MAI Capital Management, LLC Acquires Wiener Financial Management

MAI Capital Management, LLC Acquires Wiener Financial Management

This marks MAI’s 28th acquisition, even more strengthening its nationwide enlargement

CLEVELAND, April 24, 2023–(Company WIRE)–MAI Capital Management, LLC (“MAI”), a registered expense adviser specializing in targets-dependent, individualized investment and financial arranging for large-internet-worth small business homeowners, entrepreneurs, people, entertainers, and athletes, has obtained Wiener Financial Administration (“WFM”).

Founded in 1995 by Bruce Wiener, WFM is headquartered in Potomac, Maryland and has an set up, well known reputation in the Washington, D.C. location. WFM supplies in depth economic and retirement arranging and expense administration services for superior-internet-well worth individuals and households. Prior to commencing his advisory exercise, Wiener practiced regulation in the nation’s cash for 14 years. In his job at MAI, he will believe the title of Senior Prosperity Advisor and Controlling Director.

“We increase value to our clients’ life by simplifying how purchasers assume about their economic goals, when helping them guard their tricky-earned prosperity and mature it for the potential,” stated Jim Kacic, President, M&A and Shared Expert services at MAI. “Bruce shares these priorities, and we are psyched to have him on the MAI staff.”

When discovering the possibility to be a part of MAI, Wiener acknowledged that the agency shares his customer-initially philosophy and dedication to constructing meaningful interactions. He believes that joining MAI provides WFM with the skill to superior serve customers.

“Wiener Financial Management provides depth to our current mid-Atlantic team and enhances MAI’s consumer-concentrated technique to assembly the needs of our customers.” said Steve Trax, MAI Regional President. “By way of the acquisition method, we are ready to equip advisors with the depth and breadth of assets needed to meet the demands of their clientele at all lifetime stages.”

WFM joined MAI effective April 21, 2023. The acquisition provides about $120 million in belongings beneath administration.

About MAI Capital Management

MAI is a fee-primarily based registered investment decision adviser and prosperity management business based in Cleveland, with 22 further offices nationwide. As of March 31, 2023, its belongings underneath management totaled $16.4 billion. MAI was obtained by Galway Holdings, LP in 2021, encouraging the company accelerate its natural and organic expansion trajectory, greatly enhance its consumer assistance offerings, and more develop its nationwide existence via M&A. MAI is led by Running Husband or wife Rick Buoncore. For extra info, make sure you stop by www.mai.capital.

See supply version on businesswire.com: https://www.businesswire.com/news/household/20230424005138/en/

Contacts

Media
Marissa Foy Comerford
Gregory FCA for MAI Capital
[email protected]
610-228-2104

Minnie Arwood

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