DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Mai Capital Management, LLC

Independent wealth managerCleveland, OhioCRD 109807SEC 801-58104website IAPD

Latest filing Jul 2, 2026

First filing on the tape Mar 30, 2012 · 65 filings

SEC status approved since Oct 2, 2000

RAUM

$52B

reported, Item 5.F

Discretionary

68%

of RAUM

Private clients

66%

$34B individuals and HNW

Advisors

306

registered through the firm on IAPD

RAUM per advisor

$170M

derived; firm RAUM over IAPD count

Employees

562

230 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

65 filings and snapshots on the tape

RAUM$52B as of Jul 2, 2026

Mar 30, 2012$1.8B then

HNW client RAUM$28B as of Jul 2, 2026

Mar 15, 2018$3.8B then

State-registered IARs (5.B.3)229 as of Jul 2, 2026

Mar 28, 201323 then

Employees (5.A)562 as of Jul 2, 2026

Mar 28, 201359 then

Private funds33 as of Jul 2, 2026

Mar 30, 20125 then

RAUM +76% over the last fiscal year+49% a year over threeIARs 203 to 229

Practice profile

derived from the filing of Jul 2, 2026; every figure names its basis

Archetypes, each a printed rule

Consolidator · three or more firms absorbed (half or more of their registered advisors moved to this adviser within 14 days) in 24 months
HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)

RAUM per advisor: $170MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 51derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $5.6MderivedHNW RAUM over HNW clients
Average account: $1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary: 68%derivedof RAUM
Institutional: 28%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.8derivedItem 5.A over advisors
Advisors per office: 10.2derived30 offices incl. principal (1.F.5)
RAUM growth, one year: +76%derivedbetween the last two annual amendments
Advisor growth, one year: +13%derivedItem 5.B.3 between annual amendments
Client growth, one year: +26%derived
Compensation: percentage of assets, hourly, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, pension consulting, selection of other advisers, otherreportedItem 5.G
Financial planning clients: 9,000reportedItem 5.H
Wrap fee program: participatesreportedItem 5.I
Custody: $6.9B, 2,998 clientsreportedItem 9.A
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Firms absorbed, 24 months: 8derivedhalf or more of a firm's advisors moved here within 14 days
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

is a trust company (6.A.8)
buys or sells securities as principal to or from clients (8.A.2)
has discretionary authority over which securities are bought or sold (8.C.1)
receives research or other products from a broker-dealer, soft dollars (8.E)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)
a related person has custody of client cash (9.B.1.a)
a related person has custody of client securities (9.B.1.b)
marketing includes testimonials (5.L.1.c)
marketing includes hypothetical performance (5.L.3)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$28B53%
Pension and profit-sharing plans$14B27%
Individuals$6.7B13%
Pooled investment vehicles$2.5B4.7%
Corporations and businesses$628M1.2%
Charitable organizations$416M0.8%
Investment companies$217M0.4%
Other investment advisers$156M0.3%
State and municipal entities$17.3M0.0%

Individual clients: 10,838reported
HNW clients: 4,902reported
Pension plan clients: 205reported
Charitable clients: 90reported
Accounts: 48,547reported
Financial planning clients: 9,000reported
Wrap fee programs: $0 sponsored, $1.3M managedreported
Custody of client assets: $6.9B for 2,998 clientsreported
Compensation: % of AUM, fixed, hourly, performancereported
Class basis: private_client_share=0.66 fund_share=0.05 institutional_share=0.28 related_bd=false related_bank=false bd_reps=1.0derived

