MAI Capital Management Expands Presence in West Virginia and Florida

Acquisition of LOC Investment Advisers adds $759 million in AUM and over 800 households

Published on Feb. 18, 2026

Got story updates? Submit your updates here. ›

MAI Capital Management, a registered investment advisor (RIA), has announced the acquisition of LOC Investment Advisers, a fee-only RIA with offices in Hurricane, West Virginia, and Jupiter, Florida. LOC manages approximately $759 million in assets under management (AUM) and serves more than 800 households. The transaction strengthens MAI's presence in both West Virginia and Florida, while reinforcing its strategy of aligning with like-minded firms that prioritize holistic planning, long-standing client relationships, and advisor autonomy.

Why it matters

The acquisition of LOC Investment Advisers by MAI Capital Management is significant as it expands MAI's footprint in West Virginia and Florida, two important markets for the firm. LOC's long-standing commitment to prioritizing clients' interests and providing comprehensive financial planning services aligns well with MAI's client-first philosophy, making the integration a natural fit. This transaction also highlights the ongoing consolidation in the wealth management industry as larger RIAs seek to expand their reach and capabilities.

The details

Founded in 1981 by Robert O'Dell and David Lanham, LOC Investment Advisers is the longest-tenured RIA operating in West Virginia. The firm provides customized investment management and comprehensive financial planning services for individuals, families, and business owners across more than 30 states. LOC's advisors average more than 25 years of industry experience, supported by a veteran client service team. As part of the transaction, LOC Managing Director Sean Mayberry will serve as Senior Wealth Advisor & Team Leader, guiding the firm's advisors and client relationships.

  • The deal was announced on February 17, 2026.
  • LOC Investment Advisers joined MAI Capital Management effective February 13, 2026.

The players

MAI Capital Management

A registered investment advisor (RIA) focused on empowering clients to simplify, protect, and grow their wealth. As of January 1, 2026, MAI and its affiliated adviser have 40 offices across the United States, and a team of more than 675 people who manage and advise on $72.6 billion in total assets.

LOC Investment Advisers

A fee-only RIA with offices in Hurricane, West Virginia, and Jupiter, Florida. LOC manages approximately $759 million in assets under management (AUM) and serves more than 800 households. The firm was founded in 1981 by Robert O'Dell and David Lanham and is the longest-tenured RIA operating in West Virginia.

Robert O'Dell

Co-Founder of LOC Investment Advisers.

David Lanham

Co-Founder of LOC Investment Advisers.

Sean Mayberry

Managing Director of LOC Investment Advisers, who will serve as Senior Wealth Advisor & Team Leader following the integration with MAI Capital Management.

Got photos? Submit your photos here. ›

What they’re saying

“LOC embodies the same client-first philosophy that defines MAI. Bob, Dave, Sean and their team have built an established planning-driven firm with deep roots and enduring relationships, including some spanning five generations. By joining MAI, their advisors gain access to expanded investment and planning resources, while preserving the culture and commitment to personalized service that have driven their success for more than 40 years.”

— Rick Buoncore, Chairman and CEO of MAI (BusinessWire)

“When Dave and I founded this firm more than four decades ago, our goal was to build something that would outlast us, and continue to serve families for generations. Partnering with MAI fulfills that vision. This transaction strengthens our ability to support our clients and our team over the long term, while giving us access to broader investment capabilities and deeper planning expertise, without sacrificing who we are or our commitment to putting clients first.”

— Robert O'Dell, Co-Founder of LOC (BusinessWire)

The takeaway

The acquisition of LOC Investment Advisers by MAI Capital Management demonstrates the ongoing consolidation in the wealth management industry as larger RIAs seek to expand their reach and capabilities. By aligning with like-minded firms that prioritize holistic planning, long-standing client relationships, and advisor autonomy, MAI is able to strengthen its presence in key markets while preserving the culture and commitment to personalized service that have driven the success of acquired firms like LOC.