A multigenerational family office that oversaw $615 million in assets for its clients at Raymond James Financial Advisors has jumped to LPL Financial, the firm announced Monday.
Bay City, Michigan-based Maier & Associates Financial Group was founded in 1984 by financial advisor Wayne Maier. According to his BrokerCheck report, Maier has 48 years of experience.
In addition to Wayne Maier, the firm’s other advisors joining LPL are Joseph Maier, who’s Wayne Maier’s son; Michael Wilcox; Greg Dahlberg; Sharyn Dansa; and Logan Maier, who’s Wayne Maier’s grandson. Other team members making the move to LPL include CFO Laura Maier, who’s Wayne Maier’s daughter; paraplanners Adam Wohlschied and Bret Naylor; and seven support staff members.
“At Maier & Associates, when we say the client comes first, it’s not a cliché. This is who we are,” Wayne Maier said in a statement. “Everything we do is to help our clients build wealth and plan for the future based on their comfort level, with their best interests in mind.”
That goal led the team to search for a new partner.
“We believe it’s of upmost importance to have true independence that allows us to operate on our own terms, without corporate mandates and outside influence. We found that at LPL,” Wayne Maier added. “This move allows us to stay client-focused, which has been a priority ever since I opened the business. We now have access to a wide range of innovative capabilities and resources that will enhance client experiences, and we have the ability to decide what tools we want to use to better our service.”
Maier & Associates gives back to the community through Maier & Associates Charitable Foundation and by supporting various charities.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
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