MAI Capital Management Acquires R. Karras Asset Management & Planning

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 Rodman Capital Management

December 6, 2019

Financial Services

MAI Capital Management, an independent registered investment adviser based in Cleveland, acquired Rodman Capital Management of Alliance, Ohio, in a deal that closed December 6, 2019. The acquisition adds more than $75 million of assets under management and brings David Rodman into MAI as Wealth Manager and Managing Director, expanding MAI's geographic footprint in Ohio.

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 Pareto Wealth Management

August 9, 2022

Financial Services

MAI Capital Management, a Cleveland-area registered investment adviser, has acquired Pareto Wealth Management, a Cleveland-based wealth management team led by Sean Kriak and Joe Palko. The deal expands MAI's financial planning and wealth capabilities in Northeast Ohio; Pareto was previously a division of McDonald Partners Wealth Advisory Group.

MAI Capital Management Acquires Garrison Asset Management

January 6, 2025

Financial Services

MAI Capital Management, a registered investment adviser, has acquired Garrison Asset Management, a Fayetteville, Arkansas-based wealth advisory firm with $317 million in client assets under management as of September 30, 2024. Garrison will adopt the MAI brand and integrate MAI’s internal infrastructure (HR, operations, marketing), with Kerry Bradley and James Bell joining MAI as senior portfolio managers; terms were not disclosed.

MAI Capital Management Acquires Queens Oak Advisors

December 10, 2021

Financial Services

MAI Capital Management has acquired Queens Oak Advisors, expanding MAI's presence in the Greater Charlotte, North Carolina region and adding roughly $558 million in assets under management. The acquisition brings Queens Oak’s financial planning, estate planning and asset management capabilities into MAI’s platform and moves key advisors (including Leila Evans and Deems May) into MAI leadership roles in Charlotte.