MAI Capital Management, a registered investment adviser (RIA) specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced the acquisition of Garrison Asset Management. The terms of the transaction were not disclosed.
Based 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. And under their leadership, the firm has become a trusted advisor across portfolio management and wealth planning for individuals and institutions. The firm had $317 million in client assets under management as of September 30, 2024.
Garrison will adopt MAI’s brand identity and receive its internal infrastructure, including HR, operations, and marketing resources. And as part of MAI, both Bradley and Bell will take on the title of senior portfolio manager.
KEY QUOTES:
“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. We’re looking forward to bringing Kerry, James, and team on board as talented advisors who share our ‘client first’ mentality.”
– Stephen Chaffin and Jay White, regional presidents at MAI in the Little Rock area
“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. 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.”
– Bradley and Bell
