James R. McDermott, CFP®

Regional President, Senior Managing Director

Leesburg, VA





Work Experience

  • Joined MAI in 2024 following the acquisition of Madison Wealth Management
  • Co-founded Madison Wealth Management in 2000, serving as its President and growing the firm to nearly $1.4 billion in assets before it was acquired by MAI
  • Brings more than 30 years of experience providing wealth management advice
  • Prior to founding Madison, served as Senior Vice President and Managing Director of the Provident (now PNC) Private Bank in Cincinnati and as Senior Vice President of the NationsBank (now Bank of America) Private Client Group in the Washington, DC area


Life Outside of MAI 

  • Serves as Chair of Inova Loudoun Hospital Foundation Board of Trustees and as a member of the Inova Health Foundation Board of Trustees
  • Serves as President of historic Morven Park’s Board of Trustees
  • Longstanding leader and contributor to the Loudoun Impact Fund giving circle
  • Served for nearly a decade on the Board of Trustees of Loudoun Country Day School, including as Treasurer and Executive Committee member
  • Resides with his wife and two daughters near Leesburg, VA. Enjoys outdoor sports, traveling and spending time with his family



  • Georgetown University, B.A
  • University College – Galway, Ireland

We look forward to learning about your financial goals.