MAI Capital Management, a Cleveland, Ohio-based registered investment managing $12.2 billion, has acquired Investment Planning Associates, a Rockville, Maryland-based RIA managing $235 million.
IPA founding partner Jay Levin will assume the role of senior wealth advisor and managing director at MAI, while Ari Wiener will become a wealth advisor and director.
Since September, MAI has been owned by Galway Insurance Holdings, a New York-based financial services distribution company.
Iowa's Greenwood Wealth Partners exits D.M. Kelly as UBS and Ameriprise win Merrill Lynch recruits in California and Florida
Less than 1% of pool funds went to actual trading, CFTC says
Plus, SEIA builds a governed data foundation for its in-house AI and Snappy Kraken debuts a read-only marketing coworker for advisors.
He owes $364 million but pays $100 a month
Broadridge, Wedbush and Alaris Acquisitions have also filled senior wealth management roles with hires from J.P. Morgan, Osaic and SageView.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
