MAI Capital Acquires Two Wealth Management Firms, Adding Over $1 Billion AUM
MAI Capital has continued its acquisition strategy by adding two wealth management firms—OG Private Wealth in California and Waypoint Wealth Counsel in Atlanta. Together, the acquisitions bring over $1 billion in assets under management (AUM) to MAI's portfolio. The move follows a major restructuring earlier this year when The Carlyle Group increased its stake from minority ownership through Galway Holdings to majority control of MAI Capital for more than $2.8 billion. This transition allowed Harvest Partners and Oak Hill Capital, previous investors in the firm, to exit their positions. MAI's CEO Rick Buoncore has been instrumental in scaling the company’s AUM to $72.6 billion through strategic acquisitions like Evoke Advisors in 2025.
Tickers: $CG
Topics: acquisition private equity investment wealth management