M and A

Signature Estate & Investment Advisors Makes Largest Acquisition To Date

Editorial Staff May 2, 2024

Signature Estate & Investment Advisors Makes Largest Acquisition To Date

SEIA said that this was just the beginning of its M&A endeavors. It expects to make significant additional acquisitions across the nation.

Signature Estate & Investment Advisors (SEIA), an independent registered investment advisor, has entered into a definitive agreement to acquire Cedar Brook, a $2 billion RIA based in Cleveland, Ohio.

This acquisition is expected to close in June 2024, subject to satisfactory customary closing conditions. On completion, the deal will bring SEIA’s AuM to over $22 billion with 155 employees and advisors across 20 offices, the firm said in a statement.

Cedar Brook will represent SEIA’s first major expansion into the Midwest, and its largest transaction since partnering with Reverence Capital Partners in 2022.

This partnership will strengthen SEIA's presence in Ohio, Pennsylvania, and Michigan. Cedar Brook's proficiency in financial planning complements the recent appointment of April Rosenberry for advanced trust and estate planning, the firm said. Additionally, SEIA offers comprehensive wealth management services, including client model and custom portfolios, concierge-level service, access to alternative investments, and a new broker dealer, Signature Estate Securities.

“SEIA is positioning itself for strategic national growth opportunities” Cameron Stagg, director of M&A, said. "This is just the beginning of SEIA's M&A endeavors. We expect significant additional acquisitions across the nation."

Greenberg Traurig, LLP served as legal counsel to SEIA in connection with the transaction and Calfee, Halter & Griswold LLP and Ciano & Goldwasser, LLP served as legal to Cedar Brook.

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