Magnetic field assisted welding could suppress defects and improve weld bead properties obviously. In this paper, a full factorial experiment with coaxial magnetic field assisted welding was conducted to study the mechanism of the magnetic field on the dissimilar laser wire feed welding brazing profile of aluminum and copper. Furthermore, a three dimensional numerical simulation model was developed to reveal the influence of the magnetic field on the weld bead. It was found that with the magnetic flux density increase from 10 mT to 50 mT, the properties of the weld bead were improved significantly, and the wetting angle decreased from 53°to 26°, the main fluid flow direction of the weld bead changed in to horizontal direction. Meanwhile, EDS and XRD results showed that the main intermetallic compounds (IMC) of Al2Cu and CuZn composition changed to Al4.2Cu3.2Zn0.7 in welding beads. Computed and measured distortions illustrated good agreement in the fusion zone.