Akron-based Sequoia Financial Group, an SEC-registered wealth manager with more than $19.3 billion in assets under management, has acquired the weaslth management practice of Fargo, N.D.-based accounting firm Eide Bailly.
Eide Bailly’s wealth management practice serves individuals, trusts, estates, pension and profit-sharing plans, businesses, and charitable organizations.
As part of the agreement, Eide Bailly Advisors, an SEC-registered firm with
approximately $1.58 billion in assets under management, will become part of Sequoia Financial
Group, and Eide Bailly will have an equity investment in Sequoia. The firms expect the
transaction to close in the fourth quarter.