Advisors registered through the firm

306 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
John Guido Ciancibello	Cleveland, Oh	Jul 13, 2001	11 y	0
John George PalgutaCertified Financial Planner	Cleveland, Oh	Jul 31, 2001	11 y	0
Richard James Buoncore	Cleveland, Oh	Apr 12, 2007	32 y	2
John Daniel ZallerChartered Financial Analyst	Cleveland, Oh	Jan 22, 2008	18 y	0
Douglas John ButlerChartered Financial Analyst	Cleveland, Oh	Mar 3, 2010	31 y	1
Gregory Ronald BadowskiCertified Financial Planner	Cleveland, Oh	Apr 20, 2011	11 y	0
Timothy C. CarnevalCertified Financial Planner	Cleveland, Oh	Dec 21, 2011	18 y	1
Jason Edward PutmanCertified Financial Planner, Chartered Financial Analyst	Cleveland, Oh	Sep 27, 2012	25 y	0
Jeffrey William StarkChartered Financial Analyst	Cleveland, Oh	Jan 2, 2013	13 y	0
Kurt David NyeChartered Financial Analyst	Cleveland, Oh	Sep 10, 2013	11 y	0
Michael Lee BeaulieuCertified Financial Planner, Chartered Financial Analyst	Ponte Vedra Beach, Fl	Jun 20, 2014	27 y	1
James Lyman Smith	Cleveland, Oh	Dec 4, 2014	11 y	0
Andrew Raymond MeyerCertified Financial Planner, Chartered Financial Analyst	Newport Beach, Ca	Jun 10, 2015	11 y	0
Nicholas Michael SrmagChartered Financial Analyst	Cleveland, Oh	Aug 4, 2016	25 y	0
Christine Elizabeth Pauletta	Cleveland, Oh	Sep 23, 2016	11 y	0
Robert Leonard Caron	Cleveland, Oh	Jan 3, 2017	33 y	3
Ryan David AshleyCertified Financial Planner	Ponte Vedra Beach, Fl	Jul 10, 2017	16 y	3
Benjamin Joel SayerChartered Financial Analyst	Cleveland, Oh	Jul 27, 2017	12 y	0
Lynne Marie Lawrence	Cleveland, Oh	Aug 3, 2017	10 y	0
Riley Robertson RindoCertified Financial Planner	Cleveland, Oh	Nov 30, 2017	16 y	2
Douglas Michael AndrassyCertified Financial Planner	Cleveland, Oh	Feb 5, 2018	30 y	1
William James CollinsCertified Financial Planner	Burlington, Ma	Feb 15, 2018	35 y	2
John Michael RubyCertified Financial Planner	Cleveland, Oh	Jan 3, 2019	21 y	7
Ryan Joseph CataneseCertified Financial Planner	Cleveland, Oh	Feb 27, 2019	9 y	0
Bradley Jon Smith	Reston, Va	Jul 1, 2019	23 y	4
William Carl Bruns	Cincinnati, Oh	Jul 8, 2019	29 y	2
Neil Joseph John HantakChartered Financial Analyst	Cincinnati, Oh	Jul 8, 2019	23 y	2
Michael C BrennanCertified Financial Planner	Cincinnati, Oh	Jul 9, 2019	18 y	2
William Robert BrunsCertified Financial Planner	Cincinnati, Oh	Jul 9, 2019	12 y	2
John David DovichChartered Financial Consultant	Naples, Fl	Jul 12, 2019	28 y	1
Thomas Joseph LalleyCertified Financial Planner, Chartered Financial Analyst	Cincinnati, Oh	Jul 17, 2019	32 y	1
Steven Brent TraxCertified Financial Planner	Cleveland, Oh	Jul 23, 2019	30 y	2
Frank SanchezCertified Financial Planner, Chartered Financial Consultant	Newport Beach, Ca	Oct 26, 2020	30 y	5
Buoncore John Christopher	Cleveland, Oh	Nov 16, 2020	14 y	0
Devin Robert Fraley	St Louis, Mo	Dec 22, 2020	11 y	1
Aaron J ZiskaCertified Financial Planner, Chartered Financial Analyst	St. Louis, Mo	Dec 22, 2020	12 y	1
Jay Kelly White	Little Rock, Ar	Jan 4, 2021	25 y	1
Stephen Ward Chaffin	Little Rock, Ar	Jan 4, 2021	44 y	1
Matthew Ross Chaffin	Little Rock, Ar	Jan 4, 2021	11 y	1
Gorge Luis EstevezCertified Financial Planner	St. Louis, Mo	Jan 8, 2021	12 y	1

All 306 advisors at Mai Capital Management, LLC

Advisor movement

14 left, 52 joined in 12 months

net +38 in 12 months2 left in 90 days4 joined in 90 daysdeparture rate 4.6% of current headcount29 left over 36 months

Left, latest

Robert Christopher Chorlins to Savvy
Jul 23, 2026 · RIA to RIA
Andrew John Zalic to Raymond James Financial Services Advisors, Inc
Jul 6, 2026 · RIA to affiliated broker-dealer or bank
Dylan Ray Casler to Mcdonald Partners LLC
Jun 18, 2026 · RIA to RIA
Michael Andrew Fetsko to Focus Partners Wealth, LLC
Jun 1, 2026 · RIA to RIA
Armen George Keheyan to Evolve Private Wealth, LLC
May 5, 2026 · RIA to RIA
Meghan Kathleen Doherty to Mercer Global Advisors Inc.
Apr 27, 2026 · RIA to RIA
Nicholas Andrian to Evolve Private Wealth, LLC
Apr 21, 2026 · RIA to RIA
Cody James to Beacon Pointe Advisors, LLC
Apr 10, 2026 · RIA to RIA
Mark Steven Ostroff to Cresset Asset Management, LLC
Mar 31, 2026 · RIA to RIA
Christopher Laurence Watson to Rwa Wealth Partners
Feb 27, 2026 · RIA to RIA
Christopher L. Fetes to Grey Rhodes Advisors, LLC
Feb 24, 2026 · RIA to a state-registered adviser
Austin L Barr to LPL Financial LLC
Dec 15, 2025 · RIA to affiliated broker-dealer or bank
Grace C Jaehnen to LPL Financial LLC
Sep 29, 2025 · RIA to affiliated broker-dealer or bank
Matthew Harris to Mission Wealth Management, LP
Sep 17, 2025 · RIA to RIA
Mitchel Travis Faulkner to Destiny Wealth Partners, LLC
Sep 2, 2025 · RIA to RIA

Joined, latest

Ryan Timothy O'Donnell from The O'Donnell Group
Aug 26, 2026 · RIA to RIA
Michael Thomas O'Donnell from The O'Donnell Group
Aug 26, 2026 · RIA to RIA
Christopher Glenn Thomason from Northwestern Mutual Investment Services,LLC
Aug 17, 2026 · Other
Nicole Ann Zidlicky from Pruco Securities, LLC
Aug 10, 2026 · Affiliated broker-dealer or bank to independent RIA
Stephen Ernest Norton from Saybrook Wealth Group, Inc.
Jun 18, 2026 · RIA to RIA
Emmanuel Rodriguez Dela Cerna from Commonwealth Financial Network
Jun 15, 2026 · Affiliated broker-dealer or bank to independent RIA
Matthew Joseph Wells from First Horizon Advisors, Inc
Jun 1, 2026 · RIA to RIA
Evan T Stablein from J.P. Morgan Securities LLC
May 13, 2026 · Wirehouse to independent RIA
John Robert Beck from Corient
May 5, 2026 · RIA to RIA
Angela Marie Jamar from Osaic Wealth, Inc.
Apr 9, 2026 · Affiliated broker-dealer or bank to independent RIA
Hunter Shoemake from Momentum Independent Network Inc.
Mar 26, 2026 · Affiliated broker-dealer or bank to independent RIA
David Wayne Lanham from Loc Investment Advisers
Mar 6, 2026 · RIA to RIA
Patrick Sean Mayberry from Loc Investment Advisers
Mar 6, 2026 · RIA to RIA
Jose Ignacio Marques from MML Investors Services, LLC
Feb 25, 2026 · Affiliated broker-dealer or bank to independent RIA
David Lowell Williams from Loc Investment Advisers
Feb 23, 2026 · RIA to RIA

