MAI Capital Management, a Cleveland-based registered investment adviser, acquired West Point Business Group and said the deal will enable it to launch MAI Retirement, a business servicing retirement plans.
West Point, with $230 million in assets under management and $568 million in retirement plan assets, is based in Ponte Vedra Beach, Florida, and offers retirement plan consulting for businesses in addition to wealth management services for individuals.
C. Clayton Perry and Keola J. Elobt, partners at West Point, both will become managing directors and group heads at MAI Retirement. They are joined in the move to MAI Retirement by four other team members. Jason Hamilton was named director of retirement at MAI Retirement.
“We have worked with MAI for the last 5 years and have seen up close the quality of the company and the people,” Perry said in a statement. “We are excited to join the MAI team and look forward to building a national retirement plan platform across the enterprise.”
The purchase of West Point is MAI’s 10th acquisition since the firm was purchased by Galway Holdings in September 2021.
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
