Awards & Rankings
MAI is the recipient of the following awards:
- Forbes Best-In-State Wealth Advisor - Rick Buoncore (2019 & 2020)
- A Financial Times 300 Top Registered Investment Adviser (2015, 2017 - 2020)
- Barron’s Top 100 RIAs (2018 - 2020)
- A Financial Advisor Magazine Top Registered Investment Advisor (2018 - 2020)
- Financial Advisor Magazine 50 Fastest Growing Firms (2020)
- Forbes - America's Top Wealth Advisor - Rick Buoncore (2018 & 2019)
- Barron’s Top Advisor by State - Rick Buoncore (2018)
- Barron’s Top 100 Independent Financial Advisors - Rick Buoncore (2014 - 2017)
- Weatherhead 100 Award Winner (2009, 2013 - 2016)
Additional information about awards and rankings:
In each case above, 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 or the Financial Times or any other group to be included in their rankings or awards.
Forbes Best-In-State Wealth Advisor: 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 weights 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 criteria due to varying client objectives and lack of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings.
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.
Barron's Top 100 RIA Firms: In order to be considered for the Barron’s, 2020 Top RIA Firms list, applicants were required to complete an 86-question survey, 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.
Financial Advisor Magazine Top Registered Investment Advisor & 50 Fastest Growing Firms: Financial Advisor’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 them by firms that voluntarily complete and submit FA's survey by their deadline. Financial Advisor does their 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, 2019 to be included in the print edition of Financial Advisor magazine's 2020 RIA survey. Firms with under $500 million will be included in FA's expanded 2020 online RIA survey.
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.
This methodology also applies to the 50 Fastest Growing Firms list. It is created by comparing firms' year-end AUM to the previous year AUM based on the numbers reported on their survey.
Forbes America's Top Wealth Advisors: 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: The rankings are based on data provided by over 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. A ranking of "N" denotes "not ranked that year".
Barron's: Top 100 Independent Wealth Advisors: 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 Weatherhead 100 recognizes companies for their percent of revenue growth over the past five years. Qualifying firms exhibit: 12-month period of net sales from 2011-2015; 2011 net sales must be at least $100,000; headquartered in Ashland, Cuyahoga, Erie, Geauga, Huron, Lake, Lorain, Mahoning, Medina, Portage, Richland, Stark, Summit, Trumball or Wayne County; not a franchise or subsidiary of another company between 2011-2015; must be a for-profit organization.
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.