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 left for Evolve Private Wealth, LLC
Apr 21, 2026 · Los Angeles, Ca
2 left for Bluestone Private Wealth, LLC
May 2, 2022 · Cleveland, Oh

2 joined from The O'Donnell Group
Aug 24, 2026 · Chico, Ca
2 joined from Evoke Advisors
Apr 21, 2026 · Los Angeles, Ca
4 joined from Loc Investment Advisers
Mar 4, 2026 · Hurricane, Wv · Firm absorbed
6 joined from Lowe Wealth Advisors, LLC
Dec 17, 2025 · Columbia, Md · Firm absorbed
3 joined from Court Place Advisors LLC
Dec 1, 2025 · Ellicott City, Md · Firm absorbed
6 joined from Coons Advisors
Sep 19, 2025 · Columbus, Oh · Firm absorbed
2 joined from Constellation Wealth Advisors
Apr 25, 2025 · Cincinnati, Oh
3 joined from Concentric Wealth Management LLC
Jan 24, 2025 · Lafayette, Ca · Firm absorbed

Teams out Teams in

Private funds

49 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
Mai Capital Gp Staking Fund LP	Private Equity Fund	$171M	447	Mar 31, 2023
Mai Capital Income And Growth Fund Vi, Qp	Real Estate Fund	$157M	487	Mar 28, 2024
Mai Capital Income And Growth Fund V Qp, L.P.	Real Estate Fund	$110M	185	Mar 31, 2021
Mai Glade Brook Venture Fund LP	Real Estate Fund	$84.4M	146	Mar 31, 2023
Mai Capital Sports And Entertainment Seeding Fund LP		$57.1M	187	Jul 2, 2026
Mai Managed Volatility Fund, LPno longer reported	Other Private Fund	$54.5M	38	Mar 30, 2012
Fixed Opportunity Partners I, LLCno longer reported	Other Private Fund	$43.9M	83	Mar 28, 2012
Mai Diversified Real Estate Income Fund, L.P.	Real Estate Fund	$37.1M	101	Mar 15, 2018
Mai Capital Income And Growth Fund IV, L.P.	Real Estate Fund	$28.8M	89	Mar 15, 2018
Mai Diversified Real Estate Income Fund III	Real Estate Fund	$28.0M	67	Mar 31, 2023
Mai Solamere Private Equity Fund LP	Private Equity Fund	$23.7M	75	Mar 31, 2023
Mai Large Cap Core Fund, LLCno longer reported	Hedge Fund	$19.3M	23	Mar 30, 2012
Mai Diversified Real Estate Income Fund II, L.P.	Real Estate Fund	$18.9M	77	Mar 15, 2018
Mai Capital Secondaries Infrastructure Solution, L.P.		$18.8M	352	Jul 2, 2026
Mai Capital Income And Growth Fund III, LPno longer reported	Real Estate Fund	$18.7M	47	Mar 16, 2017
Mai Capital Income And Growth Fund Vi Qc		$18.6M	100	Jul 2, 2026
Eden Park Investments. LLCno longer reported	Private Equity Fund	$17.9M	53	Nov 20, 2017
Mai Industrial Warehouse Fund, L.P.no longer reported	Private Equity Fund	$15.4M	35	Mar 31, 2021
Mai Affordable Housing Fund, L.P.		$14.6M	62	Jul 2, 2026
Mai Multi Cap Opportunity Fund, LLCno longer reported	Hedge Fund	$14.6M	27	Mar 30, 2012
Mai Capital Income And Growth Fund V Qc, L.P.	Real Estate Fund	$12.6M	70	Mar 31, 2021
Mai Solamere Series IV Leaders Fund, LP		$10.8M	48	Jul 2, 2026
Mai Wealth Income Opportunity Master Fund, L.P.no longer reported	Hedge Fund	$9.9M	29	Mar 30, 2012
Mai Opportunity Fund, LP	Private Equity Fund	$9.8M	60	May 9, 2014
Mai Capital Gp Staking Fund Feeder LP		$9.3M	55	Jul 2, 2026
Mai Avenue Sports Fund LP		$8.2M	104	Jul 2, 2026
Mai Lending Fund, L.P.	Private Equity Fund	$8.0M	69	Mar 27, 2019
Mai Capital Otro Sports Fund LP		$7.3M	123	Jul 2, 2026
Hartwell Capital Partners LPno longer reported	Hedge Fund	$4.8M	6	Mar 30, 2012
Intersect Ventures Vi LLCno longer reported	Private Equity Fund	$4.7M	16	Mar 31, 2023
Md Investment Partners, LLCno longer reported	Private Equity Fund	$3.4M	19	Nov 20, 2017
Intersect Ventures I LLCno longer reported	Private Equity Fund	$2.6M	8	Mar 31, 2023
Intersect Ventures Xi LLCno longer reported	Private Equity Fund	$2.6M	11	Mar 31, 2023
Intersect Ventures Vii LLC	Private Equity Fund	$2.2M	17	Mar 31, 2023
Intersect Ventures Xiv LLC	Private Equity Fund	$1.6M	16	Mar 31, 2023
Intersect Ventures V LLC	Private Equity Fund	$1.4M	23	Mar 31, 2023
Mai Wealth Private Equity Fund, L.P.	Private Equity Fund	$685,325	14	Mar 30, 2012
Mai Capital Income And Growth Fund II, L.P.	Real Estate Fund	$587,123	104	Mar 24, 2016
Intersect Ventures Ix LLC	Private Equity Fund	$476,447	38	Mar 31, 2023
Mai Strategic Equity Allocation Master Fund LPno longer reported	Hedge Fund	$314,462	17	Mar 28, 2013

