Arax Investment Partners Buys $1.7 Billion RIA SRS Capital Advisors

By Amit Chowdhry • Jun 23, 2024

Arax Investment Partners, a premier wealth management platform company backed by RedBird Capital Partners, announced the addition of SRS Capital Advisors, an established Registered Investment Advisor (RIA) to the company’s multi-partner wealth management platform.

SRS joins Arax as a major pillar for the platform, bringing best-in-class leadership, strong RIA capabilities and highly sophisticated wealth planning solutions to support Arax’s continued growth and a leading positioning in the industry.

Launched in 2004, SRS specializes in highly tailored wealth management solutions for high-net-worth families and individuals, businesses and foundations. Based in Denver, Colorado with offices in Pittsburgh and Philadelphia, and managing approximately $1.7 billion in AUM, SRS has achieved significant growth over the past two decades, particularly in the family and individual client space, by advocating for an independent, fiduciary approach and delivering a personalized one on one client experience.

SRS will continue to being headed by Managing Directors David Simon, Michael Riordan, and Patrick South, who have a combined 40 years of leadership and experience in the industry, while also enabling a continuous enhancement of services supported by Arax and RedBird.

UBS Investment Bank served as financial advisor and Fried Frank acted as legal counsel to Arax on the transaction. And Waller Helms and Park Sutton Advisors served as financial advisors to SRS Capital Advisors.


“Our partnership with Arax promises substantial improvements in service, operations and technology, enabling us to scale operations, particularly our capabilities in financing, estate and tax planning. Our values of integrity, research and discipline are well matched with Arax’s strategic outlook, allowing us to continue to provide best-in-class services to our clients, both existing and new.”

– David Simon, Managing Director and Co-Founder, SRS Capital Advisors

“The addition of SRS brings another leading wealth management firm with a value of unique and customized approaches to the Arax platform. As we continue to scale our multi-platform approach to wealth management, this strategic partnership will compound opportunities for advisors and their clients across the Arax platform.”

– Haig Ariyan, Chief Executive Officer of Arax

“This latest announcement is a testament to Arax’s ability to continue building a highly differentiated multi-platform wealth management strategy, attracting the best in the business. Pure-play, advisory fee-only RIAs are a core pillar of Arax’s multi-boutique strategy and SRS is key piece of that vertical as we look to continue to scale and diversify.”

– Mike Zabik, Partner, RedBird