MAI Capital Management Acquires Rodman Capital Management

MAI Capital Management Acquires Madison Wealth Management

January 8, 2024

Wealth Management

MAI Capital Management acquired Madison Wealth Management, adding approximately $1.4 billion of client assets under management and expanding MAI’s presence in Cincinnati and Northern Virginia. The Madison team will join MAI effective January 5, with Madison leaders Ed Kuresman and Jim McDermott assuming Regional President roles; terms were not disclosed.

MAI Capital Management Acquires Bolan Capital Management

September 27, 2024

Financial Services

MAI Capital Management has acquired Bolan Capital Management, a boutique wealth management firm with $238 million in client assets under management. The terms were not disclosed; Bolan will adopt the MAI brand and founder Brian Bolan will become a Senior Wealth Advisor as the deal (effective September 27, 2024) expands MAI's footprint in the Cincinnati/Nashville region.

MAI Capital Management Acquires Prime Investment Advisors

September 27, 2022

Financial Services

Cleveland-based MAI Capital Management acquired Bethesda-based Prime Investment Advisors, adding approximately $140 million in assets under management and expanding MAI's Mid-Atlantic footprint. Founder Stephen Polan will join MAI as Senior Wealth Advisor and Managing Director; the deal is MAI's ninth since Galway Holdings acquired MAI in 2021.

MAI Capital Management Acquires Hochman Cole Investment Advisors

December 3, 2021

Wealth Management

MAI Capital Management, a Cleveland-based registered investment adviser, has acquired Hochman Cole Investment Advisors of Deerfield, Illinois. The deal, which closed Dec. 3, 2021, expands MAI's presence in the Chicago area and adds more than $495 million in assets under management; financial terms were not disclosed.

MAI Capital Management Acquires Grisanti Capital Management

May 15, 2020

Financial Services

MAI Capital Management, an independent registered investment adviser based in Cleveland, acquired New York–based Grisanti Capital Management in an all‑equity transaction that closed May 15, 2020. The deal adds an experienced investment team and roughly $225 million in assets under management, supporting MAI’s geographic expansion into New York City; financial and legal terms were not disclosed.

MAI Capital Management Acquires Monarch Business & Wealth Management (and Regal Wealth Management)

December 17, 2021

Financial Services

MAI Capital Management acquired New York–based Monarch Business & Wealth Management, LLC and its strategic partner Regal Wealth Management, LLC, expanding MAI’s nationwide footprint and adding experienced financial planning and investment teams to its Sports & Entertainment Division. The deal, which closed Dec. 17, 2021, will increase MAI’s assets under management by over $163 million; financial terms were not disclosed.