Arax Advisory Partners Acquires $4 Billion RIA Schechter Investment Advisors
June 4, 2025
As announced in the publications below — click each logo to read the full article.
Arax Investment Partners, a wealth management platform supported by RedBird Capital Partners, has acquired Schechter Investment Advisors (SIA).
SIA is the RIA arm of Schechter, a boutique wealth advisory and financial services firm based in Birmingham, Michigan. As of May 31, 2025, SIA managed $4 billion in assets.
SIA and its team will integrate into Arax Advisory Partners, a coalition of independent firms offering specialized 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.
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”