Arax acquires Schechter’s RIA business

The acquisition is expected to enhance Arax’s presence in high-growth markets throughout the US. Credit: kan_chana/Shutterstock.

Arax Investment Partners, a wealth management platform supported by RedBird Capital Partners, has acquired Schechter Investment Advisors (SIA).

Financial details of the deal were not shared.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

SIA is the RIA arm of Schechter, a boutique wealth advisory and financial services firm based in Birmingham, Michigan. As of May 2025, SIA managed $4bn in assets.

This acquisition is said to strengthen Arax’s presence in high-growth markets across the US, particularly in the Midwest.

SIA and its team will integrate into Arax Advisory Partners, a coalition of independent firms offering specialised services, investment advice, and planning solutions for high-net-worth families, individuals, and institutions.

Schechter’s Advanced Design Life Insurance business will continue to operate as a separate, independent entity.

GlobalData Strategic Intelligence

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Schechter CEO Marc Schechter said: “For almost a century, we have found success by reaching across the financial landscape to identify the strategies and opportunities that best serve our clients and their goals.

“By joining the Arax platform, we benefit from the additional expertise, infrastructure and resources, allowing us to focus even more on what matters most: our clients.”

Existing clients will gain access to a broader range of planning and investment solutions, while advisors will benefit from strategic business development opportunities to expand their practices and improve client experiences, stated Arax.

Arax CEO Haig Ariyan said: “The Schechter team is known for thoughtful, multi-generational financial planning and sophisticated investment solutions – exactly the type of partner we are looking for as the Arax platform scales.

“Schechter Investment Advisors was a natural fit given our complementary values and aligned strategic visions, as well as Arax’s focus on building capabilities in the Midwest.”

In January this year, Arax acquired Cedrus Financial, a RIA in Littleton, Colorado, managing around $1bn in assets.