MAI Capital acquires $578 million RIA

MAI Capital Management, a Cleveland-based registered investment adviser managing $12.2 billion, has acquired Queens Oak Advisors, a Charlotte, North Carolina-based RIA managing $578 million.

Terms of the acquisition were not disclosed. This was MAI’s third deal since it was acquired by Galway Holdings in September.

Queens Oak was founded in 2009. Its principals, Leila Evans and Deems May, a former NFL player and NFL Players’ Association representative, will join MAI.

[More: MAI Capital acquires $230 million RIA]

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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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