On August 14, 2023, Sequoia Financial Group, LLC, a wealth manager backed by Seward & Kissel client Kudu Investment Management, announced an agreement to acquire Affinia Financial Group, LLC.
Under the terms of the transaction, Sequoia Financial Group, LLC (“Sequoia”) will acquire Affinia Financial Group, LLC (“Affinia”). The deal is expected to close in late August. Further terms were not disclosed.
Sequoia, based in Akron, Ohio, provides comprehensive financial planning and wealth management services. Sequoia has approximately $16 billion in assets under management as of July 31, 2023. Sequoia is backed by Seward & Kissel client Kudu Investment Management.
Affinia, based in Burlington, Massachussetts, is registered investment adviser that advises high net worth individuals, families, trusts and estates. As of August 10, 2023, Affinia had approximately $418 million in assets under management. Republic Capital Group served as exclusive financial advisor to Affinia on the transaction.
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