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MAI Capital Management completes acquisition of LWS Wealth Advisors

Mar 04, 2024•over 1 year ago

Acquiring Company

MAI Capital Management

Acquired Company

LWS Wealth Advisors

Basking RidgeFinanceFinancial Services

Description

MAI Capital Management, LLC has acquired LWS Wealth Advisors, a firm specializing in comprehensive financial planning and asset management for high-net-worth individuals and families. This strategic acquisition expands MAI's presence nationally and specifically in the northeastern United States, reinforcing its commitment to providing innovative and personalized client care.

Company Information

Company

MAI Capital Management

About

MAI Capital Management (“MAI”) is a fee-based registered investment adviser and wealth management firm based in Cleveland, with additional offices in Cincinnati, OH, Ponte Vedra Beach, FL, Nashua, NH, Irvine, CA, Reston, VA, Little Rock, AR, Naples, FL, New York City and St. Louis and a presence in Columbus, OH and Miami. As of Aug. 31, 2021, MAI’s assets under management totaled $11.8 billion. The firm also provides comprehensive investment management and planning services to high-net-worth individuals, families and athletes. MAI is led by Managing Partner Rick Buoncore. For more information, please visit www.mai.capital.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed