Sequoia to Acquire Carlson

INVESTMENT MANAGEMENT DEALS BLOG

March 3, 2025

On January 29, 2025, Sequoia Financial Group, a wealth manager backed by Seward & Kissel client Kudu Investment Management, announced its agreement to acquire Carlson Capital Management.

Sequoia Financial Group, LLC (“Sequoia”) announced, on January 29, 2025, its agreement to acquire Carlson Capital Management, LLC (“Carlson”). Upon completion of the acquisition, co-founders Gregory Carlson and Jeffrey Carlson will become senior strategic advisors, and CEO Justin Stets will be executive vice president of integrated wealth services for Sequoia. The firms expect to complete the transaction on March 31, 2025. 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.

Carlson, based in Northfield, Minnesota, is a registered investment advisor that provides integrated wealth management services including investment, retirement, tax, estate, risk management, and philanthropic planning. As of December 2024, Carlson managed approximately $3.8 billion in client assets. Turkey Hill Management, LLC served as financial advisor to Carlson.

To read the press release: please click here.

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