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.
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