Sequoia Financial Group Names M&A Veteran Michael Marhofer as Executive Vice President and General Counsel

AKRON, Ohio, March 19, 2025 /PRNewswire/ -- Sequoia Financial Group, LLC (Sequoia Financial), an SEC-registered wealth manager with $22.6 billion in assets under management as of Dec. 31, 2024, today announced the appointment of Michael Marhofer as executive vice president, general counsel, and corporate secretary.

Marhofer has more than 30 years of experience as a corporate attorney focused on mergers, acquisitions, joint ventures and divestitures for a wide range of companies, private equity firms, family offices, private companies and individuals.

"We have known Mike for years, as an ambassador in the community and as our outside counsel, and he will be an important and influential member of the Sequoia Financial team," said Tom Haught, CEO of Sequoia Financial. "Not only is Mike a skilled attorney with expertise in mergers and acquisitions, he is an exceptional mentor and leader and will help us execute our inorganic growth strategy. Our clients, partners and team members will benefit greatly from his expertise and integrity."

Before joining Sequoia Financial, Marhofer was a partner at Benesch Law Firm in Cleveland, Ohio, where he was co-chair of its Corporate & Securities Practice and a member of the executive committee. He holds a bachelor's degree in business and marketing from Miami University in Ohio, an MBA from the University of Akron, and a juris doctor from the University of Akron School of Law.

"As outside counsel for many years, Mike represented Sequoia Financial on numerous transactions including our partnerships with Kudu Investment Management and Valeas Capital Partners and supported 11 of our acquisitions since that time," said Kevin Tichnell, executive vice president and chief acquisitions officer. "He's an expert in working with founder-owned businesses and private equity transactions, and we're pleased that he's now part of our in-house team."

Since 2023, Sequoia Financial has made eight acquisitions, including Zeke Capital Advisors, Cirrus Wealth Management, Affinia Financial Group, M Capital Advisors, AltruVista, Karpas Strategies, Family Asset Management, and Eide Bailly Wealth. In January 2025, Sequoia Financial reached an agreement to acquire Minnesota-based Carlson Capital Management, LLC with $3.8 billion in client assets.

Sequoia Financial offers services to clients across the wealth continuum. Sequoia Financial has been serving high net worth individuals and families since 1991 and launched Sequoia Sentinel in 2023 to expand its family office services. These tailored services include asset management, tax management, wealth transfer, asset transactions, and charitable planning to meet the challenges inherent to generational wealth. Sequoia Financial has 30 offices in 19 states, growing organically and through acquisitions to expand its services and geographic footprint.

About Sequoia Financial Group
Sequoia Financial Group, LLC, founded in 1991, takes a client-centered approach to providing wealth management services, including asset management, estate and retirement planning, fiduciary consulting, and family wealth. Sequoia Financial builds and maintains strong relationships that emphasize long-term planning to help clients reach their financial and life goals. The firm was named by Barron's as one of the top RIA firms in the U.S. in 2024 for the sixth consecutive year. Sequoia Financial had more than $22.6 billion in assets under management as of Dec. 31, 2024. For more information, visit www.sequoia-financial.com.

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Investment advisory services offered through Sequoia Financial Advisors, LLC, an SEC Registered Investment Advisor. Registration as an investment advisor does not imply a certain level of skill or training.

The tax and estate planning information offered by the advisor is general in nature. It is provided for informational purposes only and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Tax preparation is done by a 3rd party and not Sequoia Financial Group.

On September 16, 2024 Sequoia placed 28th on the Barron's list for the year 2024 (41st in 2023, 48th in 2022, 66th in 2021, 64th in 2020 and 47th in 2019). Barron's weighs dozens of qualitative and quantitative components, including assets managed, the size and experience of teams, regulatory record of the advisors and firms, succession planning, technology spending, and staff diversity based off a 102-question survey. Investment performance isn't an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients' risk tolerance than by an advisor's investment-picking abilities. No fees in any years awarded were paid or incurred to receive this recognition. $18,950 was spent in 2023, $6,940 was spent in 2022, $8,500 was spent in 2021, $0 in 2020, and $17,240 in 2019 for marketing collateral associated with the award to be used on social media, our website, and email signatures. To view the full Barron's rankings, click here.

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SOURCE Sequoia Financial Group, LLC