Sequoia Financial Group is acquiring M Capital Advisors, a Nashville, Tennessee-based RIA that oversees $930 million in assets, the firm announced Friday.
Terms of the transaction were not disclosed.
M Capital, which was founded in 1993, provides portfolio management services to individuals and institutions. The firm, which also has an office in San Antonio, Texas, is led by founder and chairman Frank Mastrapasqua.
M Capital’s team of 13 includes CEO Mauro Mastrapasqua, chief portfolio strategist Edwin Barton, chief investment officer Patrick Snell, and Claude Koontz, principal and portfolio manager.
“Becoming part of Sequoia Financial will provide M Capital clients with broader and more tailored wealth management solutions, especially in the high and ultra high net worth areas, supported by Sequoia’s extensive operational, technological, and financial resources,” Frank Mastrapasqua said in a statement.
Akron, Ohio-based RIA Sequoia oversees more than $15 billion in assets for clients from locations across the country. This is its fourth acquisition this year, following deals for Zeke Capital Advisors, Cirrus Wealth Management and Affinia Financial Group. The M Capital transaction will boost Sequoia’s head count to 250.
Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.
The Labor Department's reversal from its 2022 guidance has drawn approval from crypto advocates – but fiduciaries must still mind their obligations.
With $750 million in assets and plans to hire a RIA Growth Lead, Autopilot is moving beyond retail to court advisors with separately managed accounts and integrations with RIA custodians such as Schwab and Fidelity.
Elsewhere on the East Coast, a Boca Raton-headquartered shop has acquired a fellow Florida-based RIA in "a natural evolution for both organizations."
After advising on nearly $700 million in retirement assets, 27-year veteran Greg Mykytyn is bringing his expertise in ESOP and 401(k) plans to the national RIA in Texas.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
