Sequoia Financial Group, an Ohio-based wealth management firm, has acquired Michigan-based peer LJPR Financial Advisors. Financial terms of the deal were not revealed.

Established in 1989, LJPR is a fee-only wealth manager offering retirement planning, investment management, estate planning as well as tax planning. The business oversees $776m in assets.

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The merger deal will boost Sequoia’s total assets to almost $5bn and increase the firm’s headcount to 91 from 66.

Tom Haught will remain Sequoia president, with responsibility for driving the strategic direction of the brand.

“LJPR aligns perfectly with our strategy and culture, and complements our existing business exceptionally well. This merger provides greater growth and innovative services to our clients, employees and partners, thus building a sustainable firm that can outlast any individual leader,” Haught stated.

As part of the deal, LJPR managing partner and CEO Leon LaBrecque will join Sequoia as chief growth officer.

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At Sequoia, LaBrecque will manage the expansion of the firm’s Midwest presence.

“The exceptional care of our clients is one thing LJPR and Sequoia have each prioritised in our respective 29 and 27 years before this merger. Tom and I are thrilled that our combined team will have the capacity and resources that allow us to continue that legacy and even to expand upon it, making us better together,” LaBrecque noted.

Sequoia offers asset management, estate and retirement planning, fiduciary consulting, family wealth along with institutional services. The business currently has offices in Ohio, Florida and Michigan.