MAI Acquires $317M Arkansas Asset Manager
MAI Capital Management, LLC, a registered investment advisor for high-net-worth individuals and families, has acquired Garrison Asset Management, a Fayetteville, AR-based portfolio manager and wealth planner with $317 million in client assets under management. Terms of the transaction were not disclosed.
Garrison will adopt MAI’s brand identity and receive its internal infrastructure, including HR, operations, and marketing resources. As part of MAI, both Garrison president and equity portfolio manager, Kerry Bradley, and VP and equity portfolio manager, James Bell, will be senior portfolio managers.
Garrison joined MAI effective December 20, 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.
Founded in 1973, MAI is headquartered in Cleveland, OH with offices across 16 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.