MAI Capital Management LLC, a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, has acquired Geier Asset Management Inc. and Geier Financial Management Inc., doing business as Winpoint Financial. The acquisition extends MAI’s footprint to the Greater Baltimore region and strengthens MAI’s presence in the mid-Atlantic region.
Based in Marriottsville, Maryland, GAM provides holistic financial planning and wealth management services to wealthy individuals and families, including those in their working years and through retirement.
“Aligning with like-minded firms like GAM is essential as MAI strategically expands our national presence,” said Rick Buoncore, managing partner at MAI. “Establishing this partnership further strengthens our goal to deliver a superior client experience.”
“We are excited to partner with Joe Geier and his team to further strengthen our robust financial services platform meeting the unique needs of our athlete, entertainer and high-net-worth clients,” said Steve Trax, MAI’s regional president and head of MAI sports and entertainment. “This addition validates our commitment to the mid-Atlantic market and the goal of becoming the preeminent advisory firm for athletes and entertainers. On a personal and professional level, I feel privileged to be working alongside Joe, as I believe he is one of the best in the athlete advisory business.”
GAM founder Joe Geier added, “Our focus at GAM and Winpoint has always been to deliver ‘best-in-class’ comprehensive services to our clients. After meeting with Steve Trax and Rick Buoncore, I immediately knew that with the expansive range of services and in-house professional expertise that MAI brings to the table, our client experience will be enhanced. We are very excited that this merger will position us to continue to serve our clients’ evolving needs and set the stage for continued growth.”
This is MAI’s 13th acquisition since taking a minority investment from Wealth Partners Capital Group, a financial services holding company, in July 2017 and the first since announcing it will be selling a majority stake to Galway Holdings, a financial services distribution company.