Investment adviser MAI Capital Management LLC has acquired the wealth management business of CCI Financial Group Inc. in a deal that will increase MAI’s assets under management by more than $100 million.

Akron-based CCI offers financial planning, investment advisory, tax, accounting and family business consulting services. Jeffrey Reitzes, who ran the CCI office, will assume the role of Managing Director at MAI.

“Both MAI and CCI have a long history of client service,” MAI Managing Partner Rick Buoncore said in a statement. “Jeff built a business on a strong foundation of trust and a dedication to providing specialized services and solutions, which are core MAI values. We look forward to honoring this trust, while offering CCI clients access to new capabilities in investment management and retirement, estate and legacy planning, as well as family office services.”

“MAI shares our philosophy of putting clients first and providing comprehensive financial planning and investment management solutions that meet our clients’ objectives,” Reitzes said. “As we looked to the next phase of our business, we proactively sought a partner who mirrored our firm’s culture, and we saw great value in MAI’s commitment to providing enhanced resources, tools and solutions for our clients.”

This is MAI’s second acquisition since taking a minority investment from Wealth Partners Capital Group, a financial services holding company, in July 2017. MAI acquired the wealth management division of Calfee Financial Advisors last year.