On March 4, 2024, MAI Capital Management announced that it acquired LWS Wealth Advisors.
MAI Capital Management, LLC (“MAI”) announced on March 4, 2024 that it acquired LWS Wealth Advisors (“LWS”). Further terms of the deal were not disclosed.
MAI, based in Cleveland, Ohio, is a fee-based registered investment adviser and wealth management firm specializing in investment and financial planning for high-net-worth individuals and families. As of January 2024, MAI managed $20.8 billion in client assets.
LWS, based in Basking Ridge, New Jersey, is a registered investment adviser providing financial planning, asset management and family office services to high-net-worth clients and families. LWS had approximately $562 million in assets under management.
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