Core Insights - MAI Capital Management is acquiring LOC Investment Advisors, which has $759 million in assets under management (AUM) and is West Virginia's longest-running registered investment advisor (RIA) [1][4] - The acquisition marks MAI's 20th acquisition since the beginning of 2024, enhancing its presence in West Virginia and Florida [4] Company Overview - LOC Investment Advisors was founded in 1981 by Robert O'Dell and David Lanham, who are among the first Certified Financial Planners in West Virginia [1] - The firm operates offices in Hurricane, W.Va., and Jupiter, Fla., serving over 800 households across 30 states, primarily professionals and energy executives [2] Management Transition - O'Dell and Lanham will remain involved in the business during a succession plan, with LOC Managing Director Sean Mayberry becoming Senior Wealth Advisor & Team Leader [3] MAI Capital Management Details - MAI Capital Management, founded in 1973, is owned by Galway Holdings and has a minority investment from Wealth Partners Capital Group [7] - The firm manages or advises $72.6 billion in assets, which includes $50.9 billion in AUM and $5.6 billion in assets under administration (AUA) [4][5] - MAI has 40 offices nationwide and employs over 675 staff [4] Recent Acquisitions - The acquisition of Evoke Advisors last August nearly doubled MAI's managed assets, adding $16.1 billion in AUM [5] - Evoke Advisors focuses on investment advice, family office services, and financial planning for clients in private equity, venture capital, real estate, and technology [6]