MAI Money Management Completes Acquisition of HW Money Advisors | Business & Finance
CLEVELAND–(Business WIRE)–Mar 1, 2021–
MAI Capital Administration, LLC (“MAI”), a primary unbiased registered investment adviser that specializes in extensive investment decision and money setting up for substantial-web-really worth people and family members, has concluded its acquisition of HW Money Advisors (“HWFA”) pursuing customary closing ailments. The partnership improves MAI’s presence and provides in depth prosperity management capabilities in the better Cleveland location. The transaction was initial declared on Jan. 26, 2021.
“Over the previous two many years, the HWFA crew built a prosperous small business and a robust popularity of top quality provider among its clients,” explained Rick Buoncore, Managing Associate at MAI. “We prioritize partnering with firms who share our dedication to featuring excellent consumer assistance and offering extensive economical scheduling alternatives, and this is central to our mutual good results. We are fired up for our upcoming alongside one another.”
This is MAI’s tenth acquisition because 2017 when it took a minority investment from Prosperity Partners Money Group (“WPCG”), a economic companies keeping enterprise. Final 12 months, MAI concluded a few strategic acquisitions that proven the firm’s existence in new geographies, together with its acquisition of Smith Funds Management in Minor Rock, Arkansas, Greenway Spouse and children Office environment in St. Louis and Grisanti Cash Management in New York City.
The HWFA team will remain in put underneath MAI, and HWFA’s President Stephen Rudolph, CPA, MBA, will assume the role of Handling Director at MAI. In the course of its record, HWFA has fostered a solid partnership with Cleveland-centered accounting firm HW&Co, which will proceed under the MAI partnership.
The transaction shut on Feb. 26, 2021. Fiscal and legal conditions of the offer will not be disclosed.
About MAI Capital Management
MAI Money Management (“MAI”) is a payment-based mostly registered financial investment adviser and wealth management agency centered in Cleveland, with further workplaces in Cincinnati and Columbus, OH, Ponte Vedra Seashore, FL, Nashua, NH, Irvine, CA, Reston, VA, Minor Rock, AR, New York Metropolis and St. Louis. As of January 31, 2021, MAI’s assets beneath management totaled $9.3 billion. The organization also provides detailed financial commitment management and preparing companies to significant-internet-truly worth people today, family members and athletes. MAI is led by Handling Husband or wife Rick Buoncore. For extra information, you should visit www.mai.capital.
About Prosperity Associates Cash Team
Wealth Partners Money Team (“WPCG”) is a economical services holding company, which has partnered with MAI Funds Administration (“MAI”). WPCG helps MAI by determining and integrating like-minded registered expenditure advisers who are seeking obtain to expanded small business capabilities, strategic progress and personalized changeover solutions. The WPCG administration staff is led by partners John W. Copeland, Wealthy Gill and Sean Bresnan. For extra info, be sure to go to www.wealthpcg.com.
Call: Marissa Foy Comerford
Gregory FCA for MAI Funds
Keyword: OHIO UNITED STATES NORTH The united states
Industry Keyword: CONSULTING BANKING Professional Solutions FINANCE
Source: MAI Money Management, LLC
Copyright Company Wire 2021.
PUB: 03/01/2021 08:30 AM/DISC: 03/01/2021 08:31 AM
Copyright Organization Wire 2021.