In its fifth acquisition of the year, MAI Capital Management, a Cleveland-based registered investment adviser managing $11.8 billion, has bought Storey & Associates, a North Canton, Ohio-based RIA managing $230 million.
Harlan Storey, who founded the firm in 1985, and principal Kevin Krakora have become senior wealth advisers at MAI. The firm’s other employees also joined MAI.
[More: 3 drivers of record M&A activity]
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
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.
