Arax ⁤Investment ‍Partners⁢ Expands with Schechter Acquisition

Updated june 05, 2025
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Arax ⁢Investment ‍Partners, backed by RedBird Capital Partners, has acquired Schechter⁣ Investment Advisors (SIA), ​a registered investment advisor (RIA)‌ based in Michigan. The​ deal brings $4 billion in assets ‌under​ management ⁣to arax.

The acquisition strengthens Arax’s foothold in the Midwest and contributes to the company’s ‌growth strategy initiated two and ‍a half years ago.SIA will integrate into Arax Advisory​ Partners, the firm’s network ‍of independent advisory‍ firms. ​Schechter’s Advanced Design Life Insurance business ⁤will remain independent.

Marc Schechter,CEO of Schechter,said joining Arax will provide additional expertise,infrastructure,and resources,allowing the firm to ‌focus more on clients.

Arax Investment Partners CEO Haig Ariyan emphasized SIA’s expertise⁣ in alternative ‍investments and multigenerational wealth planning ​as crucial ⁢factors in the acquisition. Ariyan noted Schechter’s remarkable capabilities ⁢in the⁤ alternative‌ investment space.

This move follows ‌Arax’s previous acquisition of Cedrus Financial,a Colorado-based RIA managing $1 billion in assets. Arax is ‍also actively ‌recruiting advisor teams, recently adding ‌Lance ‌millar ⁤and Stewart Preziose, who managed $900 ⁢million at SVB Private.

Through Arax Advisory Partners, Arax Investment Partners continues to⁢ grow its network of independent firms, focusing‌ on providing tailored investment advice and planning solutions.

What’s next

Arax investment Partners ⁢plans to further ⁤expand its‍ network and enhance its service offerings‍ in wealth and asset management, focusing ⁢on strategic acquisitions and advisor recruitment.