MAI Capital Acquires Arkansas’ $314M Garrison Asset Management

MAI Capital Management announced that $314M Fayetteville, AR-based Garrison Asset Management has joined the firm.

Garrison Asset Management was created in 2005 from the merger of Arkansas trucking line executive and scion Tom Garrison’s family office, Garrison Financial, and Garner Asset Management. The firm offers equity and fixed income investment portfolio services to high-net-worth clients, and according to its latest Form ADV filing, it manages $195M in assets for HNW individuals.

With the acquisition, Garrison President Kerry Bradley and Vice President James Bell will join MAI as senior portfolio managers. The purchase of Garrison is MAI Capital’s second acquisition for the month of December, following the purchase of Maryland-based Carmichael Hill, which managed $350M in client assets. As of its September 26 Form ADV filing, MAI Capital reported managing $19.7B in client assets.