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.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
