Arax to Acquire Transcend
On July 23, 2026, Arax Advisory Partners announced its agreement to acquire Seward & Kissel client Transcend Capital Advisors.
Arax Advisory Partners (“Arax”) announced, on July 23, 2026, its agreement to acquire Seward & Kissel client Transcend Capital Advisors (“Transcend”). Under the terms of the transaction, which is expected to close in Q3, Transcend will join 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 August 14, 2026, Arax had approximately $26 billion in assets under management.
Transcend, based in Madison, New Jersey, is a registered investment advisor providing wealth management and investment advisory services to high-net-worth individuals and families. As of June 30, 2026, Transcend had more than $3 billion in assets under management.
Houlihan Lokey is serving as financial advisor to Transcend on the transaction and a Seward & Kissel team led by partners Danielle Lemberg, Craig Sklar, Jim Abbott, Jim Cofer, Mike Watling and Lindsay Ditlow is providing legal advice to Transcend.
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