Arax Investment Partners Acquires Schechter Investment Advisors
May 31, 2025
Arax Investment Partners, a RedBird-backed wealth management platform, has acquired Schechter Investment Advisors (SIA), the RIA arm of Schechter based in Birmingham, Michigan. SIA manages approximately $4.0 billion in assets and will integrate into the Arax platform while Schechter's Advanced Design Life Insurance business remains a separate entity.
- Buyers
- Arax Investment Partners
- Targets
- Schechter Investment Advisors (SIA)
- Platforms
- Arax Advisory Partners
- Industry
- Wealth Management
- Location
- Michigan, United States
- Transaction Type
- Addon
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