MAI Money Administration Acquires MWM Financial commitment Consulting

CLEVELAND–(Organization WIRE)–MAI Money Administration, LLC (“MAI”), an impartial registered financial commitment adviser specializing in extensive financial commitment and fiscal arranging for higher-web-value persons and people, has obtained MWM Financial investment Consulting, LLC (“MWM”). The acquisition expands MAI’s existence in Florida and bolsters financial investment administration skills throughout the organization.

Based mostly in Naples, Florida, MWM was established in 2009 by Matthew Mathias. The agency supplies investment decision management products and services and methods to its purchasers, comprised of superior-internet-truly worth folks, rich families and charitable foundations. MWM employs a in depth, multi-phase procedure ensuing in a hazard-managed, strategic expense technique. Richard Beebe will develop into a Senior Prosperity Advisor and Running Director and Mathias will assume the job of Regional President and Handling Director at MAI.

“Expanding our presence in Florida has been a long-standing objective for MAI,” stated Rick Buoncore, Running Husband or wife at MAI. “We prioritize partnering with leaders and corporations who share our method to doing work with shoppers. MWM is identified in its neighborhood for supplying personalized, goal and clear investment advice, closely mirroring the MAI investment philosophy. We’re enthusiastic to welcome Matt and Rick to MAI.”

Mathias additional: “Rick Beebe and I have achieved success as a final result of our investment administration approach and higher-contact, customer-centric assistance. Our partnership with MAI builds on this basis, letting us to provide consumers a far more expansive suite of investment answers and leverage the MAI team’s in-dwelling expertise and insights across financial organizing and investment decision management disciplines.”

This is MAI’s 12th acquisition since taking a minority financial commitment from Prosperity Companions Cash Group (“WPCG”), a economic expert services holding organization, in July 2017. In 2020, MAI accomplished a few strategic acquisitions that founded the firm’s existence in new geographies, which includes Small Rock, Arkansas, St. Louis and New York Town. Previously this year, MAI declared its acquisitions of HW Money Advisors and the prosperity management division of Ownership Advisors, equally based in the higher Cleveland spot. This is the firm’s very first acquisition in Florida, incorporating to an present existence in Ponte Vedra Seaside and a latest use in the higher Miami region.

“MAI has been strategic in its growth trajectory, incorporating like-minded advisors who share its shopper-very first philosophy and determination to detailed economical and prosperity administration,” reported Sean Bresnan, Partner at WPCG. “This technique has pushed achievements across the firm as it proceeds to add sources, skills and scale, surpassing $10 billion in assets beneath administration before this year.”

The acquisition shut on April 30, 2021, and will increase MAI’s property underneath management by over $100 million. Economic and legal terms of the offer had been not disclosed.

About MAI Capital Administration

MAI Capital Management (“MAI”) is a fee-based mostly registered expense adviser and prosperity management organization centered in Cleveland, with further workplaces in Cincinnati, OH, Ponte Vedra Beach, FL, Nashua, NH, Irvine, CA, Reston, VA, Very little Rock, AR, New York Metropolis and St. Louis and a presence in Columbus, OH and Miami. As of Mar. 31, 2021, MAI’s property beneath administration totaled $10.3 billion. The agency also delivers thorough investment decision management and setting up solutions to high-net-value persons, households and athletes. MAI is led by Controlling Associate Rick Buoncore. For extra information and facts, be sure to visit www.mai.money.

About Wealth Partners Funds Team

Prosperity Companions Capital Team (“WPCG”) is a monetary services holding enterprise, which has partnered with MAI Money Administration (“MAI”). WPCG helps MAI by identifying and integrating like-minded registered investment decision advisers who are trying to find obtain to expanded enterprise capabilities, strategic development and custom-made transition remedies. The WPCG management group is led by associates John W. Copeland, Loaded Gill and Sean Bresnan. For a lot more facts, you should visit www.wealthpcg.com.