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Barron's Names Rick Buoncore as a Top 100 Independent Financial Advisor

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Barron's Names Rick Buoncore to Its List of Top 100 Independent Financial Advisors for 2014

 

CLEVELAND – August 29, 2014 – Barron's has named MAI Wealth Advisors’ (MAI) Managing Partner, Richard J. (Rick) Buoncore one of the "Top 100 Independent Financial Advisors for 2014." It was the first time MAI received this recognition. Barron's has been ranking independent advisors since 2007, the same year Buoncore acquired MAI, which was founded in 1973. The Barron’s ranking, announced August 23rd, is based on firm assets, quality of practices, revenue that advisors generate for their firms, and other factors.

According to Buoncore, "This honor is a definitive recognition of the great clients we serve, and of our entire team of professionals at MAI. All of us at MAI are committed to taking care of three things everyday: our clients, each other, and our community. Within that context, we have been able to live up to our highly disciplined approach to wealth management and to what the letters MAI truly represent: Manage, Advise, and Innovate.”

Since the acquisition by Buoncore in 2007, led by the current management team, MAI has grown more than four-fold to more than $3.8 billion of assets under management.

"'Wealth preservation’ is the cornerstone of our firm,” added Albie E. MacDonald, a Managing Director at MAI. “Preservation is the centerpiece of managing our clients’ wealth. Plus, we advise our clients with a holistic view of their long and short-term goals. And we innovate, when needed, to find solutions through exhaustive research and analysis, by improving existing strategies and creating new ones.

“We all have an intense focus in servicing our clients: wealth preservation is above all else,” he said.

Buoncore concluded, “All of us at MAI are relentlessly focused on taking care of clients and preserving their hard earned wealth."

 

About the Barron's Top 100 Independent Financial Advisors

According to Barron’s regarding the Top 100 Independent Financial Advisors for 2014, “Barron's has ranked independent advisors since 2007. As with our other advisor listings, which include names from big Wall Street firms, this one is based on assets under management, quality of practices, revenue that advisors generate for their firms, and other factors.

Investment performance is not an explicit criterion, because the clients of the advisors have widely differing goals. Since many are quite wealthy -- the typical customer of the top 100 has a net worth of $19.66 million -- the goal is often asset preservation.”

Click here to view the full list of winners.

 

In the 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.

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.

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.

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