MAI Capital Management Acquires Bolan Capital Management

Strategic Insights -

MAI Capital Management, a registered investment adviser specializing in comprehensive investment and financial planning, has acquired Bolan Capital Management, a boutique wealth management firm founded by Brian Bolan in 2009. The acquisition adds $238 million to MAI's client assets under management (AUM) and marks the firm's fourth Cincinnati-based acquisition in the past year. The terms of the transaction were not disclosed.

Key Takeaways:

  • MAI Capital Management has acquired Bolan Capital Management, a boutique wealth management firm with $238 million in client assets under management (AUM).
  • This acquisition is MAI's fourth Cincinnati-based acquisition in the past year, including the purchase of $1.4 billion Madison Wealth Management in January.
  • BCM's founder, Brian Bolan, will take on the title of Senior Wealth Advisor at MAI, and the firm will adopt MAI's brand identity.
  • The acquisition leverages MAI's internal infrastructure, including HR, operations, and marketing resources.
  • MAI's 39th acquisition since 2018 and seventh of 2024, adds to the firm's presence in Nashville, Tennessee.
  • The firm will expand its footprint in Cincinnati and the larger region, serving a range of clients across industries and sectors.
  • Brian Bolan stated, "MAI shares our client first approach, and we are excited to continue to serve our existing clients and expand MAI's presence into Nashville."

Statistics:

  • $238 million: client assets under management (AUM) of Bolan Capital Management at the time of acquisition
  • $1.4 billion: client assets under management (AUM) of Madison Wealth Management, acquired by MAI in January
  • 39: number of acquisitions made by MAI since 2018
  • 7: number of acquisitions made by MAI in 2024
  • $2.3 billion: approximate total assets under management after the acquisition (Calculated by adding $238 million to MAI's $2.1 billion AUM mentioned in a different source)
  • 450: number of people on MAI's team
  • 16: number of US states where MAI has offices

Sources:

  • Businesswire.com: https://www.businesswire.com/news/home/20240930597621/en/
  • MAI Capital Management's company page on LinkedIn