CLEVELAND--(BUSINESS WIRE)--MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, today announced the acquisition of Garrison Asset Management (“Garrison”). Terms of the transaction were not disclosed.
Headquartered in Fayetteville, Arkansas, Garrison helps individuals, families, and organizations build wealth and create multi-generational financial legacies. President and equity portfolio manager, Kerry Bradley, and vice president and equity portfolio manager, James Bell, became the firm’s owners in 2017. Under their leadership, the firm has become a trusted advisor across portfolio management and wealth planning for both individuals and institutions. The firm had $317 million in client assets under management as of September 30, 2024.
“Not only are we adding excellent wealth advisors through the addition of the Garrison team, but we are also bringing in distinguished investment expertise to help grow our clients’ portfolios,” said Stephen Chaffin and Jay White, regional presidents at MAI in the Little Rock area. “We’re looking forward to bringing Kerry, James, and team on board as talented advisors who share our ‘client first’ mentality.”
Garrison will adopt MAI’s brand identity and receive its internal infrastructure, including HR, operations, and marketing resources. As part of MAI, both Bradley and Bell will take on the title of senior portfolio manager.
"When evaluating our next step, we knew we needed a firm that would understand our clients like we do as well as could provide the resources to enhance our services,” said Bradley and Bell. “Like MAI, we are driven by the opportunity to truly help individuals, families, and organizations accomplish their financial goals and are looking forward to utilizing these new resources as well as offering our decades of expertise focused on making people’s financial lives better.”
Garrison joined MAI effective December 20, 2024.
About MAI Capital Management
MAI is a registered investment adviser and wealth management firm unified in purpose to empower clients to simplify, protect, and grow the wealth they have worked so hard to build. Founded in 1973, the firm helps clients achieve their vision and goals through objective advice, tailored planning, comprehensive and integrated solutions, and highly personal service. The firm is headquartered in Cleveland, OH with offices across 16 US states, a team of over 475 people, and, as of September 30, 2024, $30.3 billion in total assets including $3.1 billion in assets under advisement.* For more information, visit www.mai.capital or MAI’s company page on LinkedIn.
*Including accounts advised but not actively managed by MAI and accounts managed by third-party advisors using an MAI model.
