MAI Capital Acquires Geier Asset Management

October 1, 2021

On September 20, 2021, MAI Capital Management announced that it has acquired Geier Asset Management, Inc.

Under the terms of the transaction MAI Capital Management (“MAI”) has acquired Geier Asset Management, Inc. and Geier Financial Management, Inc., doing business as Winpoint Financial (collectively “GAM”). The acquisition closed September 17, 2021. Further terms of the agreement were not disclosed.

MAI Capital Management (“MAI”), based in Cleveland, Ohio, is a registered investment advisor, specializing in comprehensive financial and investment planning for high net worth individuals and families. As of August 31, 2021, MAI had $11.8 billion in assets under management.

GAM, based in Maryland, is a registered investment advisor providing investment management services to high-net-worth individuals and families.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions