MAI Capital Management Named to Financial Advisor Magazine's 2020 RIA Ranking and 50 Fastest Growing Firms List
August 12, 2020 – MAI Capital Management is pleased to announce its inclusion on Financial Advisor Magazine's 2020 RIA Ranking and 50 Fastest Growing Firms list. MAI is ranked 45th in the RIA Ranking in the $1 billion and over asset category, which included 314 firms in total. This places MAI in the top quartile of the billion dollar RIA group and in the top 10 percent of firms listed that are large enough to be registered with the Securities and Exchange Commission*.
RIA firms from across the country were invited by Financial Advisor Magazine to complete a survey that evaluates various data points, including assets under management for year-end 2019, percentage growth in assets from 2018 to 2019, assets per client and percentage growth in assets per client, as well as percentage change in number of clients. To be eligible for Financial Advisor Magazine’s annual RIA rankings, firms must be registered investment advisors and provide financial planning and related services to individual clients.
In addition, MAI was ranked 24th in this year’s 50 Fastest Growing Firms in the $4 million and over assets under management category. Financial Advisor Magazine’s RIA 50 Fastest Growing Firms list is created by comparing firms' year-end AUM to the previous year AUM.
MAI prides itself on taking a customized and holistic approach to wealth management, which has been ingrained in the firm’s culture for over four decades. Client service is always the top priority and continues to be a driving force behind our service and growth efforts.
To view this year's list, please visit: https://www.fa-mag.com/news/rias-in-the-time-of-pandemic-56993.html?issue=332
*Note, this excludes New York state-based firms which do not have a state registration program.
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.
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.
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.
By clicking on the above links, you will leave MAI’s site and will be directed to a third-party site which MAI does not endorse and is not affiliated. Some third-party sites require registration or subscription to view content. Please see MAI’s disclosure page for more information.