Haught said there are two trends Sequoia is watching as the firm focuses on continued growth. One has to do with the move to the fiduciary RIA model. “We believe we are well-positioned to work with a variety of clients in the RIA model,” he said.
The other trend is on the M&A side, where Haught said they also are positioned to help the many principals at “founder-driven” firms who are thinking about succession and transition and “want a good home for their team members and clients.”
Kudu chairman Charlie Ruffel, who also will serve on the Sequoia board, said they “remain enthusiastic and committed investors,” and “look forward to being part of this next chapter of Sequoia’s continued growth, alongside the Valeas team.”
Sequoia, founded in 1991, provides wealth management, asset management, and financial planning services to a range of clients from individuals to family offices. The firm had about $10 billion in client assets as of Dec. 31.