MAI Capital Management has acquired LOC Investment Advisers, a fee-only registered investment adviser with offices in Hurricane, West Virginia, and Jupiter, Florida, adding approximately $759 million in assets under management and more than 800 client households to its platform.
The transaction, which closed effective February 13, 2026, strengthens MAI’s presence in both West Virginia and Florida and marks its 20th acquisition since January 2024. Terms of the deal were not disclosed.
Founded in 1981 by Robert O’Dell and David Lanham, LOC is the longest-tenured RIA operating in West Virginia. The firm was among the first in the state to be led by CERTIFIED FINANCIAL PLANNERS® and one of the earliest in the region to adopt a fee-only advisory model. Over more than four decades, LOC has built multi-generational client relationships rooted in objective advice and a client-first philosophy.
LOC provides customized investment management and comprehensive financial planning services to individuals, families and business owners across more than 30 states. Its client base includes entrepreneurs, professionals, energy executives and contractors across infrastructure-related industries. The firm’s advisors average more than 25 years of industry experience, supported by a long-standing client service team.
Under the agreement, O’Dell and Lanham will remain actively involved in the business following integration to help ensure continuity for clients and support a structured succession plan. LOC Managing Director Sean Mayberry will take on the role of Senior Wealth Advisor & Team Leader, overseeing advisors and client relationships.
The acquisition aligns with MAI’s strategy of partnering with planning-driven firms that emphasize holistic advice, enduring client relationships and advisor autonomy. With the addition of LOC, MAI now operates 40 offices nationwide and employs more than 675 people.
Founded in 1973, MAI provides wealth management services designed to help clients simplify, protect and grow their wealth through objective advice, tailored planning and integrated solutions. As of January 1, 2026, MAI and its affiliated adviser oversee $72.6 billion in total assets. Of that amount, MAI accounts for $50.9 billion in assets under management and $5.6 billion in assets under advisement, while its affiliate Evoke Advisors manages $16.1 billion in assets under management.
KEY QUOTES:
“LOC embodies the same client-first philosophy that defines 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.”
Rick Buoncore, Chairman And CEO, MAI Capital Management
“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. 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.”
Robert O’Dell, Co-Founder, LOC Investment Advisers
