Sequoia Financial Group LLC, a registered investment advisor with $4.7 billion in client assets, and Kudu Investment Management, LLC, 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."