Mai Capital Management Buys LWA
MAI Capital Management has acquired Lowe Wealth Advisors, a boutique, family-led RIA with $527 million in assets under management (AUM).
Based in Columbia, Maryland, LWA serves 470 households nationwide. Terms of the transaction were not disclosed.
LWA was founded in 1980 by Harold A. Lowe and two colleagues. Harold’s son, Gregory Lowe would later join the firm in 1994.
LWA serves high-net-worth individuals and families, including business owners, entertainers and foundation and endowment trustees. The firm also specializes in working with medical and trauma care professionals, offering educational programs for trauma fellows on financial literacy, debt management and estate planning.
“Harold, Gregory and the entire Lowe Wealth Advisors team have built a relationship-driven firm that mirrors MAI’s commitment to delivering personalized advice and comprehensive financial guidance,” said Rick Buoncore, chairman and CEO of MAI. “As we continue to grow in the greater Baltimore region, we are focused on building meaningful scale in markets where we believe our advisors can make a real impact. Bringing LWA into MAI is a further step toward establishing a strong, connected presence in this market.”
All nine members of LWA—including Harold and Gregory—will join MAI. The father-and-son duo will assume the roles of senior managing director. LWA will adopt MAI’s brand and expects to benefit from the firm’s national platform, including access to MAI’s internal infrastructure across human resources, operations, technology and marketing, as well as more than 150 specialized professionals in investment management, financial planning, tax, estate and family office services.
“For more than four decades, our guiding principle has been simple: do the right thing for our clients and our team,” said Gregory Lowe. “This partnership allows us to maintain the personal service and relationships our clients value while enhancing our ability to meet their evolving needs through deeper investment and planning resources—including advanced estate strategies, expanded alternatives access and a broader knowledge base for complex client situations. We look forward to continuing the legacy my father began, now with the added backing of a national firm that shares our philosophy.”
The addition of LWA is set to further expand MAI’s presence in Maryland. LWA is MAI’s 19th acquisition since January 2024, expanding the firm to 36 offices and over 650 employees across the country. Lowe Wealth Advisors joined MAI effective December 5.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.