MAI Capital completed acquisition of Rodman Capital.

MAI Capital Management, an independent registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, completed the acquisition of Rodman Capital Management, an investment management provider. Financial terms were not disclosed. The acquisition will increase MAI’s assets under management by more than $75m. “Joining with MAI provides an exceptional long-term solution for my clients. I see an outstanding opportunity for my clients with MAI, as MAI brings the full depth and breadth of its considerable resources and experience to bear on helping my clients to achieve their financial goals,” David Rodman, Rodman Capital Founder and Principal.