Meristem

April 9, 2008 at 3:41PM

MERISTEM

Business: Multifamily office provides fee-based wealth-management and related services to high-net-worth families, individuals and private foundations.

Founded: 2005

Headquarters: Minnetonka

Employees: 43

Executives: Charles Maxwell, chairman and CEO; Robert Westenberg, vice chairman; Jerry Johnson, president and COO; James Robbins, managing director; Jon Crow, managing director; Jocelyn Henkensiefken, chief financial officer; Patrick Regan, chief investment officer

2007 report: $1.6 billion in client asset under management and supervision

Strategy: Retain key employees to maintain and deepen client relationships; work on plans to bring key long-term employees into ownership; refine and add services that clients value.

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