MAI Capital Management, a Cleveland-based registered investment adviser managing $11.8 billion, has acquired Marriottsville, Maryland-based Geier Asset Management, which manages $390 million and does business as Winpoint Financial.
Geier Asset Management was founded in 1999 by Joseph Geier, who continues to lead the firm along with Brian Woods. Both Winpoint Financial and MAI specialize in serving professional athletes.
MAI said in a release that it expects that the previously announced sale of a majority stake in the firm to Galway Insurance Holdings will close by the end of the month.
With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.
LPL Financial is a bellwether for the broader financial advice marketplace.
The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.
The quartet of deals across New York, Florida, Ohio, and New Mexico reinforces the fast-growing integrator's leading position in the independent space.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.