Acquisition Expands CBM Financial Planning and Investment Management Services

Councilor Buchanan & Mitchell (CBM), with offices in Bethesda, Md., and Washington, D.C., acquired May Barnhard Investments (MBI) on Nov. 1.

MBI, a fee-only financial management firm, provides comprehensive financial planning and investment management services.

MBI was founded in 2013 by Debora May, Judith Barnhard, Jeff May and Alex Seleznev. Debora and Jeff May and Barnhard were partners at May & Barnhard, a tax and financial consulting firm that merged into CBM in 2017. MBI will serve as CBM’s comprehensive financial planning and investment management affiliate under the management of Debora May, Barnhard and Seleznev, respectively chief investment officer, chief compliance officer and chief operating officer.

“CBM feels fortunate for our clients to be able to benefit from the expertise of MBI. With the addition of two chartered financial analysts and six certified financial planners we look forward to providing comprehensive financial planning, tax and investment management services,” says CBM MP Peter B. Reilly. “Debbie and Judy have done a great job in building such a highly regarded investment and financial management firm, and we at CBM are glad to be a part of it.”

“Since May & Barnhard joined CBM on Nov. 1, I’ve been pleased to see how well the financial services team we built, MBI, has become a reliable supplement to CBM’s core service areas,” says Debora May.