#USA #Akron #Sequoia Financial #Mergers and Acquisitions #Michael Marhofer

Sequoia Financial Group Welcomes M&A Veteran Michael Marhofer to Leadership Team

In a strategic move to enhance its executive team, Sequoia Financial Group, LLC has announced the appointment of Michael Marhofer as its new Executive Vice President, General Counsel, and Corporate Secretary. This significant addition comes at a pivotal moment as the firm seeks to strengthen its position in the wealth management sector, leveraging Marhofer's extensive experience in mergers and acquisitions (M&A).

Having accumulated over 30 years of experience as a corporate attorney, Michael Marhofer is poised to provide invaluable insights and guidance in executing Sequoia Financial's ambitious growth strategy. His expertise includes navigating complex mergers, acquisitions, joint ventures, and divestitures, making him an exemplary fit for the role.

CEO Tom Haught expressed enthusiasm about Marhofer’s appointment, stating, "We have known Mike for years as an ambassador in the community and as our outside counsel. He will be a vital asset to the Sequoia Financial team. Not only does he bring exceptional expertise in M&A, but he is also a remarkable mentor and leader." Haught emphasized that Marhofer's leadership would greatly benefit clients, partners, and team members alike, enhancing the firm's capacity to address the evolving challenges in the wealth management space.

Before joining Sequoia Financial, Marhofer had a notable tenure at Benesch Law Firm in Cleveland, Ohio, where he served as a partner and co-chair of the Corporate Securities Practice. He was also active on the firm's executive committee, thereby honing his leadership skills. Marhofer's academic credentials are equally impressive, holding a bachelor’s degree in business and marketing from Miami University, an MBA from the University of Akron, and a juris doctor degree from the University of Akron School of Law.

Marhofer has a history of collaboration with Sequoia Financial, having represented the firm on several critical transactions, including partnerships with Kudu Investment Management and Valeas Capital Partners. Notably, he has supported 11 acquisitions since his partnership began, making him familiar with Sequoia's operational landscape and growth aspirations. His expertise in working with founder-owned businesses and private equity transactions will be instrumental as Sequoia continues to pursue further acquisitions.

Since 2023, Sequoia Financial has successfully completed eight acquisitions, expanding its services and offerings. These include notable firms like Zeke Capital Advisors, Cirrus Wealth Management, and Affinia Financial Group among others. The firm recently finalized an agreement to acquire Carlson Capital Management, which boasts $3.8 billion in client assets. This significant expansion indicates Sequoia's commitment to building its geographic footprint and wealth management capabilities.

Sequoia Financial aims to cater to high-net-worth individuals and families, offering a comprehensive suite of services. Since its inception in 1991, the firm has fostered client-centered relationships designed to promote long-term financial planning. With the introduction of Sequoia Sentinel in 2023, the company has enhanced its family office services, focusing on areas such as asset management, tax management, wealth transfer, and charitable planning — critical aspects for navigating the complexities of generational wealth.

With 30 offices across 19 states, Sequoia Financial is dedicated to growing organically and through acquisitions, refining its service model to meet the intricate demands of a diverse client base.

As highlighted by the accolades showered upon Sequoia, being ranked among the top Registered Investment Advisors (RIA) in the U.S. for the sixth consecutive year by Barron’s signifies its commitment to excellence and superior client service. As of December 31, 2024, the firm has managed assets totaling $22.6 billion, showcasing its solid reputation and trust within the wealth management community.

In conclusion, Michael Marhofer's appointment is a significant milestone for Sequoia Financial, reinforcing its leadership and innovative direction in wealth management. His strategic insights and robust experience will undoubtedly play a crucial role in driving the firm's continued success in the evolving financial landscape.