MAI Capital Management Acquires Madison Wealth Management
January 8, 2024
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.
- Buyers
- MAI Capital Management, LLC
- Targets
- Madison Wealth Management
- Industry
- Wealth Management
- Location
- Ohio, United States
- Transaction Type
- Buyout
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