Sequoia Financial Group LLC, a SEC-registered wealth manager with nearly $16 billion in assets under management, has agreed to purchase Affinia Financial Group LLC, a wealth manager offering a specialty practice dedicated to special needs financial planning.
Affinia, based in Burlington, Mass., is a SEC-registered firm with $418 million in assets under management as of August 10. It serves high net worth individuals, families, trusts and estates. Formed in 2019, Affinia employs a team of 10 professionals.
“Affinia’s work with families who have members with special needs is an important addition to our firm,” states Tom Haught, founder and CEO of Sequoia. “It supports Sequoia’s ‘built for you’ strategy, which equips our advisors with the resources they need to have a deep and personal effect on our clients’ lives.”
Benesch, Friedlander, Coplan & Aronoff LLP served as legal advisor to Sequoia. Republic Capital Group and Meltzer, Purtill & Stelle LLC served as financial and legal advisors, respectively, to Affinia.