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MAI’s website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation, or as an offer to provide advisory or other services. The information contained on this web site should not be construed as financial or investment advice on any subject matter.
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Third Party Information
Financial Market Information; No Warranty: Our Third Party vendor makes available certain financial market data, quotes, news, research and opinions or other financial information. We do not guarantee or certify the accuracy, completeness, timeliness or correct sequencing of the Information made available through us, the Information Providers or any other third party transmitting the Information (the “Information Transmitters”).
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Some Company News is provided from Third-Party Providers and is available on the Site through links to third-party sites. By clicking on any link, you will leave the Site. MAI employees may be quoted in the Third-Party Content; however, MAI has not been involved in the preparation, adoption or editing of the Content from Third-Party Providers and does not explicitly or implicitly endorse or approve such Content. The Third-Party Content is provided on an “As-Is” basis.
The Content is provided for informational and/or educational purposes and is not intended to provide tax, legal or investment advice and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by MAI. We are not endorsing any information in such material. Further MAI cannot guarantee its accuracy, timeliness, completeness or usefulness, and is not responsible or liable for any such content, including any advertising, products, or other materials on or available from third-party sites.
Additional information about awards and rankings:
In each case below, MAI responded to a survey from the sponsoring organization. In no case does MAI pay a fee to be considered for an award or to participate in rankings. Further, MAI is not required to be a subscriber to Barron’s, Financial Times, Financial Advisor Magazine, Forbes or any other group to be included in their rankings or awards.
Barron’s Top RIA Firms:
In September 2022, MAI placed 26th out of 100 firms listed (31st out of 100 firms in 2021, 36th out of 100 firms in 2020, 26th out of 50 firms in 2019, and 39th in 2018). In order to be considered for the Barron’s, 2022 Top RIA Firms list, applicants were required to complete a 145-question survey, based on information provided as of June 30, 2022, with the firm’s ADV informing the majority of responses. Firms were also required to meet a number of other specified requirements to be eligible for inclusion. Firms were ranked based on various qualitative and quantitative factors, including assets managed, the size and experience of teams, regulatory records of the advisors and firms, technology spending, staff diversity, organic and M&A growth, client segmentation as well as succession planning. The number of total RIAs surveyed was not available at time of publication. MAI paid $20,000 in 2022 to use the Barron’s logo in advertising ($15,000 in 2021, $15,000 in 2020, $15,000 in 2019, and $10,500 in 2018). https://www.barrons.com/advisor/report/top-financial-advisors/ria.
The Financial Times 300 Top Registered Investment Advisers
is an independent listing produced by the Financial Times (July 2020). The FT 300 is based on data generated from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to the Financial Times in exchange for inclusion in the FT 300. Some 760 RIA companies applied and 300 made the final list. Financial Times presents the FT 300 as an elite group, not a competitive ranking of one to 300. Financial Times did not offer a survey to participate in the FT 300 list in 2021or 2022.
Financial Advisor Magazine Top Registered Investment Advisor & 50 Fastest Growing Firms:
In July 2022, MAI ranked 38th out of 534 firms listed on Financial Advisor Magazine’s Top Registered Investment Advisor list (42nd out of 607 firms in 2021, 45th out of 715 firms in 2020, 59th out of 683 in 2019, and 64th out of 707 in 2018). FA’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC.
FA’s RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA’s survey by our deadline. We do our best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2021, to be included in the print edition of Financial Advisor magazine’s 2022 RIA survey. Firms with under $500 million will be included in FA’s expanded 2022 online RIA survey.
Hybrid RIA firms, corporate RIA firms and investment advisor representatives (IARs) are not eligible for this survey. A corporate RIA is a registered investment advisor most often formed by a broker-dealer that files an ADV with the SEC. Advisors who are affiliated with the broker-dealer or other entity’s corporate RIA may offer investment advice. They are considered Investment Advisor Representatives (IARs) of the corporate RIA. All of the assets under management of the IARs are included in the corporate RIA’s ADV filed with the SEC.
