RedBird-backed Arax buys Transcend
The Madison, New Jersey registered investment adviser manages more than $3 billion for over 1,000 client relationships.
Takeaways
- Transcend manages more than $3 billion for over 1,000 client relationships.
- The firm will retain its brand and leadership team within Arax.
- The acquisition is expected to close in the third quarter.
RedBird Capital Partners-backed Arax Advisory Partners agreed to acquire Transcend Capital Advisors, a Madison, New Jersey registered investment adviser serving high-net-worth individuals and families.
Transcend manages more than $3 billion across more than 1,000 client relationships and has additional offices in Florida and Michigan.
The firm will retain its brand and leadership team within Arax's national wealth-management platform.
The acquisition, Arax's seventh firm addition in 2026, is expected to close in the third quarter, subject to customary conditions.
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