Sequoia Financial Group Acquires All Star Financial
August 6, 2026
Sequoia Financial Group acquired All Star Financial, an independent wealth management firm based in the Minneapolis–St. Paul area. The deal adds approximately $796 million in assets under management and $566 million in retirement plan assets under advisement as of June 30, 2026, and All Star’s 14 employees and founder/CEO Robert Klefsaas will join Sequoia.
- Buyers
- Sequoia Financial Group
- Targets
- All Star Financial
- Sellers
- Robert Klefsaas (Founder and CEO)
- Industry
- Wealth Management
- Location
- United States
- Transaction Type
- Buyout
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