Sequoia Financial Group has acquired Karpas Strategies, an independent investment manager serving ultra-high-net-worth families, foundations and trusts for more than 30 years.
Karpas Strategies will become part of Sequoia Financial's Sequoia Sentinel Family Office. Financial terms were not disclosed.
Founded in 1994 by Matthew Karpas, Litchfield, Conn.–based Karpas Strategies is an SEC-registered investment adviser managing more than $420 million for its clients as of July 2024. More than 75 percent of the firm's assets under management come from multigenerational relationships, and two-thirds of its assets under management are female-owned.