MAI Capital Management, a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, has acquired Madison Wealth Management. The addition of Madison will expand MAI’s presence in Ohio and northern Virginia, making Cincinnati one of MAI’s biggest markets, while adding strong talent and expanded resources to the team.
Founded in 2000, Madison Wealth Management has more than $1.4 billion of client assets under management, with an established presence in the Washington, D.C., and Northern Virginia area.
Terms of the transaction were not disclosed.
