RedBird-backed Arax Investment Partners completed the acquisition of Summit Wealth Strategies.

RedBird-backed Arax Investment Partners, a wealth and asset management platform, completed the acquisition of Summit Wealth Strategies, an independent registered investment advisor. Financial terms were not disclosed. “At Arax, we’re building a platform for accomplished advisors who combine an entrepreneurial mindset with an unwavering commitment to client outcomes. The team at Summit exemplifies that spirit. Their culture of integrity, professionalism and growth makes them a natural fit for our model. We’re excited to support their continued expansion and to help them deliver even greater value to the clients and communities they serve,” Haig Ariyan, Arax Investment Partners CEO.