SEPTEMBER 16, 2020 (New York, NY) – Marcum Financial Services, Marcum Wealth Management and Aurum Wealth announced today that their wealth management practices have merged to form Marcum Wealth.
Marcum Wealth will become a one-stop team of trusted advisors for families, business owners, and industry professionals. The firm will provide multidisciplined resources and a robust roadmap to guide clients in successfully crossing their financial finish line. As an affiliate of the Marcum Group of companies, the firm serves as a financial hub for its wealth management, business owner, and plan sponsor clients, providing a full range of wealth planning and investment management services to help them meet their business, personal, and legacy goals.
Marcum Wealth will be headquartered in Cleveland, Ohio, with locations in Akron; New York City; Melville, NY; Philadelphia; and West Hartford, CT. In addition, the firm will have a footprint that will be expanding into the Midwest, East Coast, New England, and Southeast regions, aligned with Marcum LLP locations.
“Marcum Wealth will leverage the proven financial services model developed by Aurum Wealth in our regional markets and deploy it within Marcum’s national footprint. Combining Aurum Wealth’s proprietary process and Marcum’s deep expertise across service lines and practice specialties, Marcum Wealth will serve as our clients’ first call when it comes to helping them achieve their business, personal, and legacy goals,” said Eric Wulff, Chief Executive Officer of Marcum Wealth, previously CEO of Aurum Wealth. “Operating under the nationally recognized and respected Marcum brand, Marcum Wealth will support generations of families and businesses as they grow.”
“Aurum Wealth embodies the same entrepreneurial spirit, commitment to superior client service, and opportunity orientation which makes a great fit with Marcum as we look to expand our financial services capabilities,” said Jeffrey M. Weiner, Chairman & Chief Executive Officer of Marcum LLP. “Aurum Wealth aligns synergistically with Marcum’s service culture and focus on technology, combining their proven processes with Marcum’s broad service offering, infrastructure, and scale to deliver more value to our clients.”
“Our combined vision is to build a wealth management firm that delivers more value to clients through customized wealth-building strategies that help them protect and invest in their future wealth, their business, and their employees. Marcum Wealth will draw on the firm’s deep expertise in complementary disciplines to help private clients, business owners, and retirement plan sponsors address their complex financial dynamics. Foremost is our commitment to look beyond the numbers and see the opportunity, challenges, and solutions for every client,” Mr. Wulff said.
Aurum Wealth is a registered investment advisory (RIA) firm overseeing more than $1 billion in assets under management for individuals and corporate retirement plans. Founded in 2006, the firm was ranked as a Top 300 RIA by the Financial Times, was recently featured as a TOP 50 RIA to watch by CityWire RIA magazine, and has been recognized by Accounting Today as member of the Billion Dollar Club in its 2020 Top Firms by AUM report. In addition, Aurum Wealth’s retirement plan practice was recognized as a Top DC Advisor Team in 2019 by the National Association of Plan Advisors.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as select international locations. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. The Firm serves both privately held and publicly registered companies, as well as nonprofit and social sector entities, high net worth individuals, private equity funds, and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.com.
For more information, visit https://www.marcumwealth.com/.
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Julie Gross Gelfand, APR