CLEVELAND--(BUSINESS WIRE)--MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals, families, professional athletes, and entertainers, has hired Dexter L. James. The partnership extends MAI’s presence in the Greater Cleveland area and will further enhance the firm’s depth of holistic financial planning capabilities.
Based in Cuyahoga Falls, Ohio, Dexter L. James began his business over 17 years ago with a mission to deliver comprehensive financial solutions through a tailored investment approach. James assists clients in reaching their financial goals by implementing and monitoring a sound financial plan, offering cash flow management and tax planning strategies, and investment management. Dexter L. James will assume the role of Senior Wealth Advisor and Managing Director at MAI.
“As we continue to grow, aligning with like-minded professionals who share our cultural values and client-first philosophy remains a priority for us,” said Rick Buoncore, Managing Partner at MAI. “Dexter represents the traits we value at MAI, and we are thrilled to leverage his experience in providing holistic wealth management solutions for clients.”
Since Galway Holdings (“Galway”), a leading financial services distribution company, completed its acquisition of MAI in September 2021, MAI has engaged in ongoing and strategic growth through M&A, partnerships, and organic activity that has broadened MAI’s client service offerings.
Most recently, MAI announced its acquisition of Pareto Wealth Management in Northeast Ohio. Earlier this year, MAI announced its partnership with Intersect Capital in San Ramon, California; Winfield Associates in Cleveland, Ohio; and Monarch Business & Wealth Management in New York City. Prior to that, MAI acquired Investment Planning Associates located in Rockville, Maryland; Queens Oak Advisors in Charlotte, North Carolina; Hochman Cole Investment Advisors, based in the Chicagoland area; Storey & Associates, located in North Canton, Ohio; HW Financial Advisors in Cleveland, Ohio; the wealth management division of Ownership Advisors in Cleveland, Ohio; MWM Investment Consulting located in Naples, Florida; and Geier Asset Management in Baltimore, Maryland.
“I chose to partner with MAI because of their team-oriented approach and dedication to putting clients’ needs first,” said James. “This partnership allows me to dedicate more time to our clients and provide more consistent financial planning and investment advice.”
John Hahn, Executive Chairman at Galway added: “MAI’s growth trajectory has been anchored by a strategy of partnering with like-minded professionals to better serve its clients. The addition of Dexter James strengthens MAI’s core capabilities within the Cleveland area and beyond.”
It’s anticipated that Dexter L. James will fully onboard by the end of the third quarter of 2022. The partnership is expected to increase MAI’s assets under management by $50 million. Financial and legal terms of the deal will not be disclosed.
About MAI Capital Management
MAI is a fee-based registered investment adviser and wealth management firm based in Cleveland with 18 additional offices nationwide. As of June 30, 2022, MAI’s assets under management totaled $13.4B. The firm also provides comprehensive investment management and planning services to high-net-worth individuals, families, and athletes. MAI is led by Managing Partner Rick Buoncore. For more information, please visit www.mai.capital.
About Galway Holdings
Galway Holdings, LP (“Galway”) is a diversified financial services distribution platform focused on product distribution and differentiated client service leveraging technology, data analytics, and innovative risk-sharing solutions.