On June 4, 2025, Schechter Investment Advisors announced that it was acquired by Arax Investment Partners.
Schechter Investment Advisors (“Schechter”) announced, on June 4, 2025, its acquisition by Arax Investment Partners (“Arax”). Schechter will integrate into Arax, with the exception of Schechter’s Advanced Design Life Insurance business. 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. Arax manages approximately $19 billion in assets under management and administration.
Schechter, based in Birmingham, Michigan, is a registered investment advisor specializing in wealth management and investment advisory services. As of May 2025, Schechter had approximately $4 billion in assets under management.
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