MAI Capital buys Geier Asset Management, its fourth deal this year crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.
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