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MAI Capital Management Acquires Pareto Wealth Management in Cleveland, USA.

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MANews-(C)2009-2022

Ohio, US-based registered investment adviser MAI Capital Management, LLC has acquired Pareto Wealth Management, the firm said.

The acquisition adds talent to MAI's financial planning and wealth teams at its headquarters in Independence, Ohio.

Based in Cleveland, Pareto provides financial planning and wealth management services for its high-net-worth clients.

The firm's leaders Sean Kriak and Joe Palko work with clients to design comprehensive financial and retirement plans aligned with goals-based investment management and strategy.

Pareto was previously a division of McDonald Partners Wealth Advisory Group in Cleveland. The entire Pareto team will join MAI, with Kriak and Palko each assuming the role of Managing director at MAI.

This is MAI's eighth 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 strategic growth through M and A and organic activity and broadens its client service offerings.

Most recently, MAI announced its partnership with Intersect, a San Ramon, Calif.-based wealth management firm with a significant focus on advising professional athletes.

Earlier this year, MAI announced its acquisition of Winfield Associates in Cleveland and Monarch Business and Wealth Management in New York City.

Prior to that, MAI acquired Investment Planning Associates located in Rockville, Maryland...

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