Sequoia Financial Group to acquire Carlson Capital Management.
Financial terms were not disclosed.
Founded in 1987, CCM provides integrated wealth management services, including investment, retirement, tax, estate, risk management and philanthropic planning, to approximately 1,300 clients, primarily in the greater Minneapolis-St. Paul area. CCM has 80 team members, including 30 wealth advisors. Upon completion of the acquisition, co-founders Gregory Carlson and Jeffrey Carlson will become senior strategic advisors, and CEO Justin Stets will be executive vice president of integrated wealth services for Sequoia Financial, reporting to CEO Tom Haught.
With CCM’s four Minnesota locations, Sequoia Financial will have 34 offices in 19 states. Sequoia Financial has grown organically and through acquisitions to expand its services and geographic footprint.
