Arax Buys US Capital Wealth In Latest Asset Manager Merger

By Jade Martinez-Pogue (April 11, 2024, 5:47 PM EDT) -- Wealth management platform Arax Investment Partners, advised by Fried Frank Harris Shriver & Jacobson LLP, announced on Thursday that its assets under management will grow to $16 billion following its acquisition of independent wealth management firm U.S. Capital Wealth Advisors, in a deal marking the latest in a string of mergers between asset managers....

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