RIA Sequoia Financial Strikes Deal, Pushing Assets to $7B

Sequoia Financial Group says it is acquiring Wealthstone Advisors in a deal that should create an RIA with more than $7 billion in assets under managementand 110 employees. The combined firm will be based in Akron, Ohio, and operate under the Sequoia brand. Wealthstone principals Jim Wyland, Norm Cook, Brian Stertzer and Jack Zhang will become shareholders of Sequoia Finanicial.