MAI Capital Management Expands Presence in West Virginia and Florida with Addition of LOC Investment Advisers

Acquisition adds approximately $759 million in AUM, strengthening MAI’s planning-first, client-centric platform

CLEVELAND--(BUSINESS WIRE)--MAI Capital Management (“MAI”), a registered investment advisor (RIA) focused on empowering clients to simplify, protect and grow their wealth, today announced the acquisition of LOC Investment Advisers (“LOC”), a fee-only RIA with offices in Hurricane, West Virginia, and Jupiter, Florida. LOC manages approximately $759 million in assets under management (AUM) and serves more than 800 households. Terms of the transaction were not disclosed.

Founded in 1981 by Robert O’Dell and David Lanham, who were among the first CERTIFIED FINANCIAL PLANNERS® in the state, LOC is the longest-tenured RIA operating in West Virginia. Built on a deep commitment to prioritizing clients’ interests, LOC was also one of the first firms in the region to move to a fee-only model. That early commitment to objective advice has laid the foundation for more than four decades of client trust and multi-generational relationships.

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 advisors 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.

“LOC embodies the same client-first philosophy that defines MAI,” said Rick Buoncore, Chairman and CEO of MAI. “Bob, Dave, Sean and their team have built an established planning-driven firm with deep roots and enduring relationships, including some spanning five generations. By joining MAI, their advisors gain access to expanded investment and planning resources, while preserving the culture and commitment to personalized service that have driven their success for more than 40 years.”

O’Dell and Lanham will remain actively involved in the business following the integration, ensuring a seamless transition and continuity of service for clients while supporting a thoughtful succession plan designed to sustain the firm’s long-term legacy. As part of the transaction, LOC Managing Director Sean Mayberry will serve as Senior Wealth Advisor & Team Leader as he assumes the responsibility in guiding the firm’s advisors and client relationships.

“When Dave and I founded this firm more than four decades ago, our goal was to build something that would outlast us, and continue to serve families for generations,” said Robert O’Dell, Co-Founder of LOC. “Partnering with MAI fulfills that vision. This transaction strengthens our ability to support our clients and our team over the long term, while giving us access to broader investment capabilities and deeper planning expertise, without sacrificing who we are or our commitment to putting clients first.”

The deal enhances MAI’s presence in both West Virginia and Florida, while reinforcing its strategy of aligning with like-minded firms that prioritize holistic planning, long-standing client relationships and advisor autonomy. LOC is MAI’s 20th acquisition since January 2024, expanding the firm to 40 offices and more than 675 employees throughout the country.

LOC joined MAI effective February 13, 2026.

About MAI Capital Management ("MAI")

MAI is a registered investment adviser and wealth management firm unified in purpose to empower clients to simplify, protect, and grow the wealth they have worked so hard to build. Founded in 1973, the firm helps clients achieve their vision and goals through objective advice, tailored planning, comprehensive and integrated solutions, and highly personal service.

As of January 1, 2026, MAI and its affiliated adviser have 40 offices across the United States, and a team of more than 675 people who manage and advise on $72.6 billion in total assets.*

For more information, visit www.mai.capital or MAI’s company page on LinkedIn.

*Total assets include MAI and its affiliate Evoke Advisors. Of this total, MAI had $50.9 billion in AUM and $5.6 billion in assets under advisement; Evoke had AUM of $16.1 billion. Assets under Advisement include retirement plans and other accounts that MAI advises on but does not actively manage. Evoke Advisors is a division of and a wholly owned subsidiary of MAI.