Akron-based wealth management firm Sequoia Financial Group announced Tuesday that it will merge with LJPR Financial Advisors, a fee-only financial adviser and wealth management firm headquartered in Troy, Michigan.

“LJPR aligns perfectly with our strategy and culture, and complements our existing business exceptionally well,” Tom Haught, president of Sequoia Financial Group, said in the announcement.

“This merger provides greater growth and innovative services to our clients, employees and partners, thus building a sustainable firm that can outlast any individual leader,” Haught said. “Sequoia’s advisors have the ability to engage in specialization and mastery in specific practice areas. We will attract the best people, develop and innovate with our technology, and find new and creative ways to make the lives of our clients and employees better.”

Financial terms of the deal weren’t disclosed.

The combined company will have almost $5 billion in assets under management, a Sequoia spokesperson said.

“The exceptional care of our clients is one thing LJPR and Sequoia have each prioritized in our respective 29 and 27 years before this merger,” said Leon LaBrecque, managing partner and CEO of LJPR Financial Advisors. “Tom and I are thrilled that our combined team will have the capacity and resources that allow us to continue that legacy and even to expand upon it, making us better together.”

The merged firm will operate under the Sequoia Financial Group name, with a combined 91 employees.

Sequoia Financial Group will continue to headquartered in Akron, according to the company.

LaBrecque will move from managing partner and CEO of LJPR to chief growth officer of Sequoia. Haught will continue as president of Sequoia.