This marks MAI’s 28th acquisition, further strengthening its national expansion
MAI Capital Management, LLC, a registered investment adviser specializing in goals-based, personalized investment and financial planning for high-net-worth business owners, entrepreneurs, families, entertainers, and athletes, has acquired Wiener Financial Management.
“Wiener Financial Management adds depth to our existing mid-Atlantic team and complements MAI’s client-focused approach to meeting the needs of our clients.”
Founded in 1995 by Bruce Wiener, WFM is headquartered in Potomac, Maryland and has an established, prominent reputation in the Washington, D.C. area. WFM provides comprehensive financial and retirement planning and investment management services for high-net-worth individuals and families. Prior to starting his advisory practice, Wiener practiced law in the nation’s capital for 14 years. In his role at MAI, he will assume the title of Senior Wealth Advisor and Managing Director.
Latest Fintech News: actyv.ai and KGiSL Partner to Drive Global Expansion and Scale Digital Transformation Across Supply Chain Ecosystem
“We add value to our clients’ lives by simplifying how clients think about their financial goals, while helping them protect their hard-earned wealth and grow it for the future,” said Jim Kacic, President, M&A and Shared Services at MAI. “Bruce shares these priorities, and we are excited to have him on the MAI team.”
When exploring the opportunity to join MAI, Wiener recognized that the firm shares his client-first philosophy and dedication to building meaningful relationships. He believes that joining MAI provides WFM with the ability to better serve clients.
Latest Fintech News: HSBC Launches AI-Powered Equity Index Using AWS
“Wiener Financial Management adds depth to our existing mid-Atlantic team and complements MAI’s client-focused approach to meeting the needs of our clients.” said Steve Trax, MAI Regional President. “Through the acquisition process, we are able to equip advisors with the depth and breadth of resources necessary to meet the needs of their clients at all life stages.”
WFM joined MAI effective April 21, 2023. The acquisition adds approximately $120 million in assets under management.
Latest Fintech News: Cart.com Selects Nuvei as Its Exclusive Payments Partner
[To share your insights with us, please write to sghosh@martechseries.com]
