MAI Capital Management Acquires Traverso Chambers Private Wealth Management
Retrieved on:
Tuesday, January 16, 2024
MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced today the acquisition of Traverso Chambers Private Wealth Management (“Traverso Chambers”).
Key Points:
- MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced today the acquisition of Traverso Chambers Private Wealth Management (“Traverso Chambers”).
- As part of MAI, its co-founders Marc Traverso and Tim Chambers will both assume the title of Regional President.
- With over $549 million of client assets under management, the firm offers solutions spanning investment management, insurance, retirement, financial planning, and business succession planning.
- “Having carefully explored several growth avenues, we identified MAI as the right partner for Traverso Chambers at the right time,” said Traverso.