Strengthening Investment Management Capabilities
Sequoia Financial Group, a leading financial services firm, has announced its acquisition of M Capital Advisors, a registered investment advisor based in Nashville. With $930 million in assets under management, M Capital brings a wealth of experience and expertise to the partnership.
Commitment to Client Service
Tom Haught, CEO of Sequoia Financial Group, commended M Capital for its dedication to client service. He acknowledged their demonstrated investment acumen and highlighted that their exceptional investment management capabilities will further enhance Sequoia’s offerings. Both firms share a common commitment to providing tailored service offerings to clients.
In addition to its headquarters in Nashville, M Capital operates an office in San Antonio. This strategic move expands Sequoia Financial Group’s reach and helps establish a stronger presence in these key locations.
Accelerating Growth Strategy
Sequoia Financial Group has prioritized acquisitions as a core component of its growth strategy. With over $15 billion in client assets under management, the firm is ranked No. 41 on the coveted list of top RIA firms. Sequoia has previously sold a $200 million stake to private-equity firm Valeas Capital Partners to fund future acquisitions.
Building on Previous Success
Sequoia’s acquisition of Zeke Capital earlier this year marked a significant milestone, adding $6.2 billion in assets under management. This transaction followed two other successful smaller acquisitions in 2023. The forthcoming acquisition of M Capital will bring the total number of acquisitions this year to four. As a result, Sequoia’s team will expand to include 250 professionals.
Enhanced Wealth Management Solutions
Frank Mastrapasqua, Founder and Chairman of M Capital Advisors, expressed enthusiasm for joining forces with Sequoia Financial. He anticipates that the collaboration will provide M Capital clients with wider and more tailored wealth management solutions, particularly in the high and ultrahigh net worth areas. Mastrapasqua appreciates the added benefit of leveraging Sequoia’s extensive operational, technological, and financial resources to deliver exceptional outcomes for clients.
The deal between Sequoia Financial Group and M Capital Advisors is expected to close by October 31, further solidifying Sequoia’s position as a leading player in the financial services industry.