Arax Investment Partners, a RedBird Capital Partners–backed wealth and asset management platform, has acquired GFP Private Wealth, a registered investment advisor with $1.5 billion in assets under management. GFP, led by CEO Carina Diamond and headquartered in Cleveland, OH, will join Arax Advisory Partners, a structure that allows RIAs to retain their legal independence while tapping shared resources and infrastructure. 

“GFP was built nearly 50 years ago on the belief that independent, high-quality advice can change clients’ lives,” Diamond said. “We have been preparing for this next phase of growth, and our partnership with Arax gives our team the depth, infrastructure and strategic support necessary to deliver the personalized experience our clients trust at a scale that matches their evolving needs.” 

Colchester Partners served as the exclusive financial advisor to GFP Private Wealth on this transaction. 

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