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Telemus Capital acquires Concentric Capital

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Telemus Capital, an independent advisory firm providing solutions for investment and asset management, as well as wealth advisory services for high-net-worth individuals, has acquired Concentric Capital.

Concentric’s chief executive and managing member, David E Post, has joined the Telemus leadership team in the role of partner, senior advisor and co-chair of the firm’s investment committee.
 
The acquisition allows Telemus Capital, with locations in Southfield and Ann Arbor, Michigan, to continue the expansion of its sports and entertainment industry presence and expertise, which has been a recent growing service specialty for the firm.
 
In his new role as partner, senior advisor and investment committee co-chair, Post, who will remain based in LA, will manage key sports and entertainment client relationships and help lead the firm’s investment and economic research. Post also joins six other partners as part of Telemus Capital’s collaborative leadership team.
 
“The adding of Concentric Capital and David's expertise to the Telemus Capital team is a real game-changer for us,” says Telemus chairman Gary Ran. “Our expertise with sports and entertainment industry clientele has been growing steadily and now with David’s extensive experience and a physical presence in Los Angeles added to our arsenal, the sky is really the limit in terms of our capabilities and growth potential. It’s a really exciting time at Telemus Capital.”
 
Post founded Concentric Capital in 2009, and has been in the wealth management industry since starting his career with Merrill Lynch in 1979.
 
“Not only do Telemus’ and Concentric’s clientele, core services and areas of expertise align to a tee, but the shared commitment to highly-customised, client-centric service is a real driving force of what makes this new partnership work,” says Post.

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