Sequoia Financial to Buy $5B Multi-Office Firm

What You Need to Know

Sequoia Financial Group agreed to acquire Zeke Capital Advisors, a Berwyn, Pennsylvania-based multi-office firm with more than $5 billion in assets.
The transaction, expected to close Feb. 28, will create a firm with over $15 billion in client assets, Sequoia said.
Financial terms were not disclosed.

Sequoia Financial Group said Thursday it entered into an agreement to acquire Zeke Capital Advisors, a Berwyn, Pennsylvania-based multi-office firm with more than $5 billion in assets under management and administration.

The transaction, expected to close on Feb. 28, will create a firm with over $15 billion in client assets, Sequoia said. Financial terms were not disclosed.

Akron, Ohio-based Sequoia provides asset management and financial planning services from “across the wealth spectrum” — from individuals to family offices — with locations throughout the central and southeastern U.S.

Sequoia — founded by Tom Haught, its CEO, in 1991 — now manages over $10 billion in assets and employs more than 180 people.

Zeke, founded in 2008 by fund manager Edward Antoian, provides generational family wealth management to individuals, families and foundations. The firm is led by Antoian and Gee Smith, partner and president. Zeke has 28 employees.

The purchase will double the size of Sequoia’s Family Wealth practice in assets under management and in client households, with the combined teams offering a full suite of services to ultra-high-net-worth families and institutions, it said.