MAI Capital Acquires WaterStone Investment Counsel


January 31, 2024

On January 22, 2024, MAI Capital Management announced that it acquired WaterStone Investment Counsel.

MAI Capital Management, LLC (“MAI”) announced on January 22, 2024 that it acquired WaterStone Investment Counsel (“WaterStone”). 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.

WaterStone, based in Cincinnati, Ohio, is a registered investment adviser and investment management firm providing investment management and counseling services to individuals and institutional clients. WaterStone has $144 million in assets under management.

To read the press release: please click here.

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