MAI Wealth Advisors, LLC Acquires Majority Interest in CF Managers, LLC, Owner of Clutterbuck Capital Management, LLC
CLEVELAND – October 10, 2012 – MAI Wealth Advisors, LLC and Clutterbuck Capital Management, each an SEC Registered Investment Adviser, jointly announced that MAI Wealth Advisors, LLC has acquired a majority interest in CF Managers, LLC, owner of Clutterbuck Capital Management, LLC.
Managing Partner of MAI, Rick Buoncore, said, “We could not be more pleased to add the expertise of Bob and his team to complement our existing core and alternative investment strategies. Their track record of protecting and growing assets through difficult market conditions is consistent with our overall investment philosophy.”
Bob Clutterbuck, Managing Partner of Clutterbuck Capital Management, notes, “Our geographic region is extremely fortunate to have several outstanding wealth management firms, and MAI is clearly in that elite category. We have known and worked with several of the most senior people at MAI over the years and believe this to be a great cultural fit. We expect our relationship with MAI to allow us to continue our intense focus on investing while leveraging MAI’s corporate infrastructure and distribution capabilities.”
Clutterbuck Capital Management’s portfolio management team will remain intact and will have full governance and authority over all investment decision-making for their portfolios.
About MAI Wealth Advisors, LLC
MAI is an independent, privately owned, fee-based wealth and investment management firm. MAI manages over $2.6 billion of assets and has 70 employees in its Cleveland headquarters and regional offices in Jacksonville, FL and Boston, MA.
Whether providing clients with a comprehensive approach to wealth management or individual investment solutions, MAI seeks to preserve capital while providing meaningful growth opportunities. MAI manages several proprietary investment strategies, including its Dividend and Dividend Plus+ strategies, that are available to high net worth investors, families, endowments, foundations and other like-minded investors and the advisors who serve them; MAI will now make available the Clutterbuck Funds’ complementary investment approach to the same market.
About Clutterbuck Funds
CCM was founded by Bob Clutterbuck in 2006 to focus on distressed securities and special situation investments. Previously Bob was Chairman of Key Capital Partners and CEO of McDonald Investments Inc., His consistent focus over his 30+ year career in Fixed Income investing has been a deep-value orientation.
CCM manages assets of more than $115mm on behalf of endowments and foundations, investment management advisors and qualified individual investors.