Faegre Drinker Advises Carlson Capital Management in its Transaction with Sequoia Financial

A Faegre Drinker team led by corporate partner Brandon Mason advised Carlson Capital Management (CCM), a comprehensive investment advisory and integrated wealth management firm with $3.8 billion in client assets as of December 31, 2024, in its sale to Sequoia Financial Group, a provider of wealth management services, including asset management, estate and retirement planning, fiduciary consulting, and family wealth. The firms expect to complete the transaction on March 31, 2025.

The integration of the two firms will allow CCM to draw on Sequoia Financial resources to bring additional value and depth to client financial situations. The transaction represents Sequoia Financial’s largest acquisition by number of employees and wealth advisors and will expand its national footprint with the addition of internal tax planning and preparation services.

The deal team also included corporate associates Shane Solinger and Allison Kolberg; tax partner Lisa Pugh; labor & employment partner Dan Prokott, benefits and executive compensation partner Mark Rosenfeld; real estate counsel Richard Hayes and private client counsel Dan Donovan.

See CCM’s press release for more details on the combination.