On July 31, 2024, Sequoia Financial Group, LLC announced its acquisition of Family Asset Management, LLC.
Sequoia Financial Group, LLC (“Sequoia”) announced that it acquired Family Asset Management, LLC (“FAM”). Further terms of the transaction were not disclosed.
Sequoia, based in Akron, Ohio, is a registered investment advisor that provides wealth management services, including asset management, estate and retirement planning, fiduciary consulting, and family wealth. As of September 2024, Sequoia had $21.5 billion in assets under management.
FAM, based in Charleston, South Carolina, is a registered investment advisor that provides financial planning and investment management services to high-net-worth clients, multigenerational families, corporations and foundations. As of September 2024, FAM had over $300 million in assets under management.
To read the press release: please click here.