MAI Capital acquires $235 million RIA

MAI Capital Management, a Cleveland, Ohio-based registered investment managing $12.2 billion, has acquired Investment Planning Associates, a Rockville, Maryland-based RIA managing $235 million.

IPA founding partner Jay Levin will assume the role of senior wealth advisor and managing director at MAI, while Ari Wiener will become a wealth advisor and director.

Since September, MAI has been owned by Galway Insurance Holdings, a New York-based financial services distribution company.

The post MAI Capital acquires $235 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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