Sequoia Acquires All Star Financial
Sequoia Financial Group (“Sequoia”) announced, on August 7, 2026, its acquisition of All Star Financial (“All Star”). Under the terms of the transaction, All Star’s 14 team members, including founder and CEO, Robert Klefsaas, joined Sequoia and will remain actively involved in client service integration. Further terms of the deal were not disclosed.
Sequoia, based in Akron, Ohio is a registered investment advisor providing wealth management services, including investment management, retirement planning, tax management, charitable planning, estate planning and insurance counsel. As of June 30, 2026, Sequoia had approximately $34.9 billion in assets under management. Sequoia is backed by Seward & Kissel client Kudu Investment Management in the transaction.
All Star, based in Twin Cities, Minnesota, is a registered investment advisor offering wealth management, investment management, and tax-focused strategies to individuals and families. As of June 30, 2026, All Star had approximately $796 million in assets under management and an additional $566 million in retirement plan assets under management.
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