MAI Capital Management Acquires Concentric Wealth Management
December 31, 2024
Cleveland-based MAI Capital Management has acquired Concentric Wealth Management, a Lafayette, California RIA with six employees and $662 million in client assets, effective December 31, 2024. Concentric's founders, Eric Flett and Stewart McGuire, will adopt MAI branding and join as regional presidents as the firm integrates MAI's operations, HR and marketing resources.
- Buyers
- MAI Capital Management
- Targets
- Concentric Wealth Management
- Platforms
- MAI Capital Management
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Addon
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