Sequoia Financial Group (Sequoia Financial), an SEC-registered wealth manager has acquired Family Asset Management (FAM), an investment advisory firm based in Charleston, South Carolina. Burr & Forman advised FAM on the transaction.

FAM, established in 2004, is an SEC-registered investment adviser with over $300m in assets under administration as of 30 September 2024. FAM offers financial planning and investment management services to wealthy individuals, multigenerational families, corporations, and foundations.

Additionally, FAM broadens Sequoia Financial's presence in the Southeast, a key and expanding region for the company. FAM is directed by Andrew Barrett, the chief operations officer and partner, and Dan Russler, the chief investment officer and founding partner.

“Becoming part of Sequoia Financial is the culmination of a thoughtful, strategic search for the right partner that will allow us to continue our service-first approach to wealth management that we’ve had for two decades,” said Russler.

Sequoia Financial has grown to 16 offices throughout 10 states, including the new Charleston site. It has expanded its services and global coverage through both organic growth and acquisitions.