In an M&A world, where consolidation is the preferred mode of operation, two area firms have found a way to take advantage of the benefits of the process while remaining independent.
Sequoia Financial Group LLC and Cohen & Co. Ltd. have finalized an agreement in which they will share ownership interest while acting as preferred service providers for one another.
“We did not feel that starting a financial services practice on our own would be in the best interests of our clients,” says Randy Myeroff, managing partner of Cohen & Co. “At the same time, we wanted to be able to be actively involved in the planning process and be able to offer seamless service where these two practices overlap.”
Both companies looked at a number of opportunities, but decided this arrangement best suited their clients.
“The agreement … allows us to benefit from the synergy between accounting and wealth management services,” says Sequoia President Tom Haught. “At the same time, we’ll still be able to determine the best course of to take in meeting our clients needs.” How to reach: Sequoia Financial Group LLC, (330) 375-9480; Cohen & Co. (216) 774-1102
Daniel G. Jacobs