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Direct Investment  + Financial Advisory  + M&As  + Wealth Management  |  January 31, 2025
Arax Investment Partners Acquires $1B Colorado RIA 
By: Joe Palmisano

Arax Investment Partners Acquires $1B Colorado RIA 

Arax Investment Partners, a multi-boutique wealth management platform backed by private equity firm RedBird Capital Partners, has acquired Cedrus Financial, a registered investment advisor (RIA) based in Littleton, CO, managing about $1 billion in assets. The financial terms of the transaction were not disclosed. 

Founded in 2013, Cedrus Financial will now operate within Arax Advisory Partners, a coalition of independent firms under Arax Investment Partners. This coalition focuses on providing specialized services, investment advice, and solutions for institutions, high-net-worth families, and elite athletes. 

“Our multi-boutique wealth management strategy continues to attract the best in the business, supporting the growth and expansion of the Arax platform,” said Haig Ariyan, CEO of Arax. 

Cedrus Financial is the latest addition to Arax Investment Partners’ strategy, which involves acquiring independent RIAs that continue to operate under their own Form ADVs. These firms are not merged into Ashton Thomas Private Wealth, which Arax acquired in 2023. 

The acquisition of Cedrus Financial marks the latest expansion for Arax Investment Partners. In June 2024, the firm also acquired SRS Capital Advisors, a Denver-based RIA managing around $1.7 billion in assets. 

Connect Money will spotlight rising stars who have made a valuable contribution to the wealth management industry. Based on your nomination, we will recognize professionals who have significantly influenced both the workplace and community. The deadline is February 26. Click here to submit your nominations. 

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Inside The Story

Arax Investment PartnersCedrus Financial

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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