Sequoia Financial Group acquires Charleston-based Family Asset Management
October 31, 2024
Sequoia Financial Group, LLC (Sequoia Financial), an SEC-registered wealth manager with $21.5 billion in assets under management as of Sept. 30, 2024, and Family Asset Management (FAM), a Charleston, South Carolina-based investment advisory firm, today announced that Sequoia Financial has acquired FAM. Financial terms were not disclosed.
Founded in 2004, FAM is an SEC-registered investment advisor with more than $300 million in assets under management as of Sept. 30, 2024. FAM provides financial planning and investment management services to high net worth clients, multigenerational families, corporations and foundations.
FAM expands Sequoia Financial’s footprint in the Southeast, an important and growing market for the firm. FAM is led by Andrew Barrett, chief operating officer and partner, and Dan Russler, chief investment officer and a founding partner.
With the new Charleston location, Sequoia Financial now has 16 offices in 10 states. Sequoia Financial has grown organically and through acquisitions to expand its services and geographic footprint. Since 2023, Sequoia Financial has made seven acquisitions, including Karpas Strategies, AltruVista, Zeke Capital Advisors, Cirrus Wealth Management, Affinia Financial Group, and M Capital Advisors. In August 2024, Sequoia Financial also announced a strategic partnership with Eide Bailly, including the pending acquisition of its wealth management practice.
About Family Asset Management
Established in 2004, Charleston, South Carolina-based Family Asset Management is an SEC-registered investment manager providing financial planning and investment management services to high net worth clients, multigenerational families, corporations and foundations. For more information, visit www.familyasset.us
About Sequoia Financial Group
Sequoia Financial Group, LLC, founded in 1991, takes a client-centered approach to providing wealth management services, including asset management, estate and retirement planning, fiduciary consulting, and family wealth. Sequoia Financial builds and maintains strong relationships that emphasize long-term planning to help clients reach their financial and life goals. The firm was named by Barron’s as one of the top RIA firms in the U.S. in 2024 for the sixth consecutive year. Sequoia Financial had $21.5 billion in assets under management as of Sept. 30, 2024. For more information, visit www.sequoia-financial.com.
