MAI Capital Buys 2 RIAs With $1B AUM After Carlyle's $2.8 Billion Majority Deal
Updated
Updated · Wealth Management · Aug 18
MAI Capital Buys 2 RIAs With $1B AUM After Carlyle's $2.8 Billion Majority Deal
3 articles · Updated · Wealth Management · Aug 18
Summary
MAI Capital on Tuesday combined two separate announcements into a broader expansion push, buying OG Private Wealth and Waypoint Wealth Counsel for more than $1 billion in client assets.
OG Private Wealth adds about $551 million and more than 300 households in California, while Waypoint contributes roughly $490 million and over 100 households as MAI enters Atlanta.
The acquisitions follow Carlyle's June move to a majority stake and board seat in MAI, a recapitalization that valued the Cleveland-based RIA at more than $2.8 billion.
Rick Buoncore has said that capital will fund new services and both organic and inorganic growth, extending a dealmaking run that already included MAI's 2025 purchase of $27 billion Evoke Advisors.