Sequoia Financial Group acquires Charleston-based Family Asset Management
Oct 31, 2024•about 1 year ago
Acquiring Company
Sequoia Financial Group
Acquired Company
Family Asset Management
AkronCharlestonFinancial ServicesFinanceFinancial ServicesDescription
Sequoia Financial Group, LLC has acquired Family Asset Management (FAM), a Charleston, South Carolina-based investment advisory firm with more than $300 million in assets under management. The acquisition expands Sequoia Financial's footprint in the Southeast and provides a broader and deeper set of resources and investment offerings for FAM's clients. FAM's team, led by Andrew Barrett and Dan Russler, will join forces with Sequoia Financial to continue the legacy they've built.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed