A family-run advisor firm in Bay City, Mich., that managed about $615 million in advisory, brokerage and retirement plan assets with Raymond James has joined LPL Financial’s broker-dealer, RIA and custodial platforms, according to a news release.
Maier & Associates Financial Group was founded in 1984 and is led by Wayne Maier.
The firm is a “three-generation, community-focused legacy business” where Maier's son, Joseph Maier, and grandson, Logan Maier, serve as financial advisors. Maier's daughter, Laura Maier, is the firm's chief financial officer.
The firm also includes advisors Michael Wilcox, Greg Dahlberg and Sharyn Dansa; 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. We tell our clients, ‘When you invest with our company, you’re partnering with a family that will manage its money like it’s managing its own.’”
Maier and most of his team had been with Raymond James for five years and five years before that with Securities America, according to BrokerCheck. He began his career in 1974 with Metropolitan Life Insurance Company and worked for several other insurance and securities companies over the years.
Maier said the firm chose LPL because they were looking for a firm that allows them “true independence” without outside influence. “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,” he said.