On August 5, 2025, Arax Investment Partners announced its acquisition of Summit Wealth Strategies.
Arax Investment Partners (“Arax”) announced, on August 5, 2025, its acquisition of Summit Wealth Strategies (“Summit”). Summit will integrate into Arax, while keeping its personal branding. 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 $7.3 billion in client assets.
Summit, based in Chesterfield, Missouri, is a registered investment advisor offering personalized, multigenerational financial planning and investment advisory services. Summit has approximately $1 billion in assets under management.
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