Annex Wealth Management

Annex Wealth Management

Majority owner and CEO Dave Spano anchors Annex Wealth Management, with COO Steven Dryer holding a minority stake. The firm operates from Brookfield, Wisconsin, and runs nine offices across the Upper Midwest and Florida. Its client base is built on families and individuals seeking fiduciary oversight, with an emphasis on financial planning and multi-generational estate strategies. Annex deploys capital across private credit, private equity, real estate, and fund-of-fund structures, blending direct allocations with philanthropic and mission-related investing. The firm integrates a centralized research team led by Director of Research Matthew Morzy to inform portfolio construction. Its geographic concentration remains North America, with investments often sourced and structured through its own advisor network. The firm also maintains the Annex Charitable Foundation for donor-advised and philanthropic activities. The firm's nine-office footprint includes locations in Brookfield, Milwaukee, Appleton, Delafield, Mequon, Madison, Whitefish Bay, Libertyville, and Naples. Brian Jacobsen serves as Chief Economist, co-hosting the firm's market commentary podcast, and CFO Kristin Reilly joined the leadership team in 2023. Brandon Lehman directs Annex Private Client, a unit focused on high-net-worth service delivery, while Estate Planning Attorney Alec Durand adds in-house legal capabilities. Annex's structural distinction lies in its combination of majority ownership concentration with a multi-office RIA-style distribution model — a format that centralizes investment strategy under Spano while replicating local advisory hubs. The firm uses educational content, university partnerships with the University of Wisconsin, and in-house legal and planning specialists to nurture client relationships rather than relying on external referral pipelines.