MAI Capital Management, a registered investment adviser (RIA) focused on empowering clients to simplify, protect and grow their wealth, has announced the acquisition of OG Private Wealth, a fee-only RIA with offices in Chico and Hermosa Beach, Calif. OG Private Wealth manages approximately $551 million in assets under management (AUM) and serves more than 300 households nationwide. Terms of the transaction were not disclosed.
Founded by brothers Ryan and Mike O’Donnell, following careers at leading wealth management firms including Merrill Lynch, OG Private Wealth was built on the belief that entrepreneurs, business owners and affluent families deserve a more personal, goal-focused way to manage their wealth. Its planning-first approach helps clients simplify their financial lives by combining comprehensive investment management with holistic wealth planning that integrates cash-flow oversight, estate planning, pre-sale planning and tax-efficient strategies in an all-in-one
