MAI Capital Management Acquires R. Karras Asset Management & Planning
January 4, 2024
MAI Capital Management, a Cleveland-based registered investment adviser, has acquired R. Karras Asset Management & Planning, adding approximately $110 million of client assets under management. The deal will fold Karras into MAI's brand and infrastructure, expanding MAI's capabilities (tax and estate planning, alternative investing) and enabling founder Robert Karras to continue as Senior Wealth Advisor and Managing Director.
- Buyers
- MAI Capital Management
- Targets
- R. Karras Asset Management & Planning
- Industry
- Financial Services
- Location
- Ohio, United States
- Transaction Type
- Addon
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