NEW YORK and AKRON, Ohio, July 7,
2020 /PRNewswire/ -- Sequoia Financial Group, LLC (Sequoia),
a registered investment advisor with $4.7
billion in client assets, and Kudu Investment Management,
LLC (Kudu), an independent provider of long-term capital
solutions to asset and wealth managers worldwide, have
announced that Kudu has made a strategic investment in Sequoia.
Financial terms were not disclosed.
Sequoia provides financial planning, asset management, family
wealth and retirement planning services. The firm is majority-owned
by employees and continues to be led by Tom
Haught, founder, president and CEO.
"In our pursuit of building an enduring firm, we are creating
generational capital that will strengthen us now and offer
durability and continuity for the future," Haught said. "Kudu's
investment will help accelerate our U.S. expansion plans and
support our mission, which is to be our clients' most trusted
advisor."
"Tom and the Sequoia team have built a lasting and
client-centric wealth management platform," said Rob Jakacki, CEO of Kudu Investment Management.
"We were attracted to the quality of leadership and focus on
investor outcomes at Sequoia and are thrilled to be partnering with
them."
Established in 1991, Sequoia has 88 employees in six locations
throughout Florida, Michigan, and Ohio. Sequoia was recognized by Schwab Advisor
Services with the 2019 Best-in-Business IMPACT Award™ and named one
of Barron's Top 50 RIAs for 2019. Learn more
here: https://www.sequoia-financial.com/awards.
Founded in 2015, Kudu now has 13 partner firms that
collectively invest $57 billion on
behalf of individual and institutional investors worldwide in
traditional and alternative strategies, as of March 31, 2020. Kudu, with more than $500 million in capital commitments to date, is
partnered with White Mountains Insurance Group, Ltd. (NYSE: WTM), a
financial services holding company.
Colchester Partners, LLC served as financial advisor and
Benesch, Friedlander, Coplan & Aronoff LLP served as legal
advisor to Sequoia. Seward & Kissel LLP served as legal advisor
to Kudu.
About Sequoia
Founded in 1991, Sequoia Financial Group, LLC takes a
client-centered approach to providing comprehensive financial
planning and wealth management services, including asset
management, estate and retirement planning, fiduciary consulting
and family wealth. Sequoia is committed to exceptional client
service by building and maintaining strong relationships that
emphasize long-term planning to help clients reach their financial
and life goals. Learn more here:
https://www.sequoia-financial.com/
About Kudu Investment Management
Kudu provides long-term capital solutions—including generational
ownership transfers, management buyouts, acquisition and growth
finance, as well as liquidity for legacy partners—to asset and
wealth managers. Kudu was founded in 2015 and is backed by capital
partner White Mountains Insurance Group, Ltd. (NYSE: WTM). For more
information, please visit Kudu's website.
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SOURCE Kudu Investment Management, LLC