Ohio-based RIA MAI Capital Management has bolstered its national footprint by acquiring Greenway Family Office (GFO) for an unknown sum.

Founded in 2010 by Joan Malloy, GFO offers financial planning services to HNW family and business owner clients.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The takeover of GFO enables MAI to expand its presence to St. Louis and brings more than $500m in assets.

MAI managing partner Rick Buoncore said: “Throughout the last decade, Joan and her team have fostered a deep commitment to serving clients at the highest level, a sentiment our MAI team shares.

“As we continue to grow, our goal is to expand capabilities in core areas and harness the expertise that will most benefit our clients. Joan’s leadership and specialisation in serving wealthy families and business owners will be a significant driver in MAI’s future growth.”

The GFO team will join MAI as part of the deal while Malloy will serve as the regional managing director of family office at MAI.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Malloy said: “The MAI team embodies a culture of superior service and provides a personalised touch for its clients.

“This approach mirrors our team’s foundational beliefs. As we align our focuses, we will be better positioned to serve our clients and offer more robust solutions to help them meet their goals.”

This is MAI’s second acquisition this year and eighth after securing a minority investment from Wealth Partners Capital Group (WPCG) in July 2017.

The firm concluded five deals in 2019, accelerating its expansion to Reston, Virginia, Cincinnati and New York City.

Its 2019 purchases include Rodman Capital Management and the wealth management arm of CCI Financial Group, among others.