On April 24, 2023, MAI Capital Management, LLC announced that it had acquired Wiener Financial Management.
Under the terms of the transaction, MAI Capital Management, LLC (“MAI”) has acquired Wiener Financial Management (“WFM”). Pursuant to the transaction, WFM’s founder, Bruce Wiener, assumed the title of Senior Wealth Advisor and Manager Director at MAI. Further terms of the deal were not disclosed.
MAI, based in Cleveland, Ohio, is a registered investment adviser and wealth management firm specializing in comprehensive investment and financial planning for high-net-worth individuals and families. As of March 31, 2023, MAI had $16.4 billion in assets under management.
WFM, headquartered in Potomac, Maryland, provides financial and retirement planning and investment management services for high-net-worth individuals and families.
To read the press release: please click here.