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MAI Capital Management Acquires Monarch Business and Wealth Management.

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MANews-(C)2009-2022

US-based investment adviser MAI Capital Management, LLC has acquired New York-based Monarch Business and Wealth Management, LLC and its strategic partner, Regal Wealth Management, LLC, the firm said.

The acquisition expands MAI's presence nationwide and adds an experienced team of financial planning and investment professionals to the firm's Sports + Entertainment Division.

Monarch was founded in 2008 by CEO Barry Klarberg with the goal of delivering innovative and personalized financial planning and business management services to high-net-worth families, artists, entertainers, and professional athletes.

Launched in 2020, Regal offers a range of wealth management services, including goals-based investment management, tax planning, legacy planning, and assisting with both business and personal financing.

Klarberg will assume the role of senior managing director at MAI. Klarberg has managed several high-profile music artists, entertainers, and prominent athletes over the last 35 years.

In addition, Klarberg holds an ownership stake in three American professional sports franchises including the New York Yankees since 2011.

This is MAI's fifth acquisition since Galway Holdings, a leading financial services distribution company, completed its acquisition of MAI in September 2021.

The partnership with Galway positions MAI for ongoing and...

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