RedBird Capital Partners-backed Arax Investment Partners completed the acquisition of SRS Capital Advisors.

RedBird Capital Partners-backed Arax Investment Partners, a wealth management platform company, completed the acquisition of SRS Capital Advisors, an established Registered Investment Advisor. Financial terms were not disclosed. "Our partnership with Arax promises substantial improvements in service, operations and technology, enabling us to scale operations, particularly our capabilities in financing, estate and tax planning," David Simon, SRS Capital Advisors Managing Director and Co-Founder.