The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Sequoia Financial Group, MWG
Sequoia Financial Group, an RIA with $27.6 billion in AuM, has agreed to buy The Martin Worley Group, a wealth manager based in Cottonwood Heights, Utah, part of the Salt Lake City metro area. The financial terms of the acquisition were not disclosed.

MWG serves individuals, multi-generational families, entrepreneurs, foundations and trusts. The firm, established in 2008 and SEC-registered since 2014, has a team of eight and had $430 million in assets under management as of June 30, 2025.

Worley and his partners, Terra Thurgood and Barry Watson, will become equity owners in Sequoia Financial. All MWG colleagues will join the Sequoia Financial team after the transaction closes, which is expected to occur on August 31.

Akron, Ohio-based Sequoia Financial has grown organically and has also acquired other businesses, making a total of nine acquisitions since 2023: Zeke Capital Advisors, Cirrus Wealth Management, Affinia Financial Group, M Capital Advisors, AltruVista, Karpas Strategies, Family Asset Management, Eide Bailly Wealth and Carlson Capital Management.

In total, Sequoia serves more than 11,000 client households in all 50 states and the District of Columbia from 32 offices nationwide. The firm employs more than 400 people.

Benesch served as legal advisor to Sequoia Financial. Miller Johnson served as legal advisor and DeVoe & Company provided consulting and strategic guidance to MWG.