MAI Capital Adds $612M Ohio RIA  

MAI Capital Management has acquired an Ohio-based registered investment advisor firm that manages $612 million in assets. 

Columbus, OH-based J.W. Coons Advisors, founded in 2003, is led by James “Jim” Coons. The firm also includes senior wealth advisors Bob Hoffman and Keith Blankemeyer, according to the firm’s website. 

The team, which also has another office in Naples, Florida, offers “customized” portfolios, estate planning, financial planning, and philanthropic planning to high-net-worth individuals, families, and charitable organizations nationwide.  

“By joining MAI, we preserve that philosophy while adding tools and resources—such as enhanced financial planning, proprietary alternative investments, and expanded operational support—that will allow us to continue serving clients at the high level they deserve for years to come,” Coons said. 

As part of the acquisition, J.W. Coons Advisors will gain access to MAI Capital’s brand and internal services, including human resources, operations, and marketing support, MAI Capital said.

Specific terms of the transaction, which closed on September 19, were not disclosed. J.W. Coons Advisors was represented by Turkey Hill Management in the deal.

Recently, MAI Capital Management acquired California-based Summit Financial Advisors, which oversees $570 million under management.