Resource Categories: Rankings

Advisors at MAI Capital Management Named 2023 Best-In-State Wealth Advisor by Forbes

We are thrilled that MAI Capital has multiple advisors ranked on the 2023 Best-In-State Wealth Advisor list by Forbes.

  • Rick Buoncore, Managing Partner – 8th advisor in the state of Ohio
  • Albie MacDonald, Wealth Management Group Head, Advisory Referral Program – 3rd in Jacksonville, Florida Region
  • Joan Malloy, Regional President – 35th in St. Louis, Missouri Region

MAI Capital Management remains committed to empowering clients to simplify, protect, and grow their wealth. We are proud of our team members who have been acknowledged by Forbes and who exemplify our three pillars to take care of clients, each other, and the community.

Forbes’ Best-In-State, developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data for individuals seeking top-tier financial advice. The list features over 5,000 advisors evaluated based on various factors such as experience, assets under management (AUM), regulatory record, and client retention. Forbes has recognized these advisors for their commitment to excellence in wealth management and for providing clients with tailored solutions that meet their unique needs. The ranking is a testament to these outstanding advisors’ hard work, dedication, and expertise.

To view this year’s list, please visit: https://www.forbes.com/lists/best-in-state-wealth-advisors/?sh=6ff480d56ab9

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 Forbes to be included in their rankings or awards.

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. 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. 

MAI’s Matt Mathias Named to Five Star Southwest Florida Wealth Manager List in 2023

MAI is pleased to announce that Naples, Florida Regional President Matthew Mathias has been named to the 2023 Five Star Southwest Florida Wealth Manager Award list. Matt’s recognition on the Five Star Wealth Managers list showcases MAI’s commitment to its clients and standing in the industry.

Matt’s integrity, dependability, and dedication to his clients’ overall wellbeing guides him when he offers strategic and personalized financial planning advice. He takes a hands-on approach to working with clients and their families to ensure they receive the best care possible. These values translate into his work in the community as well as the office. Matt’s contributions to his hometown of Naples, Florida have included being a Board Member of the Boys & Girls club, the Take Stock in Children program and more. He also volunteered to work with students in a local financial literacy organization, was a committee member for the Naples Community Hospital, and Founder and Chair of the Board for Phoenix Education Network.

“The most fulfilling aspect of my job is that my clients are truly friends and family to me. I have the ability to enrich their lives through the comfort I can provide them from the wealth management perspective. Knowing that I have made a positive impact on their lives is priceless,” Matt noted.

MAI is proud of Matt’s accomplishments and recognition on this list and looks forward to future achievements that the team will accomplish throughout the remainder of 2023 and beyond.

Disclosure:

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 any other group to be included in their rankings or awards.

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 link, 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.

This award was issued on 02/01/23 by Five Star Professional (FSP) for the time period 06/13/22 through 12/09/22. Five Star winners do not pay to win or to be considered for the award. Professionals showing up in Featured Results, however, may have paid a fee to appear there.

Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 642 Southwest Florida-area wealth managers were considered for the award; 76 (12% of candidates) were named 2023 Five Star Wealth Managers.

The award is based on 10 objective criteria. Eligibility criteria-required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria-considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients.

The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Visit www.fivestarprofessional.com.

John Dovich Recognized on Forbes’ Top Financial Security Professionals 2022 List

August 2022 – MAI is thrilled to announce John Dovich, Regional President and head of MAI Insurance Solutions, LLC, has been recognized on Forbes’ Top Financial Security Professionals 2022 list. John is ranked third in Ohio.

Forbes ranks top insurance professionals across the industry and within each state on the annual list. This year’s list highlights individuals who Forbes notes are helping clients maintain focus on their long-term goals and preserve their wealth. To qualify, the financial services professionals must be licensed to sell life insurance and annuities and be nominated by their current firm. The ranking is based on quantitative data collected via survey, as well as interviews with finalists.

