On July 31, 2024, Sequoia Financial Group, LLC announced its acquisition of Karpas Strategies, LLC.
Sequoia Financial Group, LLC (“Sequoia”) announced that it acquired Karpas Strategies, LLC (“Karpas”). Karpas will integrate with the Sequoia Sentinel Family Office of Sequoia Financial. Further terms of the transaction were not disclosed.
Sequoia, based in Akron, Ohio, provides wealth management services, including asset management, estate and retirement planning, fiduciary consulting, and family wealth. As of June 2024, Sequoia had $19.3 billion in assets under management.
Karpas, based in Litchfield, Connecticut, is an independent registered investment advisory firm serving ultra-high-net-worth families, foundations, and trusts. As of July 2024, Karpas had $420 million in assets under advisement. DeVoe & Company served as Karpas Strategies' financial advisor.
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