All funds of Mai Capital Management, LLC

Owners and control persons

Schedule A and B, latest filing

James Richard Buoncore · Chairman & Chief Executive Officercontrol
since 01/2026 · owns less than 5%
Leslie Drockton · General Counselcontrol
since 06/2023 · owns less than 5%
Frances Jane Eagle · Managing Partnercontrol
since 11/2025 · owns less than 5%
Jonathan Mark Happe · Chief Compliance Officercontrol
since 08/2023 · owns less than 5%
Chih David Hou · Managing Partnercontrol
since 11/2025 · owns less than 5%
D. James Kacic · Managing Partner And Chief Operating Officercontrol
since 09/2024 · owns less than 5%
Edward Albert Macdonald · Managing Partnercontrol
since 10/2025 · owns less than 5%
R. Joseph Mclean · Managing Partnercontrol
since 09/2024 · owns less than 5%
Philip Noftsinger · Chief Financial Officercontrol
since 09/2024 · owns less than 5%
David Kurt Nye · Managing Partner & Chief Investment Officercontrol
since 09/2024 · owns less than 5%
David Jay Sanders · Managing Partnercontrol
since 11/2025 · owns less than 5%
Daniel John Zaller · Managing Partnercontrol
since 09/2024 · owns less than 5%

Entity owners

Mai Capital Management · Member
direct · owns 75% or more
Mai Capital Management Intermediate LLC · Member
direct · owns 75% or more
Mai Capital Management Holdings LLC · Member
indirect · owns F of Mai Intermediate Finance Holdings LLC
Mai Capital Management Investor LLC · Member
indirect · owns 50% to 75% of Mai Capital Management Holdings LLC
Mai Finance Holdings LLC · Member
indirect · owns 75% or more of Mai Capital Management Intermediate LLC
Mai Galway Holdings LP · Member
indirect · owns F of Mai Capital Management Investor LLC
Mai Intermediate Finance Holdings LLC · Member
indirect · owns 75% or more of Mai Finance Holdings LLC