Our team is excited to recognize the honor for John and his work with our clients. We are dedicated to providing our clients with superior service and holistic offerings. We look forward to continuing to partner with you and your family and collectively work toward your goals.

Click Here to view this year’s Forbes’ Top Financial Security Professionals list.

In order to be considered for the Forbes Top Financial Security Professional Ranking, applicants must meet the following methodology requirements: The Forbes Top Financial Security Professional Ranking, 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 seven 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. (Source: Forbes.com)

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 be included in their rankings or awards.

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 link, 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.

Click Here for more information on the ranking methodology.

MAI Capital Management Recognized on Financial Advisor Magazine’s RIA Survey & Ranking and Top 50 Fastest Growing Firms for 2022

July 2022 – MAI Capital Management is thrilled to announce its ranking as 38th on Financial Advisor Magazine’s RIA Survey & Ranking list for 2022 in the $1billion and over asset category. There were 331 firms ranked within this category, which places MAI in the top quartile of the billion dollar RIA group for the third consecutive year.

The firm was also featured on the Top 50 Fastest Growing Firms list at number 26.

Financial Advisor Magazine ranks independent RIAs based on assets under management at year end from largest to smallest. The environment for advisory firms is ever-changing and this ranking highlights those who are quickly rising to the top of the industry. This is especially true for the Top 50 Fastest Growing Firm’s list, which is based on percentage of growth in assets year over year. MAI is excited to be placed on both lists for 2022, showcasing its growth throughout some of the most turbulent times and featuring its dedication to bolster client offerings and talent at the firm.

The MAI team recognizes what an honor it is to be featured on such a prominent industry ranking and thanks its employees and clients for their hard work, dedication and support. The firm looks forward to prioritizing client offerings and financial planning capabilities as the growth and success continues.

To view this year’s RIA Survey & Ranking list, please visit:

https://www.famag.com/userfiles/0000000002022_IMAGES_ALL/FA_ISSUES_2022/06_FA_JULYAUG_2022/RIA22_Main_Rank_Online5aa.pdf

To view this year’s Top 50 Fastest Growing Firms list, please visit: RIA22_Top50_Online2.pdf (fa-mag.com)

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 the Financial Times or any other group to be included in their rankings or awards.

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.

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 its 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.

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.

MAI Capital Management Named to the 2022 Weatherhead 100 List by Case Western Reserve University Weatherhead School of Management

MAI Capital Management is delighted to announce its recognition on this year’s Weatherhead 100 list, which celebrates companies in Northeast Ohio that embody the spirit of entrepreneurship and are leading the way in leadership, growth, and success. The MAI team is thrilled to be ranked in the top 20 alongside such an exclusive group of businesses across the region and recognized for the work they do to push the firm to new heights every day.

“We are honored to be included on the Weatherhead 100 list,” said Rick Buoncore, Managing Partner of MAI Capital. “Leadership, growth, and success embody the goals we have, not just for ourselves, but for the clients we serve.”

To qualify for the award, companies must have a headquarters in Ashland, Ashtabula, Cuyahoga, Erie, Geauga, Huron, Lake, Lorain, Mahoning, Medina, Portage, Richland, Stark, Summit, Trumbull or Wayne County of Northeast Ohio and have grown their net sales from at least $100K to $1M in the last five years. Weatherhead 100 recognizes an elite group of companies that are the best example of leadership, growth, and success in our region.

To view this year’s list, please visit:  https://weatherhead.case.edu/events/weatherhead100/winners2022

Additional Weatherhead 100 qualifications: Not a franchise or subsidiary of another company between 2017 – 2021; Must be a for-profit organization. More than 150 firms applied for the Weatherhead 100 award.

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 any other group to be included in their rankings or awards.

$2500.00 was spent in 2022 for a table at the awards ceremony.

