MAI Capital Management Acquires Monarch Business & Wealth Management
Summary
The acquisition expands MAI’s presence nationwide and adds an experienced team of financial planning and investment professionals to the firm’s Sports + Entertainment Division. Monarch was founded in 2008 by CEO Barry Klarberg with the goal of delivering innovative and personalized financial planning and business management services to high-net-worth families, artists, entertainers, and professional athletes. Jay Williams, Monarch Partner and TV Personality, added: “I am looking forward to this new partnership with MAI and Galway and the opportunities it presents for our organizations and clients. We will make great things happen together.” “Our partnership with Barry Klarberg and his team strengthens our ability to provide strategic wealth management guidance and customized solutions to address the unique needs of high-net-worth families, particularly in the sports and entertainment space,” added John Hahn, Executive Chairman at Galway. It includes EPIC Insurance Brokers & Consultants and a diversified brokerage distribution and underwriting platform, with a focus on data analytics, technology transformation and innovative risk-sharing solutions.