- The deal is expected to close in the fourth quarter
- As part of the agreement, Eide Bailly Advisors will become part of Sequoia Financial Group, and Eide Bailly will have an equity investment in Sequoia
- Headquartered in Fargo, North Dakota, Eide Bailly has approximately $1.58 billion in assets under management as of April 30, 2024
Sequoia Financial Group, which is backed by FGA Partners, Valeas Capital Partners and Kudu Investment Management, has acquired Eide Bailly’s wealth management practice.
