MAI Capital Management, an independent registered investment advisor that specializes in comprehensive investment and financial planning for high net worth individuals and families, has acquired the wealth management business of Calfee Financial Advisors.
Calfee Financial Advisors is based in Chagrin Falls, Ohio and provides financial planning services for high net worth business owners and families through its wealth management division. Founded in 1991 by Peter Calfee, CFP®, CPA, the firm has earned a reputation for helping clients integrate professional and personal financial strategies and goals. Prior to founding the firm, Calfee served as Vice President at Investment Advisors International, the financial planning arm of International Management Group, which later became MAI in 1997. Calfee has joined MAI as Managing Director effective February 1st. In addition, Doug Andrassy, CFP®, CMT®, has joined MAI as Director and Wealth Manager.
This is MAI’s first acquisition since July 2017, when the firm announced a new strategy and accepted a minority investment from Wealth Partners Capital Group, a financial services holding firm.
