On April 11, 2024, Arax Investment Partners announced it acquired U.S. Capital Wealth Advisors.
Arax Investment Partners (“Arax”) has announced that it acquired U.S. Capital Wealth Advisors (“USCWA”). USCWA will operate as a distinct brand on Arax’s platform, maintaining its branding, core advisor and client-facing operations. Further terms of the transaction were not disclosed.
Arax, based in New York, is a wealth management platform backed by private equity firm RedBird Capital Partners. As of April 2024, Arax had $16 billion in assets under management and advisement. UBS Investment Bank and TD Securities served as financial advisors to Arax on the transaction.
USCWA, based in Houston, is a hybrid broker/dealer and registered investment advisor with primary business lines in wealth management and capital markets. As of March 2023, USCWA had $6.5 billion in assets under management.
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