MAI Capital Management Acquires Prime Investment Advisors

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 Investment Planning Associates

December 20, 2021

Wealth Management

MAI Capital Management, a Cleveland-based registered investment adviser owned by Galway Holdings, has acquired Investment Planning Associates (IPA) of Rockville, Maryland. The deal expands MAI’s Mid-Atlantic presence, adds approximately $235 million of assets under management to MAI, and brings IPA’s senior advisors into MAI’s wealth management team.

MAI Capital Management Acquires Lowe Wealth Advisors

December 15, 2025

Financial Services

MAI Capital Management has acquired Columbia, Maryland-based Lowe Wealth Advisors, a registered investment advisor with $527 million in assets under management. The deal expands MAI’s footprint in the Mid-Atlantic — adding Lowe’s nine-person, boutique, family-led practice and its niche client base while transitioning the firm onto MAI’s national platform; terms were not disclosed.

MAI Capital Management Acquires Summit Financial Advisors

September 12, 2025

Wealth Management

MAI Capital Management has acquired San Mateo-based Summit Financial Advisors, integrating Summit’s advisory team and approximately $570 million in client assets into MAI’s wealth management platform. The deal expands MAI’s presence and capabilities in California—adding Summit’s expertise serving Silicon Valley executives—while Summit’s lead advisor Rafael Velez joins MAI as Regional President and Senior Managing Director.

Galway Holdings Invests in MAI Capital Management

August 16, 2021

Wealth Management

Galway Holdings announced an investment in MAI Capital Management, adding a wealth and financial management vertical to Galway’s platform and enabling MAI to accelerate organic growth and M&A. MAI’s executive team will remain in place, Wealth Partners Capital Group will retain an equity stake, and Galway — backed by private equity investors including Carlyle, Oak Hill and Harvest — will integrate MAI’s services with its EPIC insurance distribution capabilities.

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.