News Formal

Cleveland-area wealth management firm MAI Capital Management grows with East Coast acquisition

  • 📰 clevelanddotcom
  • ⏱ Reading Time:
  • 39 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

@Lll ข่าว

@Exmeter

MAI Capital Management has been growing rapidly through acquisitions.

INDEPENDANCE, Ohio - A Cleveland-based wealth management firm that has been growing rapidly through acquisitions is bulking up in Greater Washington.

MAI Capital Management LLC announced Monday it has acquired Halpern Financial, an Ashburn, Virginia, investment advisory firm with $1.2 billion in client assets under management. Halpern, founded in 1991, will be rebranded as MAI and its founder and president, Ted Halpern, has joined MAI as regional president. Terms of the acquisition, which closed Friday, were not disclosed.

, fueled by investments from private equity backers. In 2017, it landed an investment from San Francisco’s Wealth Partners Capital Group and in 2021 New York-based Galway Holdings acquired a majority stake in the firm, with Wealth Partners retaining a minority stake.If you purchase a product or register for an account through a link on our site, we may receive compensation.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 301. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementElliott Investment Management has acquired enough of the company’s stock to call a special meeting of shareholders.
แหล่ง: NBCDFW - 🏆 288. / 63 อ่านเพิ่มเติม »