MAI Capital Management buys Grisanti & expands footprint in NYC

MAI Capital Management, LLC, an investment advisor registered as an independent firm that specializes in comprehensive wealth management for both families as well as individuals with high net worth, has recently announced that it has acquired Grisanti Capital Management, LLC.

The partnership was the result of a decades-long friendship as well as the professional relationship between Rick Buoncore and Christopher Grisanti. The transaction consisting equities would build on the recent expansion of MAI to New York City as well as add an experienced team of various investment professionals to the ranks of MAI.

For the record, GCM had been founded more than 20 years by Grisanti with an aim to deliver personalized and innovative investment solutions to be able to meet the financial goals of the clients. The company has also been known for its bottom-up portfolio management which is based on propriety research.

The company has employed a patient and disciplined approach to the markets, laying more focus on the two long-term equity strategies to be able to secure success, which is the Grisanti High Income Portfolio as well as the Grisanti Large Cap Value Portfolio.

MAI’s Managing Partner, Rick Buoncore said that the companies have continued to be strategic in growth while the GCM acquisition stands as a strong example of their approach. Both the companies have had a long-standing friendship and Grisanti has a sturdy client-centric vision that is perfectly in line with MAI’s philosophy.

Buoncore further said that the GCM team will be bringing a portfolio management style that is already established and exemplifies the commitment of MAI to long-term client success.

GCM’s former Chief Executive Officer Grisanti shall be taking over the Chief Equity Strategist as well as a Senior Portfolio Manager's role at MAI. He will be able to see the construction of the equity products at such a position and shall continue his role in portfolio management.

 

Source Credit- https://mai.capital/resources/company-news/company-news-articles/mai-capital-management-acquires-grisanti-capital-management/