MAI Capital Management Expands Footprint with Garrison Asset

MAI Capital Management Welcomes Garrison Asset Management

MAI Capital Management, a leading registered investment adviser known for its exceptional financial planning services, recently announced the significant acquisition of Garrison Asset Management. This strategic partnership aims to enhance the wealth management capabilities offered to high-net-worth individuals and families, solidifying MAI's position as a front-runner in the investment advisory sector.

About Garrison Asset Management

Garrison Asset Management, based in Fayetteville, Arkansas, is committed to assisting clients, including individuals and organizations, in building wealth and establishing multi-generational financial legacies. Under the leadership of President Kerry Bradley and Vice President James Bell since 2017, Garrison has gained a reputation as a trusted advisor in portfolio management and wealth planning. As of September 30, 2024, the firm managed client assets totaling $317 million, showcasing their expertise and dedication to their clients' financial goals.

Benefits of the Acquisition

The incorporation of Garrison's wealth advisors into MAI Capital Management brings not only talent but also distinguished investment expertise. Stephen Chaffin and Jay White, regional presidents at MAI in Little Rock, emphasized the excitement surrounding this acquisition. They believe that the joining of the Garrison team will significantly enrich MAI's ability to grow client portfolios while maintaining a strong focus on a 'client first' mentality. Bradley and Bell will assume the role of senior portfolio managers, leveraging their extensive experience for the benefit of MAI's clients.

New Opportunities for Growth

As part of the integration process, Garrison will adopt MAI's branding and gain access to its comprehensive internal infrastructure, including human resources and marketing resources. This partnership is poised to deliver enhanced services and support to their clients. Bradley and Bell have expressed their enthusiasm, stating, "We are excited about this step forward and the opportunity to utilize MAI's resources to better serve our clients and help them achieve their financial aspirations."

The Vision of MAI Capital Management

Founded in 1973, MAI Capital Management is dedicated to simplifying, protecting, and growing wealth. Through tailored planning and a comprehensive range of services, MAI empowers its clients to achieve their financial goals. As of September 30, 2024, the firm oversees a total of $30.3 billion in assets, including $3.1 billion under advisement. With offices across 16 U.S. states and a workforce exceeding 475 individuals, MAI Capital Management is well-equipped to provide exceptional personalized service.

Client-Centric Approach

MAI's firm philosophy revolves around a client-centric approach, which aligns with Garrison's mission. This shared ethos is one of the many reasons the two companies have come together, allowing them to offer enhanced services and solutions to their clients. MAI believes in the importance of understanding each client's unique needs and delivering tailored solutions designed to help them thrive financially.

Looking Ahead

The acquisition of Garrison by MAI Capital Management marks an exciting chapter for both firms. Clients can expect innovative wealth management solutions and access to a broader range of resources, supporting their financial objectives and growth strategies. The combined expertise of both firms is set to provide a wealth of opportunities for present and future clients.

Frequently Asked Questions

1. What is the significance of the acquisition?

The acquisition of Garrison Asset Management enhances MAI Capital Management's wealth management services, expanding its advisory capabilities.

2. Who are the key figures in Garrison Asset Management?

Kerry Bradley and James Bell are the President and Vice President of Garrison, respectively, and will continue as senior portfolio managers.

3. How much in client assets does Garrison manage?

As of September 30, 2024, Garrison managed $317 million in client assets.

4. What is MAI's overall asset management?

MAI Capital Management oversees a total of $30.3 billion in assets, including $3.1 billion in assets under advisement.

5. What will Garrison do post-acquisition?

Garrison will adopt MAI's brand identity and operate with MAI’s internal infrastructure to enhance service delivery.

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