On January 17, 2024, MAI Capital Management announced that it acquired Traverso Chambers Private Wealth Management.
MAI Capital Management, LLC (“MAI”) announced on January 17, 2024 that it acquired Traverso Chambers Private Wealth Management (“Traverso Chambers”). Traverso Chamber’s co-founders Marc Traverso and Tim Chambers will both join MAI as Regional President. 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 comprehensive investment and financial planning for high-net-worth individuals and families. As of December 2023, MAI managed $18.8 billion in client assets.
Traverso Chambers, based in Santa Rosa, California, is a registered investment advisor providing investment management, insurance, retirement, financial planning, and business succession planning services. Traverso Chambers has over $549 million assets under management.
To read the press release: please click here.