MAI Capital Management Acquires Traverso Chambers Private Wealth Management
Summary
“Traverso Chambers is a household name in Sonoma County, and we look forward to integrating Tim, Marc, and their colleagues into our firm as we continue to execute on our 2024 growth strategy,” said Rick Buoncore, Managing Partner MAI. “With the addition of our centralized HR, operations and marketing resources, this renowned team will continue to deliver long-term dedicated service for their clients while also navigating the ever-changing financial services landscape.” Founded in 2009, Traverso Chambers is a registered investment advisor based in Santa Rosa, California, that works with high-net-worth individuals, families, foundations, and business owners. “The organization shares our vision, values, and unwavering commitment to client loyalty.” “By joining MAI, we are able to expand our capabilities into new and complementary areas, including alternative investments,” added Chambers. Founded over a handshake between Arnold Palmer and Mark McCormack in 1973, MAI has since evolved into an industry leader under the stewardship of Managing Partner Rick Buoncore. The firm is headquartered in Cleveland OH, with a team of more than 275 advisors and staff providing financial planning, investment management, tax and accounting services to clients supported by additional teams in operations, HR, and technology, fueled by one powerful purpose: to empower clients to simplify, protect, and grow the wealth they have worked so hard to build.