MAI Capital Management, a Cleveland-based registered investment adviser managing $12.2 billion, has acquired Queens Oak Advisors, a Charlotte, North Carolina-based RIA managing $558 million.
Terms of the acquisition were not disclosed. This was MAI's third deal since it was acquired by Galway Holdings in September.
Queens Oak was founded in 2009. Its principals, Leila Evans and Deems May, a former NFL player and NFL Players’ Association representative, will join MAI.
This article originally stated the assets under management of Queens Oak Advisors at $578 million and has been updated.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
