Sequoia Acquires Wealth Business of Eide Bailly

INVESTMENT MANAGEMENT DEALS BLOG

March 31, 2025

On September 9, 2024, Sequoia Financial Group, a wealth manager backed by Seward & Kissel client Kudu Investment Management, announced its acquisition of Eide Bailly Advisors, LLC’s wealth management team.

Sequoia Financial Group, LLC (“Sequoia”) announced, on September 9, 2024, its acquisition of Eide Bailly Advisors, LLC’s (“Eide Bailly”) wealth management team. Through this agreement, Eide Bailly’s wealth management team joined Sequoia on November 1, 2024. 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 December 2024, Sequoia had $22.6 billion in assets under management. Sequoia is backed by Seward & Kissel client Kudu Investment Management.

Eide Bailly, based in Fargo, North Dakota, is a certified public accounting and business advisory firm. As of December 2024, Eide Bailly had $1.6 billion in assets under management.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.