On August 1, 2023, MAI Capital Management, LLC announced the acquisition of Asset Management Group, Ltd.
Under the terms of the deal, MAI Capital Management, LLC (“MAI”) has acquired Asset Management Group, Ltd. (“AMG”) in a transaction effective as of July 31, 2023. Further terms of the deal were not disclosed.
MAI, based in Cleveland, Ohio, is a registered investment adviser and wealth management firm specializing in comprehensive investment and financial planning for high-net-worth individuals and families. As of June 30, 2023, MAI had $17.1 billion in assets under management.
AMG, based in Northbrook, Illinois is an independent, fee-based, investment manager specializing in investments in low-cost index funds, ETFs and bonds.
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