Related persons

Schedule D 7.A

Edgewood Partners Insurance Center (Epic)
real estaten
Mai Capital Gp Staking Gp LLC
pooled vehicle sponsorn
Mai Capital Income & Growth Gp III, LLC
pooled vehicle sponsorn
Mai Capital Income & Growth Gp IV, LLC
pooled vehicle sponsorn
Mai Capital Income & Growth Gp V Qc, LLC
pooled vehicle sponsorn
Mai Capital Income & Growth Gp V Qp, LLC
pooled vehicle sponsorn
Mai Capital Income & Growth Gp, LLC
pooled vehicle sponsorn
Mai Capital Income And Growth Vi Qp Gp, LLC
pooled vehicle sponsorn
Mai Diversified Real Estate Income Gp, LLC
pooled vehicle sponsorn
Mai Diversified Real Estate Income II Gp, LLC
pooled vehicle sponsorn
Mai Diversified Real Estate Income III Gp, LLC
pooled vehicle sponsorn
Mai Glade Brook Fund Gp, LLC
pooled vehicle sponsorn
Mai Industrial Warehouse Gp, LLC
pooled vehicle sponsorn
Mai Insurance Solutions, LLC
real estatey
Mai Lending G.P., LLC
pooled vehicle sponsorn
Mai Solamere Fund Gp, LLC
pooled vehicle sponsorn
Mai Wealth Gp LLC
pooled vehicle sponsorn
Mai Wealth Opportunity Gp, LLC
pooled vehicle sponsorn
Mai Wealth Private Equity Gp LLC
pooled vehicle sponsorn

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out
Cleveland, Oh · principal	89	10	5
Los Angeles, Ca	37	36	2	1
Cincinnati, Oh	25	0	0
Ponte Vedra Beach, Fl	11	1	0
New York, Ny	10	4	1
Charlotte, Nc	9	3	1
Newport Beach, Ca	7	2	1
Dallas, Tx	7	5	0
Columbus, Oh	7	6	0
Little Rock, Ar	6	0	0
Columbia, Md	6	6	0
Naples, Fl	6	0	0
San Ramon, Ca	5	0	0
Marriottsville, Md	5	0	0
New Castle, Pa	5	0	0
St Louis, Mo	5	0	1
Ashburn, Va	5	0	1
Lafayette, Ca	4	0	0
Boulder, Co	4	0	0
Ellicott City, Md	4	4	0

All 45 offices

Post-acquisition retention

advisors of absorbed firms still registered here after the move

Firms absorbed: 21 since 2015, 8 in 24 monthsderived
Advisors acquired: 92derived
Still registered after 90 days: 89% of 92derived
After 180 days: 89% of 92derived
After 365 days: 88% of 73derived
After 730 days: 93% of 58derived
Team lift-outs after: 12derivedteams that left this firm within two years of an absorption

Lower bound: a person who left the industry is on neither side of the tape, and a re-registration to an affiliated CRD of the same group counts as a departure.

Offices

Schedule D 1.F, the 25 largest

Ponte Vedra Beach, FL11 employees
Cincinnati, OH9 employees
San Ramon, CA8 employees
Charlotte, NC7 employees
Cincinnati, OH7 employees
New York, NY6 employees
Newport Beach, CA6 employees
St Louis, MO5 employees
Little Rock, AR5 employees
Marriottsville, MD5 employees
Leesburg, VA4 employees
Naples, FL4 employees
North Canton, OH4 employees
Burlington, MA4 employees
Reston, VA4 employees
Santa Rosa, CA4 employees
Bannockburn, IL3 employees
New York, NY3 employees
Rockville, MD3 employees
Little Rock, AR2 employees
Cincinnati, OH2 employees
Madison, CT2 employees
Columbus, OH1 employees
Northbrook, IL1 employees
Greenwood Village, CO1 employees