By clicking on the above link, 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. Weatherhead 100 award recipients: In December 2022, MAI placed 16th out of 100 firms listed and 30th out of 100 firms in 2021.  In order to be considered for the 2022 Weatherhead 100 list, applicants were required to complete an estimated 30-question survey for a 12-month period of net sales from 2017 – 2021, 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. More information about the award is available at https://weatherhead.case.edu/events/weatherhead100/apply

John Dovich, Tom Lalley, and Bill Bruns of MAI named Five Star Wealth Managers for 2022

MAI is thrilled to announce that three key team members at the firm have been recognized on Cincinnati’s Five Star Wealth Managers list for 2022. Regional President John Dovich and Senior Wealth Advisors Tom Lalley and Bill Bruns continue to do outstanding work for their clients and the firm, and we are proud of their accomplishments and recognition on this list.

All three wealth managers have previously placed on the Five Star Wealth Managers list; this will be John and Tom’s eleventh and Bill’s tenth consecutive placement.

The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. The criteria includes: Assets under management, client retention rates, a five year minimum as a registered investment advisor or as a principal of a registered investment advisor, a firm review based on internal standards, and more. Organizers considered 1,375 Cincinnati-area wealth managers for the award and 230 (17% of candidates) were named 2022 Five Star Wealth Managers.

Our team is committed to providing quality service to clients and having an impact on their lives. We are beyond excited that three of our individual team members have been recognized for their efforts in these areas and commend them for their stellar contributions to our firm. MAI remains focused on our clients and the advice and guidance we offer them, and look forward to future recognitions that our advisors achieve.

To view this year’s list, please visit: https://www.fivestarprofessional.com/awardwinners/CINWM

Five Star winners do not pay to win or to be considered for the award. Professionals showing up in Featured Results, however, may have paid a fee to appear there.

This award was issued on 9/1/22 by Five Star Professional (FSP) for the time period 01/3/2022 through 07/1/2022. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 1357 Cincinnati-area wealth managers were considered for the award; 230 (17% of candidates) were named 2022 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2021: 1357, 216, 16%, 9/1/21, 12/14/20 – 7/9/21; 2020: 1406, 216, 15%, 9/1/20, 12/2/19 – 6/12/20; 2019: 1371, 238, 17%, 9/1/19, 11/19/18 – 6/28/19; 2018: 1413, 239, 17%, 9/1/18, 12/20/17 – 7/19/18; 2017: 985, 288, 29%, 9/1/17, 12/21/16 – 6/29/17; 2016: 918, 368, 40%, 8/1/16, 2/10/16 – 7/25/16; 2015: 1667, 427, 26%, 9/1/15, 2/10/15 – 7/25/15; 2014: 2082, 483, 23%, 9/1/14, 2/10/14 – 7/25/14; 2013: 1367, 509, 37%, 9/1/13, 2/10/13 – 7/25/13; 2012: 1265, 477, 38%, 9/1/12, 2/10/12 – 7/25/12.Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit www.fivestarprofessional.com.

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 any other group to be included in their rankings or awards.

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 link, 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.

MAI Capital Management Moves Up The Rankings On Barron’s Top 100 RIA Firms

MAI Capital Management is thrilled to have earned a spot on the Barron’s, Top 100 Registered Independent Advisory (RIA) Firms list for 2022. This year, the team is placed number 26 on the list, an improvement from last year’s placing at 31.

To qualify for the list, nominees must have a minimum of $2 billion in assets under management and be registered with the SEC. Barron’s looks at assets managed, technology spending, staff diversity, succession planning, and other metrics when considering firms for the list.

The team is honored to have its hard work and dedication recognized in such a significant industry ranking. MAI has been successful in both organic and inorganic growth over the last year while prioritizing employee engagement, client satisfaction, and overall well-being at the firm. MAI looks forward to another successful year ahead and more opportunities to showcase all the team is doing to further cement its placement as an industry leader.

To view this year’s list, please visit: https://www.barrons.com/advisor/report/top-financial-advisors/ria

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 to be included in their rankings or awards.

In order to be considered for the Barron’s, 2022 Top RIA Firms list, applicants were required to complete an 145-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.

By clicking on the above link, 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.