A Frederick, Md., investment advisor agreed to forfeit nearly $1.3 million that he admitted stealing from an elderly client, the U.S. Attorney for Maryland announced this week.

Travis Wetzel, 35, pleaded guilty to wire fraud and money laundering in U.S. District Court in Greenbelt, Md.

Wetzel was branch operations manager of a Rockville, Md., investment advisory firm between 2009 and 2012 when he took $1,282,224 from an annuity account of a client without her knowledge and used the money for his own purposes, the U.S. Attorney said.

Wetzel admitted he knew the client was elderly and that her age and physical condition would facilitate repeatedly taking money from her account. Wetzel also laundered some of the money he took by transferring the money to other bank accounts he controlled, the U.S. Attorney said. He will be sentenced at a later date.