Asset Management Group Joins MAI Capital


August 9, 2023

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.  

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.