Oakbrook Solutions has acquired Michael Gary Consulting (MGCI), a New York-based technology consulting firm, for an undisclosed sum.
Established in 1999, MGCI offers services focussed on wealth management, private banking, asset management, and trust and custody.
The deal is part of Oakbrook’s strategy to bolster its core competencies in wealth management technology and workflow.
Finance transformation programmes offered by MGCI address topics such as business process outsourcing, operations and technology assessments, data systems migration, conversion and integration, performance improvement, process redesign, program and project management, and regulatory compliance.
Oakbrook Solutions CEO Tony Painter said: “MGCI is a perfect complement to our subject matter areas and aligns well with our growth strategy moving forward.
“Oakbrook is convinced that wealth firms in all channels are going to need to implement and extend technology to get where they want to be and this transaction increases our bandwidth as a firm. We are excited to have Michael and his team as part of Oakbrook.”
MGCI president Michael Perez said: “We are excited and happy to be part of the Oakbrook team and convinced that the synergies of the two firms will benefit our existing and new clients.”