Arax Investment Partners, a wealth and asset management platform company backed by RedBird Capital Partners, announced that it has acquired Cedrus Financial. Cedrus Financial is an established RIA based in Littleton, Colorado, managing around $1 billion in assets under management. The financial terms of the transaction were not disclosed.
This deal marks the latest addition to Arax’s expanding platform, which partners with leading boutique wealth management firms and financial advisors to unlock strategic business growth and offer complementary investment opportunities along with an enhanced client experience. Cedrus will operate within Arax Advisory Partners, which is Arax’s coalition of independent firms focused on specialized services, investment advice, and supervisory solutions for institutions, high-net-worth families, and renowned athletes.
KEY QUOTES:
“At Cedrus, our goal has always been meeting the needs of our clients. Joining the Arax platform provides access to operational synergies and technological advancements that will support the scaled growth of our business, compounding our ability to deliver premium service to our clients and help them achieve their financial goals.”
- Mark Neely, Managing Partner at Cedrus
“Our multi-boutique wealth management strategy continues to attract the best in the business, supporting the growth and expansion of the Arax platform. In Cedrus, we found a partner firm with a unique and personalized approach that prioritizes integrity and collaboration in service of clients – in other words, a natural fit for our platform. We look forward to working with the Cedrus team.”
- Haig Ariyan, Chief Executive Officer of Arax
