MAI Capital Management, a registered investment adviser (RIA) focused on empowering clients to simplify, protect and grow their wealth, has announced the acquisition of LOC Investment Advisers, a fee-only RIA with offices in Hurricane, W.V., and Jupiter, Fla. LOC manages approximately $759 million in assets under management (AUM) and serves more than 800 households. Terms of the transaction were not disclosed.
LOC provides customized investment management and comprehensive financial planning services for individuals, families and business owners across more than 30 states. The firm serves a diverse client base, including entrepreneurs, professionals, energy executives and contractors across infrastructure-related industries. Its advisers average more than 25 years of industry experience, supported by a veteran client service team that reflects the firm’s strong culture and emphasis on continuity.
O’Dell and Lanham will remain actively involved in the business follo
