MAI Capital acquires $230 million RIA

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.

[More: MAI Capital Management acquires $500 million RIA]

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]

The post MAI Capital acquires $230 million RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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