Transactions

Queens Oak Advisors Has Been Acquired By MAI Capital Management

New York, NY, December 14, 2021 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have represented Queens Oak Advisors, (“QOA”) on its acquisition by MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in comprehensive investment management and financial planning for high-net-worth individuals and families. Queens Oak Advisors, located in Charlotte, NC, has approximately $550 million in Assets Under Management and offers investment management, comprehensive financial planning, estate planning, retirement planning, asset allocation and tax planning to high net worth and ultra-high net worth families.

Queens Oak founders, Leila Evans and Deems May, will remain with the Company after the acquisition and will continue to lead the Charlotte region for MAI. Leila will assume the role of Regional President of Charlotte and Senior Managing Director, while Deems will take on the role of Director of Business Development. The QOA team has developed attractive niche client markets that align with MAI’s client service philosophy and will be expanded through this acquisition. QOA launched a women’s initiative which is designed to empower women investors with resources to take control of finances and make informed personal financial decisions. This initiative will be adapted across the MAI footprint. Deems, a former NFL player and NFL Players’ Association Representative, will join the rapidly growing MAI Sports + Entertainment division.

Leila stated, “Aligning with MAI allows us to optimize our efforts as we remain committed to providing superior services and customized planning for our clients. Looking to the future, the MAI team gives us an opportunity to bolster our financial planning and asset management expertise.” Rick Buoncore, Managing Partner at MAI, added, “We are thrilled to expand into Charlotte and work with Leila, Deems and their team. QOA is respected within the community for their dedication to improving the financial lives of their clients, which mirrors the client-first approach here at MAI.”

John Eubanks, who led the assignment for Park Sutton Advisors, said, “This transaction represents a significant talent acquisition and key geographic expansion for MAI. After an extensive process of vetting potential partners, the Queens Oak team selected MAI due to an alignment of values and client philosophy.”