MAI Capital Management Acquires Grisanti Capital Management

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.

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 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 Prime Investment Advisors

September 27, 2022

Financial Services

Cleveland-based MAI Capital Management acquired Bethesda-based Prime Investment Advisors, adding approximately $140 million in assets under management and expanding MAI's Mid-Atlantic footprint. Founder Stephen Polan will join MAI as Senior Wealth Advisor and Managing Director; the deal is MAI's ninth since Galway Holdings acquired MAI in 2021.

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 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.