MAI Capital Management, a Cleveland-based independent registered investment adviser managing $7.7 billion, has acquired Greenway Family Office, a St. Louis RIA managing more than $500 million.
The terms of the acquisition, which was MAI’s second this year, were not disclosed.
Joan Malloy, who founded Greenway in 2010, will become MAI’s regional managing director of family office, and the other Greenway employees also will join MAI.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
The high court's decision rebuffing Alpine Securities marks a setback for a broader challenge to Wall Street's reliance on self-regulatory organizations.
Arax acquires a boutique firm's $4 billion RIA business in Michigan as Steward Partners continues its Southwestern expansion.
Wealth management is a key focus for a new service tier.
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.
