Telemus Capital Acquires L.A.-Based Concentric Capital LLC
Concentric Capital CEO, David E. Post, Joins Telemus as Partner, Senior Advisor and Investment Committee Co-Chair
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Telemus Capital, a leading independent advisory firm providing solutions for investment and asset management, as well as wealth advisory services for high-net-worth individuals, today announced the acquisition of Los Angeles-based Concentric Capital LLC. Concentric’s CEO 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 announcement was made by Telemus Chairman Gary Ran.
“Not only do Telemus’ and Concentric’s clientele, core services and areas of expertise align to a tee, but the shared commitment to highly-customized, client-centric service is a real driving force of what makes this new partnership work”
The acquisition allows Telemus Capital, with locations in Southfield and Ann Arbor, Mich., 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 L.A., 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,” said 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 LLC in 2009, and has been in the wealth management industry since starting his career with Merrill Lynch in 1979. Prior to founding Concentric, Post served as managing director of CSI Capital Management, an independent investment management firm based in San Francisco, California. Prior to that, Post was founder, CEO and portfolio manager of 3Bridge Capital, an investment management firm with $1 billion under management serving both high-net-worth and institutional clients. Founded in 2000, 3Bridge Capital merged with CSI Capital management in 2003.
“Not only do Telemus’ and Concentric’s clientele, core services and areas of expertise align to a tee, but the shared commitment to highly-customized, client-centric service is a real driving force of what makes this new partnership work,” said Post.
A native of New York, NY, Post was raised in the Bay Area and currently resides in Los Angeles. He received his Bachelor of Arts degree in social sciences (business/political science) from the University of California, Berkeley. He has volunteered time throughout his career to a variety of organizations, including eight years on the board of directors for the San Francisco General Hospital Foundation. A golfer, skier and cyclist, Post is married with two children and two grandchildren.
About Telemus Capital
Telemus Capital, an affiliate of Focus Financial Partners, is an independent investment advisory firm that was established in 2005 with the core belief that clients deserve a more personalized approach. Utilizing a client-centric model that emphasizes customization and collaboration, Telemus offers a range of solutions to meet the unique needs of its clients. This commitment — instituted by Telemus’ nationally recognized team of financial advisors — places Telemus among the most trusted and respected firms of its kind in the country. For more information, visit www.telemuscapital.com.