MAI Capital Acquires OG Private Wealth to Bolster California Footprint — MAI Capital Management, LLC

Event summary

MAI Capital Management acquired OG Private Wealth, a fee-only RIA with $551M in AUM and 300+ households, effective August 14, 2026.
OG Private Wealth operates offices in Chico and Hermosa Beach, California, expanding MAI’s presence in key markets.
The acquisition follows MAI’s earlier acquisition of Evoke Advisors, reinforcing its strategy of scaling through targeted RIA purchases.
OG Private Wealth was founded by brothers Ryan and Mike O’Donnell, former Merrill Lynch executives, with a focus on entrepreneurs and affluent families.

The big picture

MAI’s acquisition of OG Private Wealth aligns with the broader trend of RIA consolidation, as larger firms seek to scale through strategic acquisitions. The deal underscores MAI’s focus on expanding its presence in high-growth markets like California, where demand for personalized wealth management services remains strong. With nearly $80.4B in total assets, MAI is positioning itself as a dominant player in the RIA space, leveraging acquisitions to enhance its institutional capabilities and client offerings.

What we're watching

Integration Challenges: How MAI will maintain OG Private Wealth’s client-centric culture while integrating its operations into the larger firm.
Market Expansion: Whether this acquisition signals further consolidation in California’s wealth management sector.
Client Retention: The pace at which OG Private Wealth’s high-net-worth clients adapt to MAI’s broader service offerings.