MAI Capital Management Expands Footprint with BCM Acquisition
MAI Capital Management Enhances Its Wealth Management Portfolio
MAI Capital Management, LLC, a well-respected registered investment adviser known for its dedication to high-net-worth individuals and families, is excited to announce the acquisition of Bolan Capital Management (BCM). This strategic move highlights MAI's commitment to expanding its wealth management services and enhancing the client experience.
Bolan Capital Management: A Trusted Partner in Wealth Management
Founded in 2009 by the seasoned financial expert Brian Bolan, BCM has built a solid reputation as a boutique wealth management firm. BCM offers specialized services across various industries, including healthcare and academia, ensuring comprehensive financial planning tailored to its clients' unique situations. With approximately $238 million in assets under management at the time of the acquisition, BCM has demonstrated its ability to grow organically, expanding from its initial base in Cincinnati to Nashville, TN.
MAI’s Strategic Expansion in Cincinnati
This acquisition marks MAI's fourth acquisition in the Cincinnati area in just one year, following the successful integration of Madison Wealth Management, which manages $1.4 billion in client assets. Ed Kuresman, the Regional President and Market Leader at MAI, expressed enthusiasm about BCM joining the team, noting that Bolan and his team bring unique perspectives and a commitment to service that aligns with MAI’s values.
Plans for Future Growth
As part of the integration process, BCM will adopt the MAI brand and gain access to MAI's extensive resources, including human resources, operations support, and marketing tools. Brian Bolan will take on a new role as Senior Wealth Advisor and continue to lead his team in delivering outstanding client service.
The Vision for Client-Centric Services
Both MAI and BCM share a client-first philosophy, which is a cornerstone of their operational approach. Bolan has been quoted saying, “As we were looking for the right way to continue to grow, joining a firm that offers the scale and services our clients desire was essential.” This collaboration aims to not only enhance the current service offerings but also look toward expanding in Nashville and beyond.
About MAI Capital Management
Founded in 1973, MAI Capital Management is committed to helping clients protect and grow their wealth through tailored financial solutions. With over 450 professionals and offices across 16 states, the firm manages approximately $23.6 billion in client assets as of June 30, 2024. MAI provides personalized advice and integrated solutions to empower clients, helping them to meet their financial goals while simplifying the complexities of wealth management.
Frequently Asked Questions
What is the significance of the acquisition of BCM by MAI?
The acquisition allows MAI Capital Management to strengthen its wealth management offerings and leverage BCM's expertise in specialized industries.
How will BCM clients be affected by this acquisition?
BCM clients will benefit from enhanced services and resources provided by MAI, ensuring continuity and improved financial solutions.
What is the focus of MAI Capital Management?
MAI Capital Management focuses on providing comprehensive investment advice and financial planning tailored to high-net-worth individuals and families.
Who founded Bolan Capital Management, and when?
Bolan Capital Management was founded in 2009 by Brian Bolan, who has extensive experience in wealth management.
How many acquisitions has MAI Capital Management made since 2018?
MAI Capital Management has made 39 acquisitions since 2018, demonstrating its aggressive growth strategy in the wealth management sector.
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