Private-Equity-Backed Arax Buys $1.7 Billion Denver RIA
It’s the latest deal for Arax, which launched in 2022 with backing from private-equity firm RedBird Capital Partners. Arax Investment Partners has acquired SRS Capital Advisors, a Denver-based registered investment advisor with about $1.7 billion in assets under administration. The acquisition is part of Arax Investment Partners, a multi-boutique wealth management platform led by CEO Haig Ariyan, a former Raymond James Financial executive. The company, backed by private-equity firm RedBird Capital Partners, also has $19 billion worth of assets under Administration.
gepubliceerd : 11 maanden geleden door Andrew Welsch in Finance
Arax Investment Partners has acquired SRS Capital Advisors, a Denver-based registered investment advisor that has about $1.7 billion in assets under administration.
The deal, announced Tuesday, is the latest acquisition by Arax, which describes itself as a “multi-boutique wealth management platform” and is led by CEO Haig Ariyan, a former Raymond James Financial executive. The company, which has $19 billion in assets under administration, has the backing of private-equity firm RedBird Capital Partners.
Onderwerpen: Markets