MAI Acquires MWM Investment

INVESTMENT MANAGEMENT DEALS BLOG

May 12, 2021

On May 3, 2021, MAI Capital Management, LLC announced it had acquired MWM Investment Consulting, LLC.

Under the terms of the transaction, MAI Capital Management, LLC (“MAI”) will acquire MWM Investment Consulting, LLC (“MWM”). MWM’s Richard Beebe and Matthew Mathis will join MAI as Senior Wealth Advisor and Managing Director and as Regional President and Managing Director, respectively. The deal closed on April 30, 2021. Further terms of the deal were not disclosed.

MAI, based in Cleveland, Ohio, is a registered investment advisor, specializing in comprehensive financial and investment planning for high net worth individuals and families. As of March 31, 2021, MAI had $10.3 billion in assets under management.

MWM, based in Naples, Florida, is a registered investment advisor that provides investment management services and solutions to high-net-worth individuals, wealthy families, and charitable foundations. MWM has approximately $100 million in assets under management.

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.