Sequoia to Buy $930M Nashville Advisor

Sequoia Financial Group, LLC, a wealth manager with more than $15 billion in assets under management, has agreed to acquire M Capital Advisors, a registered investment advisor with $930 million in assets.

Financial terms of the deal, which is expected to close on October 31, were not disclosed.

Established in 1993 and based in Nashville, TN, with an office in San Antonio, TX, M Capital Advisors serves high net worth individuals, families and institutional investors.

The firm is led by Frank Mastrapasqua, founder and chairman; Mauro Mastrapasqua, CEO; Edwin Barton, chief portfolio strategist; Patrick Snell, CIO; and Claude Koontz, principal and portfolio manager.

“Becoming part of Sequoia Financial will provide M Capital clients with broader and more tailored wealth management solutions, especially in the high and ultra-high net worth areas, supported by Sequoia’s extensive operational, technological, and financial resources,” said Mastrapasqua.

Based in Akron, OH, Sequoia has had a busy year so far, with the acquisitions of $5 billion Akron, OH-based Zeke Capital Advisors, $387 million Cleveland, OH-based Cirrus Wealth Management, and $418 million Burlington, MA-based Affinia Financial Group. With the addition of the M Capital team, Sequoia will employ 250 people.