On May 5, 2026, Arax Advisory Partners announced its acquisition of The Oak Group.
Arax Advisory Partners (“Arax”) announced, on May 5, 2026, its acquisition of The Oak Group. The Oak Group team joined Arax. Further terms of the transaction were not disclosed.
Arax, based in New York, is a registered investment advisor offering wealth and asset management services. As of June 23, 2026, Arax had approximately $23 billion in assets under management.
The Oak Group, based in Hudson Valley, New York, is a wealth management practice offering wealth management and financial planning services. The Oak Group has approximately $1.5 billion in client assets. Houlihan Lokey served as advisor to The Oak Group on the transaction.
To read the press release, please click here.