In July 2022, MAI ranked 26th out of 50 firms on Financial Advisor Magazine’s 50 Fastest Growing firms list (MAI did not place in 2021and 24th out of 50 firms in 2020). The methodology above also applies to this list which is created by comparing firms’ year-end AUM to the previous year AUM based on the numbers reported on their survey. The number of total RIAs surveyed was not available at time of publication for either list.
Forbes Best-In-State Wealth Advisors:
In April 2023, Rick Buoncore ranked 8th out of 220 advisors listed in the state of Ohio, Albie MacDonald ranked 3rd out of 44 advisors listed in the Jacksonville, Florida Region, and Joan Malloy ranked 35th out of 79 advisors ranked in the St. Louis, Missouri Region. Information provided was based on data as of June 30, 2022. (In April 2022, Rick Buoncore ranked 8th out of 192 advisors listed in Ohio, Albie MacDonald ranked 5th out of 45 advisors listed in the Jacksonville, Florida Region, and Joan Malloy ranked 33rd out of 50 advisors in St. Louis, Missouri Region; In 2021, Rick Buoncore ranked 2nd out of 161 advisors listed in Ohio; In 2020, Rick Buoncore ranked 5th out of 131 advisors listed in Ohio; In 2019, Rick Buoncore ranked 4th out of 210 advisors listed in Ohio.)
Forbes’ Best-In-State, developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data. Considered advisors have a minimum of seven years of experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.
Forbes Top Next-Gen Wealth Advisors:
In September 2021, Andrew Meyer ranked 497th out of 500 advisors listed. Information provided was based on data as of March 31, 2021 with subsequent data updated per request from Forbes as of June 30, 2021. The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings. 3,389 individuals were considered for the Next-Gen ranking. For more information on the methodology for this ranking click here.
Forbes America’s Top Wealth Advisors:
In September 2019, Rick Buoncore ranked 140th out of 250 advisors listed and in 2018, he ranked 109th out of 250 advisors listed. Information provided was based on data as of March 31, 2019 with subsequent data updated per request from Forbes as of June 30, 2019. Based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.
Barron’s Top Advisor by State:
In March 2021, John Palguta ranked 11th out of 30 advisors listed in Ohio. Information provided was based on data as of September 30, 2020.
In 2018, Rick Buoncore ranked 7th out of 30 advisors listed in Ohio. The rankings are based on data provided by around 4,000 of the nation’s most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. Investment performance isn’t an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment-picking abilities. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties. The number of total advisors surveyed was not available at time of publication.
Barron’s Top 100 Independent Wealth Advisors:
In 2017, Rick Buoncore ranked 68th out of 100 advisors listed (70th in 2016, 95th in 2015, and 97th in 2014). The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors’ practices. The scoring system assigns a top score of 100 and rates the rest by comparing them to the winner. The number of total advisors surveyed was not available at time of publication.
Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance results. These rankings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.
Forbes Top Women Wealth Advisors Best-In-State:
In February 2023, Joan Malloy ranked 6th out of 21 advisors listed. Forbes ranking of Top Women Wealth Advisors Best-In-State, developed by SHOOK Research, is based on an algorithm of qualitative data, learned through surveys and interviews conducted by telephone, in-person and virtually to evaluate best practices, such as service models, investing models and compliance records as well as quantitative data, such as revenue trends and assets under management.
All advisors have a minimum of seven years’ experience, minimum 1 year at current firm, with the exceptions of acquisitions, advisors must be recommended and nominated by their firm and complete an online survey. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings. For more information on the methodology visit https://www.forbes.com/sites/rjshook/2023/02/02/methodology-americas-top-women-wealth-advisors-2023/?sh=67a09f4558ca.
View additional information in MAI’s Form ADV filings with the U.S. Securities and Exchange Commission: