MAI Capital Management, a Cleveland, Ohio-based registered investment adviser managing $14.4 billion, has acquired Winfield Associates, an RIA firm managing over $368 million also based in Cleveland.
Financial terms weren't disclosed.
The acquisition adds talent to MAI’s financial planning and investment teams at its headquarters in Cleveland.
Winfield was founded in 1997 by William Winfield Baker and his son, Christopher “Biff” Baker. The firm’s key executives will join MAI, which is a unit of Galway Holdings. Biff Baker assumes the role of managing director and partner of MAI, and Mark Q. Haley also assumes the role of managing director and partner.
This is MAI’s sixth acquisition since Galway Holdings completed its acquisition of MAI in September 2021, MAI Capital said in a press release Tuesday.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
