Houlihan Lokey Advises Transcend Capital Advisors

Houlihan Lokey is pleased to announce that Transcend Capital Advisors, LLC (Transcend), an independent registered investment advisor (RIA) with more than $3 billion in assets under management as of June 30, 2026, has been acquired by Arax Advisory Partners (Arax), a premier wealth management platform. The transaction closed on July 31, 2026.

Founded in 2019 by former New York Stock Exchange CEO Duncan Niederauer and headquartered in Madison, New Jersey, Transcend provides holistic, personalized wealth management and investment advisory services to high-net-worth individuals and families. Led by CEO Brian Gorczynski and President and Chief Investment Officer Jacob Grossman, the firm expands Arax’s presence in New Jersey and the broader New York metropolitan area. Transcend is distinguished by its commitment to delivering objective, fiduciary-minded guidance and diverse expertise on public equity, fixed income, and alternative investments to its clients.

Headquartered in New York, New York, and founded in 2022, Arax is a nationally recognized and rapidly growing wealth management platform making strategic control investments in leading RIAs and advisor teams. Arax operates a multiplatform model with distinct regional focuses and diverse product offerings, serving high-net-worth individuals and their families. Arax manages approximately $33 billion in client assets.

Houlihan Lokey acted as the exclusive financial advisor to Transcend.

RELATED: Asset and Wealth Management, Mergers and Acquisitions