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MAI Capital acquires Florida firm MWM Investment Consulting
Rick Buoncore, MAI Capital Management managing partner.
MAI Capital Management has announced the acquisition of MWM Investment Consulting, a Naples, Fla.-based registered investment advisor (RIA) that adds about $100 million in assets under management (AUM) to MAI.
Financial terms of the deal, which enhances MAI s presence in the Florida market, were not disclosed.
MWM was founded in 2009 by Matthew Mathias, who joins MAI as a regional president and managing director with the acquisition. MWM senior vice president Richard Beebe joins MAI as a senior wealth adviser and managing director. Expanding our presence in Florida has been a long-standing goal for MAI, said MAI managing partner Rick Buoncore in a statement. We prioritize partnering with leaders and firms who share our approach to working with clients. MWM is known within its community for providing personalized, objective and transparent investment advice, clos
The unquenchable thirst for wealth management
With M&A in the RIA space setting records, the focus turns naturally to the seemingly irreversible influence of private equity money.
February 22, 2021 8 MINS
With $5 billion in assets under management and nine acquisitions under its belt, some might assume Merit Financial Advisors is hitting all the right notes for building scale in the modern wealth management industry.
In reality, the 22-year-old advisory firm has reached the level at which the deep-pocketed world of private equity capital and expertise steps in to rocket enterprises like Merit to the stars.
“Last year we made it a mission to find a capital partner because we knew we needed to bring in some additional expertise as well as the capital backing,” said Kay Lynn Mayhue, Merit’s president.
Press release content from Business Wire. The AP news staff was not involved in its creation.
EP Wealth Advisors® Acquires Torrance, Calif.-based Advisor
February 4, 2021 GMT
TORRANCE, Calif. (BUSINESS WIRE) Feb 4, 2021
EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) that specializes in client-centric financial planning and investment management services, has acquired the business of Abbas A. Heydari, CFP®. The independent practitioner adds financial planning expertise to EP Wealth’s headquarters in Torrance, Calif.
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For over 35 years, Abbas A. Heydari, CFP® has provided comprehensive financial planning and portfolio management for high-net-worth individuals and families. He holds the CERTIFIED FINANCIAL PLANNER™ certification and is an active member of CFP Board and the National Association of Personal Financial Advisors. Heydari joins EP Wealth as a consultant.
Press release content from Business Wire. The AP news staff was not involved in its creation.
MAI Capital Management to Acquire HW Financial Advisors
January 26, 2021 GMT
CLEVELAND (BUSINESS WIRE) Jan 26, 2021
MAI Capital Management, LLC (“MAI”), a leading independent registered investment adviser that specializes in comprehensive investment and financial planning for high-net-worth individuals and families, has entered into an agreement to acquire HW Financial Advisors (“HWFA”). The partnership extends MAI’s presence in the Greater Cleveland area and will further enhance the firm’s depth of holistic wealth management capabilities.
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HWFA, an affiliate of Beachwood, Ohio-based accounting firm HW&Co., was established more than 20 years ago with the mission of delivering comprehensive wealth management, goals-based planning and innovative investment solutions for its clients. HWFA’s president Stephen Rudolph, CPA, MBA, who was an MAI employee early in h