MAI Capital Management, a Cleveland, Ohio-based registered investment adviser managing $14.4 billion, has acquired Winfield Associates, an RIA firm managing over $368 million also based in Cleveland.
Financial terms weren't disclosed.
The acquisition adds talent to MAI’s financial planning and investment teams at its headquarters in Cleveland.
Winfield was founded in 1997 by William Winfield Baker and his son, Christopher “Biff” Baker. The firm’s key executives will join MAI, which is a unit of Galway Holdings. Biff Baker assumes the role of managing director and partner of MAI, and Mark Q. Haley also assumes the role of managing director and partner.
This is MAI’s sixth acquisition since Galway Holdings completed its acquisition of MAI in September 2021, MAI Capital said in a press release Tuesday.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
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