MAI Capital Management, a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced the acquisition of Bolan Capital Management (BCM). The terms of the deal were not disclosed.
Launched in 2009 by Brian Bolan, BCM is a boutique wealth management firm that serves a wide range of clients across industries and sectors. The firm, originally headquartered in Cincinnati, OH, and with roots in healthcare and academia, grew organically, eventually expanding from the tri-state area to Nashville, TN.
BCM had $238 million in client assets under management at the time of the acquisition. And this is MAI’s third Cincinnati-based acquisition in the past year, including the $1.4 billion Madison Wealth Management purchase in January.
BMC will adopt MAI’s brand identity and receive the robust internal infrastructure that MAI extends to other acquired firms, such as HR, operations, and marketing resources. As part of MAI, Brian Bolan (President) will take on the title of Senior Wealth Advisor.
BCM joining MAI became effective September 27, 2024. And it is MAI’s 39th acquisition since 2018 and its seventh of 2024.
KEY QUOTES:
“We are thrilled to bring the BCM team on board as we continue to build out our footprint in Cincinnati and the larger region. Brian and his team bring a unique perspective and successful track record advising clients working across industries, such as academia and healthcare, driving the region forward, and matching our passion for serving clients across generations.”
-Ed Kuresman, Regional President & Market Leader at MAI
“As we were looking for the right way to continue to grow, we landed on the idea of joining a firm that had the scale and services that our clients were seeking. MAI shares our client first approach, and we are excited to continue to serve our existing clients and expand MAI’s presence into Nashville by leveraging the capabilities and resources they provide.”
-Brian Bolan
