Sequoia Financial buys $2.3B RIA BSW to expand in Colorado
What's the deal? Sequoia Financial GroupDealroom has a profile for this one. Try Dealroom → has acquired BSW Wealth PartnersDealroom has a profile for this one. Try Dealroom →, a Boulder-based independent wealth manager with roughly $2.3 billion in client assets as of June 30, 2026. Terms were not disclosed. BSW, founded in 1992, serves a national client base from offices in Boulder and Denver, and will now operate under the Sequoia FinancialDealroom has a profile for this one. Try Dealroom → brand.
What's the endgame? The Akron, Ohio-based buyer manages $34.9 billion in assets and is building a national wealth-management platform through steady organic growth and selective acquisitions. BSW clients gain access to Sequoia's specialists in tax, estate, and special needs planning, plus its Sequoia SentinelDealroom has a profile for this one. Try Dealroom → family office services.
Why now? The deal follows Sequoia's August acquisition of All Star FinancialDealroom has a profile for this one. Try Dealroom →, a Twin Cities manager with $1.3 billion in client assets. Sequoia now supports about 11,000 client households from 43 offices, with clients in all 50 states and the District of Columbia.
What they're saying: "We are pleased to welcome them to the Sequoia Financial family as we expand our presence in Colorado," said Tom Haught, chairman and chief executive officer of Sequoia Financial. BSW chief executive officer David Wolf pointed to "the incredible alignment of BSW's ethos to Make Life Better and Sequoia's vision of Enriching Lives."
Warner Norcross + JuddDealroom has a profile for this one. Try Dealroom → served as BSW's legal advisor, and Hue PartnersDealroom has a profile for this one. Try Dealroom → provided strategic guidance.
The signal: Registered investment advisors continue to consolidate, as larger firms buy regional practices to broaden their national footprint and add specialised capabilities. Sequoia's back-to-back deals in Colorado and Minnesota show how quickly that roll-up strategy is reshaping the wealth-management landscape.
Image credit: Yuya Sekiguchi
