MAI Capital Management, LLC Acquires Asset Management Group, LTD

MAI expands its presence in the Midwest

CLEVELAND--(BUSINESS WIRE)--MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in goals-based, personalized investment and financial planning for high-net-worth business owners, entrepreneurs, families, entertainers, and athletes, has acquired Asset Management Group in Northbrook, Illinois. The acquisition expands MAI’s footprint in the Midwest region.

“Having known him for many years, we are thrilled to welcome Glenn and his AMG staff to our team in the Midwest,” said Phil Cole, Regional President, MAI Capital. “Glenn’s extensive background in wealth management, combined with his unwavering dedication to his clients, aligns perfectly with our firm’s core values.”

Asset Management Group was founded in 1990 by Glenn Movish and provides tailored financial planning for families, individuals, and small-business owners. The firm focuses on custom solutions that meet its clients’ financial goals by deploying practical and risk-tolerance strategies. Movish assumes the role of Senior Wealth Advisor, Managing Director at MAI, bringing over 35 years of experience in wealth management. Team members Anna Benner and Ryan Hannifan have followed Movish in joining MAI.

“Glenn’s experience in wealth management and unique ability to build meaningful relationships with clients perfectly aligns with our commitment to client-centric financial services,” said Rick Buoncore, Managing Partner of MAI.

Asset Management Group joined MAI effective July 31, 2023 as MAI’s 30^th acquisition.

About MAI Capital Management

MAI is a fee-based registered investment adviser and wealth management firm based in Cleveland, with 22 additional offices nationwide. As of June 30, 2023, its assets under management totaled $17.1 billion. MAI was acquired by Galway Holdings, LP in 2021, helping the firm accelerate its organic growth trajectory, enhance its client service offerings and further expand its national presence through M&A. MAI is led by Managing Partner Rick Buoncore. For more information, please visit www.mai.capital.