MAI Capital Management LLC, an RIA focused on comprehensive investment and financial planning for HNWs, has acquired Monarch Business & Wealth Management LLC and its strategic partner, Regal Wealth Management.
The deal will enhance MAI’s presence across the country and adds a team of professionals to its sports + entertainment division. Monarch operates with the goal of offering innovative and personalized financial planning services to high-net worth individuals, families, artists, entertainers and athletes. Additionally, Regal offers a complementary mix of wealth management services in investment management, tax planning and personal financing.
This is MAI’s fifth acquisition following Galway Holdings‘ acquisition of the firm in 2021. The purchase of Monarch and Regal increases MAI’s assets under management by over $163 million.
“Our acquisition of Monarch and Regal is an important step forward in our intentional growth strategy,” said Rick Buoncore, managing partner at MAI. “Their team’s unwavering commitment to client success integrates perfectly with our philosophy. This partnership will expand our capabilities in core areas, including family office and our Sports + Entertainment Division, which will be a significant driver in MAI’s future growth.”