GCMI: Cincinnati wealth manager acquires local firm

Cincinnati investment advisory firm Madison Wealth Management has made the first acquisition in its history, buying another local investment adviser in a move that brings in a well-known industry veteran. Madison acquired Greystone Investment Management, based in the Rookwood Building in Norwood, on Jan. 2. The deal nearly doubles Madison's size. The addition of Greystone's $300 million in assets under management brings Madison's total to nearly $850 million, Ed Kuresman, Madison's Cincinnati...