ADV anomalies

10 against comparable advisers; where to look, not conclusions

control person changedChange between filings · filing Jul 2, 2026
SANDERS, JAY, DAVID (MANAGING PARTNER) appeared on Schedule A between the filings of 2024-09-26 and 2026-07-02
peers: independent wealth managers, $20B and over (84)
control person changedChange between filings · filing Jul 2, 2026
NOFTSINGER, PHILIP (CHIEF FINANCIAL OFFICER) left Schedule A between the filings of 2024-09-26 and 2026-07-02
peers: independent wealth managers, $20B and over (84)
control person changedChange between filings · filing Jul 2, 2026
HOU, DAVID, CHIH (MANAGING PARTNER) appeared on Schedule A between the filings of 2024-09-26 and 2026-07-02
peers: independent wealth managers, $20B and over (84)
control person changedChange between filings · filing Jul 2, 2026
EAGLE, JANE, FRANCES (MANAGING PARTNER) appeared on Schedule A between the filings of 2024-09-26 and 2026-07-02
peers: independent wealth managers, $20B and over (84)
control person changedChange between filings · filing Jul 2, 2026
MACDONALD, ALBERT, EDWARD (MANAGING PARTNER) appeared on Schedule A between the filings of 2024-09-26 and 2026-07-02
peers: independent wealth managers, $20B and over (84)
wealth to institutional shiftCombination · filing Mar 31, 2026
private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $29,630,499,856 to $52,101,252,111, advisors 203 to 229, private clients 12466 to 15740, offices 29 to 29 (2025-03-31 to 2026-03-31)
peers: independent wealth managers, $20B and over (84)
client mix shiftChange between filings · filing Mar 31, 2026
private-client share of RAUM moved from 91.0% to 66.0% between the annual amendments of 2025-03-31 and 2026-03-31
peers: independent wealth managers, $20B and over (84)
discretionary share shiftChange between filings · filing Mar 31, 2026
discretionary share of RAUM moved from 93.0% to 68.0% between the annual amendments of 2025-03-31 and 2026-03-31
peers: independent wealth managers, $20B and over (84)
HNW share shiftChange between filings · filing Mar 31, 2026
HNW share of RAUM moved from 78.0% to 53.0% between the annual amendments of 2025-03-31 and 2026-03-31
peers: independent wealth managers, $20B and over (84)
institutional asset share shiftChange between filings · filing Mar 31, 2026
institutional share of RAUM moved from 4.0% to 29.0% between the annual amendments of 2025-03-31 and 2026-03-31
peers: independent wealth managers, $20B and over (84)

