Wealth manager, independent · Cleveland, OH
MAI Capital Management, LLC
SEC-registered investment adviser · CRD 109807 · SEC 801-58104
At a glance
MAI Capital Management, LLC is an SEC-registered investment adviser based in Cleveland, Ohio, with $52B in regulatory assets under management as of its Form ADV filed October 1, 2026. It reports 15,740 individual clients, 4,902 of them high-net-worth, holding an average of about $2.2 million each, and 562 employees. That ranks it 21st among the nation’s 5,657 independent wealth management RIAs and 1st of 226 in Ohio. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 216-920-4800mai.capitalLinkedInAs filed on Form ADV
- Regulatory AUM
- $52B
- Rank among independent wealth managers
- #21 of 5,657
- Rank among all SEC RIAs
- #416 of 17,210
- Rank in Ohio
- #1 of 226
- Individual clients
- 15,740
- High-net-worth clients
- 4,902
- Accounts
- 48,547
- Discretionary
- 68% of AUM
- Employees
- 562
- Advisory staff
- 230
- Offices
- 30
Owners and executives on its Form ADV
- Richard J. BuoncoreChairman & Chief Executive Officer
- James D. KacicManaging Partner and Chief Operating Officer
- John D. ZallerManaging Partner
- Mark J. HappeChief Compliance Officer
- Leslie DrocktonGeneral Counsel
- Kurt D. NyeManaging Partner & Chief Investment Officer
- Joseph R. McLeanManaging Partner
- Philip NoftsingerChief Financial Officer
- Albert E. MacdonaldManaging Partner
- David C. HouManaging Partner
- Jane F. EagleManaging Partner
- Jay D. SandersManaging Partner
Custody and brokerage
Broker-dealer
Hybrid RIA
MAI Capital Management, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 4,902 | $28B | 53% |
| Pension and profit sharing plans | 205 | $14B | 27% |
| Individuals | 10,838 | $6.7B | 13% |
| Pooled investment vehicles | 33 | $2.5B | 5% |
| Corporations or other businesses | 184 | $628M | 1% |
| Charitable organizations | 90 | $416M | <1% |
| Investment companies | 1 | $217M | <1% |
| Other investment advisers | 2 | $156M | <1% |
| State or municipal government entities | 5 | $17M | <1% |
| Other | 1 | $0M | <1% |
Private funds
MAI Capital Management, LLC reports 33 private funds with $841M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
MAI Capital Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗mai.capital ↗
AtlasMembers
The full record on MAI Capital Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 85 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 13 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 6Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Ohio
All of Ohio →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Clearstead; Clearstead Advisory SolutionsCleveland | $34B | 4,311 |
| Sequoia Financial Group, L.L.C.Akron | $32B | 11,064 |
| Johnson Investment Counsel, Inc.Cincinnati | $23B | 5,251 |
| Bartlett & Co. Wealth Management LLCCincinnati | $10B | 2,133 |
| OnesevenBeachwood | $7.7B | 15,787 |
| Carnegie Investment CounselPepper Pike | $7.5B | 3,056 |
Compare MAI Capital Management, LLC with
- MAI Capital Management, LLC vs Savant Wealth Management $56B · Rockford, IL
- MAI Capital Management, LLC vs Beacon Pointe Advisors, LLC $55B · Newport Beach, CA
- MAI Capital Management, LLC vs CWM, LLC $51B · Omaha, NE
- MAI Capital Management, LLC vs Moneta Group Investment Advisors, LLC $51B · St. Louis, MO
- MAI Capital Management, LLC vs Clearstead; Clearstead Advisory Solutions $34B · Cleveland, OH
Background
Questions
How much does MAI Capital Management, LLC manage?
MAI Capital Management, LLC reports $52B in regulatory assets under management across 48,547 accounts, 68% of it on a discretionary basis, on its Form ADV filed October 1, 2026.
How many clients does MAI Capital Management, LLC have?
It reports 15,740 individual clients: 4,902 high-net-worth individuals and 10,838 other individuals. Individuals account for about 66% of its regulatory assets.
Where is MAI Capital Management, LLC headquartered?
Its main office is in Cleveland, Ohio. It reports 30 offices in total and 562 employees, 230 of whom perform investment advisory functions.
How does MAI Capital Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; performance-based fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does MAI Capital Management, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed September 18, 2026, it reports these amounts held: Fidelity ($17B); Charles Schwab ($15B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is MAI Capital Management, LLC a hybrid RIA with a broker-dealer?
MAI Capital Management, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is MAI Capital Management, LLC a fiduciary?
As an SEC-registered investment adviser, MAI Capital Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 1 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is MAI Capital Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-18), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →