Sequoia Announces Acquisition of RAV Financial
AKRON, Ohio – Sequoia Financial Group, an affiliate of Cohen & Co., will acquire RAV Financial, Beachwood, Sequoia President and CEO Tom Haught announced this week.
Terms of the agreement were not disclosed. RAV will adopt the Sequoia name Oct. 1, Haught said.
With the $500 million in assets RAV has under advisement, Sequoia will have more than $3 billion in assets under advisement pro forma and more than 60 employees. Sequoia has 48 employees among its offices in Akron, Cleveland and Tampa, Fla.
Sequoia, founded in 1991, provides financial planning and wealth management services to individuals with a high net worth, as does RAV, founded by its CEO, Robert Valente, 34 years ago.
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