MAI Capital Management Acquires Monarch Business & Wealth Management

CLEVELAND & NEW YORK–(Business enterprise WIRE)–MAI Cash Management, LLC (“MAI”), a registered expenditure adviser specializing in detailed financial investment and fiscal preparing for superior-net-worth individuals, people, specialist athletes and entertainers, has obtained New York Centered Monarch Business & Prosperity Administration, LLC (“Monarch”) and its strategic lover, Regal Wealth Management, LLC (“Regal”). The acquisition expands MAI’s existence nationwide and provides an knowledgeable group of money preparing and expense industry experts to the firm’s Sports + Enjoyment Division.

Monarch was launched in 2008 by CEO Barry Klarberg with the target of offering ground breaking and individualized economic arranging and business enterprise management expert services to higher-web-value family members, artists, entertainers, and expert athletes. Introduced in 2020, Regal delivers a complementary array of prosperity management companies, such as objectives-centered investment decision management, tax organizing, legacy setting up, and assisting with the two business and personalized financing. Klarberg will think the role of Senior Managing Director at MAI.

Klarberg has managed many high-profile music artists, entertainers, and notable athletes about the very last 35 many years. In addition, Klarberg holds an possession stake in three American experienced sports franchises together with the New York Yankees given that 2011.

“Our acquisition of Monarch and Regal is an crucial step forward in our intentional advancement tactic,” explained Rick Buoncore, Handling Husband or wife at MAI. “Their team’s unwavering determination to client achievement integrates correctly with our philosophy. This partnership will increase our abilities in main spots, which includes household office and our Sports + Amusement Division, which will be a considerable driver in MAI’s foreseeable future growth.”

This is MAI’s fifth acquisition considering that Galway Holdings (“Galway”), a major monetary providers distribution enterprise, concluded its acquisition of MAI in September 2021. The partnership with Galway positions MAI for ongoing and strategic progress by M&A and natural exercise and broadens its client provider offerings. A short while ago, MAI declared its acquisition of Expense Organizing Associates found in Rockville, Maryland Queens Oak Advisors in Charlotte, North Carolina Hochman Cole Expense Advisors, primarily based in the Chicagoland spot and Storey & Associates, found in North Canton, Ohio. Before in 2021, MAI acquired HW Money Advisors and the prosperity management division of Possession Advisors, both of those centered in the Bigger Cleveland place along with Naples, Florida-based mostly MWM Investment decision Consulting and Baltimore-based Geier Asset Administration.

“We are energized to companion with MAI and Galway to even more bolster our financial products and services to aid meet up with the exceptional wants of our clients,” Klarberg famous.

Jay Williams, Monarch Spouse and Tv set Identity, additional: “I am looking forward to this new partnership with MAI and Galway and the options it provides for our organizations and customers. We will make fantastic factors materialize together.”

“Our partnership with Barry Klarberg and his team strengthens our skill to offer strategic wealth management assistance and customized alternatives to deal with the one of a kind wants of high-internet-worthy of people, notably in the sports and enjoyment place,” additional John Hahn, Government Chairman at Galway.

The acquisition shut on Dec. 17, 2021 and will increase MAI’s family workplace observe and maximize assets less than management by over $163 million. Financial and legal phrases of the deal have been not disclosed.

About MAI Funds Management

MAI is a charge-primarily based registered financial commitment adviser and prosperity management agency based in Cleveland with 16 additional offices nationwide. As of Nov. 30, 2021, MAI’s property underneath administration totaled $12.2 billion. The agency also delivers extensive financial commitment administration and planning providers to large-net-worth folks, people, and athletes. MAI is led by Running Husband or wife Rick Buoncore. For far more facts, make sure you take a look at

About Galway Holdings

Galway Holdings, LP (“Galway”) is a economic companies distribution firm. It features EPIC Insurance policy Brokers & Consultants and a diversified brokerage distribution and underwriting platform, with a target on knowledge analytics, technology transformation and impressive chance-sharing alternatives.

Maria Flores

Next Post

Baker’s at-home business takes the cake | Herald Community Newspapers

Sat Jan 8 , 2022
Longtime Wantagh resident Melissa Ehl is self-manufactured. Ehl, 24, is the founder of Combined by Mel, a baking business enterprise that generates and delivers tailor made cakes, cupcakes and cookies. All sweet treats are crafted by the Wantagh Significant School graduate in the convenience of her individual home on Jonathan […]

You May Like