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MAI Capital Management LLC has acquired Alliance-based Rodman Capital Management.

RCM provides investment management for individuals, trusts, retirement plans, charitable organizations, corporations and estates. Since establishing the firm in 1988, David Rodman has provided professional investment management for clients to help them build a secure financial future. Rodman will assume the role of wealth manager and managing director at MAI.

“Over the last 30 years, David has demonstrated a commitment to designing quality investment management strategies and solutions that help his clients meet their financial goals,” MAI Managing Partner Rick Buoncore said in a statement. “He maintains a fiduciary approach, which is central to MAI’s client-first philosophy. We are excited to add David to our team and continue offering goals-based investment management solutions to our clients.”

Rodman added: “Joining with MAI provides an exceptional long-term solution for my clients. I see an outstanding opportunity for my clients with MAI, as MAI brings the full depth and breadth of its considerable resources and experience to bear on helping my clients to achieve their financial goals.”

MAI has achieved marked growth over the last two years, and has been strategic in identifying those partners who share the firm’s philosophy on planning and client service, said John Copeland, managing partner at Wealth Partners Capital Group, in a statement.

“This partnership aligns with MAI’s vision for growth and continues the firm’s mission of providing families and individuals with customized planning and investment expertise,” Copeland said.

This is MAI’s fifth acquisition since taking a minority investment from WPCG in July 2017. Earlier this year, MAI extended its geographic footprint with the June acquisition of MTX Wealth Management in Reston, Virginia, and a partnership with John D. Dovich & Associates in Cincinnati that was finalized in July. Previously, MAI acquired the wealth management division of CCI Financial Group in Akron and the wealth management division of Calfee Financial Advisors in Chagrin Falls in February 2018.

The RCM acquisition closed on Dec. 6 and will increase MAI’s assets under management by more than $75 million. Financial and legal terms of the deal will not be disclosed.

Related: Effective dealmakers tend to approach their craft much like a couple in love, says MAI Capital’s Rick Buoncore.