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Sequoia Financial Acquires $2.3B RIA in Colorado

Sequoia Financial Acquires $2.3B RIA in Colorado

Direct Investment | September 2, 2026

Wealth manager Sequoia Financial Group has acquired a wealth management firm that oversees roughly $2.3 billion in assets under management, bolstering its presence in Colorado.  Denver-based BSW Wealth Partners, which was founded in 1992 and is led by David Wolf, provides financial planning and wealth management services to high-net-worth clients.  Following the acquisition, BSW clients

AI Chip Startup Etched Raises $700M, Doubling Valuation to $21B

AI Chip Startup Etched Raises $700M, Doubling Valuation to $21B

Alternative Assets | September 2, 2026

Etched has raised $700 million at a $21 billion valuation, doubling its implied valuation less than a month after a $300 million Series C, as investors place large bets on specialized hardware for running advanced artificial-intelligence models. Quantitative trading firm Jane Street led the round, joined by Kleiner Perkins, Sequoia, Andreessen Horowitz, Tiger Global, Bain

Montana Board Allocates $310M Across Private Markets

Montana Board Allocates $310M Across Private Markets

Alternative Assets | September 2, 2026

The Montana Board of Investments disclosed $310 million in commitments across four real estate, real assets and private equity funds, according to materials from its August meeting. Montana committed $50 million to Marcus Capital Partners Fund V, a value-add real estate vehicle targeting industrial, multifamily and select property types. Marcus Partners closed the fund in

Wealth Enhancement Nabs $376M RayJay FA Team

Wealth Enhancement Adds $376M RayJay FA Team

RIAs & Financial Advisors | September 2, 2026

Wealth Enhancement has scooped up a hybrid registered investment advisory team from Raymond James, where they managed over $376 million in assets under management.  Glen Allen, VA-based Dickerson Jackson & Associates, founded in 2004, is led by managing partners Jeff Dickerson and Todd Jackson and includes two support members.  Dickerson Jackson & Associates offers financial