MAI Acquires Queens Oak Advisors

INVESTMENT MANAGEMENT DEALS BLOG

December 29, 2021

On December 13, 2021, MAI Capital Management, LLC announced that it acquired Queens Oak Advisors.

Under the terms of the transaction MAI Capital Management, LLC (“MAI”) acquired Queens Oak Advisors (“Queens Oak”). The acquisition closed on December 10, 2021. Park Sutton Advisors served as investment banker to Queens Oak. Further terms of the agreement 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 November 30, 2021, MAI had $12.2 billion in assets under management.

Queens Oak, based in Charlotte, North Carolina, is a registered investment advisor providing estate planning, retirement planning, financial planning, tax planning, and asset allocation services to high-net-worth individuals and institutional clients.

To read the press release: please click here.