Sequoia Financial Group Acquires Zeke Capital Creating $15B RIA

Sequoia Financial Group has acquired $5 billion-plus Zeke Capital Advisors, a multifamily office that provides investment advice, portfolio management and wealth planning. The deal, which is expected to close at the end of the month, represents one of the largest registered investment advisor transactions of the year and will bring Sequoia’s total assets to more than $15 billion.

The acquisition will double the size of Akron, Ohio-based Sequoia’s family wealth practice, both in terms of assets and in client households, with the combined teams offering a full suite of services to ultra-high-net-worth families and institutions.

“Together, we will broaden and deepen Sequoia’s Family Wealth practice, add to our full-service team of Family Wealth advisors, and enhance the range of our investment offerings as we expand our role within this strategic market,” said Sequoia’s founder and CEO Tom Haught.

Zeke, founded in 2008 in Berwyn, PA, by veteran fund manager Edward Antoian, is led by Antoian and Gee Smith, partner and president. Zeke will begin operating under the Sequoia Financial Group brand on March 1. Antoian and Smith will remain actively involved with the firm.

Sequoia sold a minority stake to Valeas Capital Partners for $200 million in October 2022 as the wealth manager sought additional capital for acquisitions such as the Zeke deal.