Founded in 1987 by Michael J. Cleary and several partners, Cleary Gull’s original focus was research, sales, and trading for institutions. In response to client needs as well as market opportunities Investment Banking and Wealth Management capabilities were added in the 1990s.
In 1998, Tucker Anthony Sutro, a Boston-based financial service firm, acquired Cleary Gull. A few months after Tucker Anthony Sutro was acquired by the Royal Bank of Canada – Dain Rauscher (RBC) in 2001, our principals and employees led a buy back that returned the company to our entrepreneurial roots.
“Our overriding desire was to own and control our own destiny for ourselves, our clients and employees,” said Managing Director Bob Warner.
Once again independent, Cleary Gull focused on Wealth Management and Investment Banking services. After a merger with MBO Advisors in 2003, MBO Cleary Advisors Inc. was formed as a third division of the company focusing on Institutional Investment Advisory services. The result: we grew in size and increased the amount of client assets we have under advisement. In January of 2011 in furtherance of unifying our public image and becoming a single brand, MBO Cleary Advisors Inc. changed its name to Cleary Gull Advisors Inc.
In January, 2016, we announced that Johnson Financial Group will acquire Cleary Gull Advisors, Inc. The acquisition includes both the Institutional Advisory and Wealth Management divisions of Cleary Gull. Our Investment Banking division is not part of the acquisition.
The combined company has more than $9 billion in assets under administration. The synergies between the two companies, including our desire to remain privately held and Wisconsin based, allows us to continue to serve our customers with the professional expertise and dedicated personal, caring approach they have come to know — now and for generations to come. This also
strengthens our ability to serve our clients by providing access to the full breadth of services Johnson Financial Group offers, including trust, banking and insurance services.
Cleary and colleagues
to provide research, sales, and
trading to institutions.
and wealth management services
during the 1990s.
division is started.
Cleary Gull merges into newly public
parent company of two old line investment
firms Tucker Anthony and Sutro & Co.
company is acquired by
Royal Bank of Canada.
firm and focus exclusively on investment banking
and wealth management.
create a new Investment Advisor
subsidiary MBO Cleary Advisors Inc.
to Cleary Gull Advisors.
25th year anniversary.
acquires Cleary Gull Advisors, resulting in combined
$9 billion in assets under administration.