Sequoia Financial Group, LLC, a financial planning, wealth management, and asset management firm with $8 billion in client assets, has entered into an agreement to acquire Mayfield Heights, Ohio-based NCA Financial Planners. When the deal closes, which is expected to occur by Dec. 31, the combined firm will have $10 billion in client assets. Terms were not disclosed.
The firm will operate under the Sequoia brand and employ approximately 145 people, including all 27 NCA employees. NCA CEO Kevin Myeroff will become principal and senior strategic advisor and a shareholder of Sequoia.
As of Sept. 30, 2021, NCA Financial Planners managed or advised approximately $1.7 billion in assets. In April 2021, Sequoia acquired WEALTHSTONE ADVISORS, which added 17 employees and $1.4 billion in assets to the firm.
Benesch, Friedlander, Coplan & Aronoff LLP served as legal advisor to Sequoia.