategic investments and supporting registered investment advisors, hybrid wealth managers, and advisor teams. As of June 2024, Arax had approximately $19 billion in assets under management.
Cedrus, based in Littleton, Colorado, is a registered investment advisor specializing in wealth management and investment advisory services. Cedrus has approximately $1 billion in assets under management.
To read the press release: please click here.