Houlihan Lokey Advises The Oak Group

Houlihan Lokey is pleased to announce that The Oak Group and Omni Financial Advisory Group, based in Poughkeepsie, New York, along with Millares Asset Management, based in Miami, Florida, have been acquired by Arax Advisory Partners (Arax), a division of Arax Investment Partners, a wealth management platform that oversees $43 billion in assets. The Oak Group and related parties manage ~$1.4 billion in client assets. This partnership marks Arax’s first office location in Poughkeepsie and further expands its national footprint into South Florida.

The Oak Group and related parties will bring their expertise in bespoke wealth planning and investment strategies to Arax. They have deep experience serving high-net-worth individuals, business owners, medical professionals, and athletes.

“The Oak Group is a team defined by its relationship-based approach, commitment to excellence, and willingness to innovate to meet client needs,” Arax CEO, Haig Ariyan, said in a statement. “Their values directly align with our vision and strategic growth plan, and we’re pleased to have the team on board as we look ahead to the future.”

“In Arax, we were pleased to find a partner that is as dedicated to delivering excellent client service as we are,” Ryan Peek, Co-Founder of The Oak Group, said. “We look forward to exploring the new opportunities that this move creates for our clients and advisory practice overall.”

Houlihan Lokey acted as the exclusive financial advisor to The Oak Group and related parties.

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