Maridea Wealth Management has acquired Pinnacle Wealth Management, a financial advisory firm established in 1994 and based in Chicago, Illinois, US.

This acquisition marks a step for Maridea as it seeks to strengthen its footprint in the Midwest.

Following the acquisition, Pinnacle will transition to Maridea’s independent registered investment advisor (RIA) platform.

Pinnacle, previously associated with LPL Financial, provides tailored financial strategies to high-net-worth individuals and families.

Maridea founder and CEO Mier Wang said: “Brian’s philosophy of transparent client guidance and customized wealth solutions aligns perfectly with our values at Maridea.

“The Pinnacle team’s deep commitment to client success and strong reputation in the Midwest make them an ideal partner as we continue building a premier wealth management platform.”

Brian Sheehy, the founder of Pinnacle, will join Maridea as a senior investment advisor, contributing his nearly 30 years of experience to the firm’s Chicago office.

Sheehy said: “I’m thrilled to help grow Maridea’s presence in Chicago and to be part of a firm that combines the strength of a national platform with the agility of an entrepreneurial culture.

“The collaborative spirit, depth of resources, and caliber of the executive leadership — including an impressive institutional board — give me full confidence that we’re in the ideal environment to grow and serve our clients at the highest level.”

Green Sail Capital Partners served as the exclusive sell-side advisor for Pinnacle.

Maridea Wealth Management, incorporated in 2023, is an SEC-registered investment advisor that offers a range of wealth management services to affluent clients.

The firm operates nationally, with a team of over 30 advisors and professionals dedicated to delivering comprehensive financial services.

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