RedBird Capital-backed Arax Investment completed the acquisition of Ashton Thomas Private Wealth.

RedBird Capital-backed Arax Investment, a wealth management platform company, completed the acquisition of Ashton Thomas Private Wealth, a diversified financial advisory firm. Financial terms were not disclosed. “We are pleased to welcome Ashton Thomas and its distinguished team to Arax’s platform. Ashton Thomas’ client focus, leadership, and ambition match our vision for capitalizing on the opportunities in the fragmented wealth management space. Arax is an attractive partner for top-tier wealth managers and advisors who want to scale their businesses with a supportive partner and improve their client offerings, retention, and growth,” Haig Ariyan, Arax CEO.