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 40,758 to 48,547
Jan 22, 2026 to Mar 31, 2026
Advisory employees · 204 to 230
Jan 22, 2026 to Mar 31, 2026
BD registered reps · 2 to 1
Jan 22, 2026 to Mar 31, 2026
Charity clients · 51 to 90
Jan 22, 2026 to Mar 31, 2026
Corporate clients · 102 to 184
Jan 22, 2026 to Mar 31, 2026
HNW clients · 4,781 to 4,902
Jan 22, 2026 to Mar 31, 2026
Individual clients · 7,685 to 10,838
Jan 22, 2026 to Mar 31, 2026
Pension plan clients · 127 to 205
Jan 22, 2026 to Mar 31, 2026
Pooled vehicle clients · 36 to 33
Jan 22, 2026 to Mar 31, 2026
Assets in custody · $8.6B to $6.9B
Jan 22, 2026 to Mar 31, 2026
Employees · 482 to 562
Jan 22, 2026 to Mar 31, 2026
State-registered IARs · 203 to 229
Jan 22, 2026 to Mar 31, 2026
Private funds · 35 to 33
Jan 22, 2026 to Mar 31, 2026
Discretionary RAUM · $27B to $36B
Jan 22, 2026 to Mar 31, 2026
HNW RAUM · $23B to $28B
Jan 22, 2026 to Mar 31, 2026
Individual RAUM · $3.7B to $6.7B
Jan 22, 2026 to Mar 31, 2026
Non-discretionary RAUM · $2.1B to $16B
Jan 22, 2026 to Mar 31, 2026
Pension RAUM · $488M to $14B
Jan 22, 2026 to Mar 31, 2026
Pooled vehicle RAUM · $1.2B to $2.5B
Jan 22, 2026 to Mar 31, 2026
RAUM · $30B to $52B
Jan 22, 2026 to Mar 31, 2026
Wrap assets (manager) · $1.9M to $1.3M
Jan 22, 2026 to Mar 31, 2026
Related adviser · false to true
Aug 7, 2025 to Nov 29, 2025
Financial planning clients · More than 500 to More than 500
Jun 23, 2025 to Jul 2, 2025
Accounts · 26,826 to 40,758
Sep 26, 2024 to Mar 31, 2025
Advisory employees · 137 to 204
Sep 26, 2024 to Mar 31, 2025
BD registered reps · 1 to 2
Sep 26, 2024 to Mar 31, 2025
Charity clients · 45 to 51
Sep 26, 2024 to Mar 31, 2025
Corporate clients · 74 to 102
Sep 26, 2024 to Mar 31, 2025
HNW clients · 3,958 to 4,781
Sep 26, 2024 to Mar 31, 2025
Individual clients · 4,561 to 7,685
Sep 26, 2024 to Mar 31, 2025
Pension plan clients · 37 to 127
Sep 26, 2024 to Mar 31, 2025
Pooled vehicle clients · 30 to 36
Sep 26, 2024 to Mar 31, 2025
Assets in custody · $8.2B to $8.6B
Sep 26, 2024 to Mar 31, 2025
Employees · 331 to 482
Sep 26, 2024 to Mar 31, 2025
State-registered IARs · 134 to 203
Sep 26, 2024 to Mar 31, 2025
Other offices · 26 to 29
Sep 26, 2024 to Mar 31, 2025
Private funds · 30 to 35
Sep 26, 2024 to Mar 31, 2025
Discretionary RAUM · $18B to $27B
Sep 26, 2024 to Mar 31, 2025
HNW RAUM · $16B to $23B
Sep 26, 2024 to Mar 31, 2025
Individual RAUM · $1.5B to $3.7B
Sep 26, 2024 to Mar 31, 2025

Signals

60 dated events

2 advisors left The O'Donnell Group (Chico, CA) for Mai Capital Management, LLC on the same day
Aug 24, 2026 · Team lift-out · derived
Robert Christopher Chorlins left Mai Capital Management, Llc for Savvy (registered 2026-08-10)
Jul 23, 2026 · Advisor changed firm · fact
Andrew John Zalic left Mai Capital Management, Llc for Raymond James Financial Services Advisors, Inc (registered 2026-08-11)
Jul 6, 2026 · Advisor changed firm · fact
Dylan Ray Casler left Mai Capital Management, Llc for Mcdonald Partners Llc (registered 2026-07-17)
Jun 18, 2026 · Advisor changed firm · fact
Michael Andrew Fetsko left Mai Capital Management, Llc for Focus Partners Wealth, Llc (registered 2026-06-30)
Jun 1, 2026 · Advisor changed firm · fact
Armen George Keheyan left Mai Capital Management, Llc for Evolve Private Wealth, Llc (registered 2026-05-18)
May 5, 2026 · Advisor changed firm · fact
Meghan Kathleen Doherty left Mai Capital Management, Llc for Mercer Global Advisors Inc. (registered 2026-06-02)
Apr 27, 2026 · Advisor changed firm · fact
Nicholas Andrian left Mai Capital Management, Llc for Evolve Private Wealth, Llc (registered 2026-04-20)
Apr 21, 2026 · Advisor changed firm · fact
2 advisors left Mai Capital Management, LLC (Los Angeles, CA) for Evolve Private Wealth, LLC within 14 days
Apr 21, 2026 · Team lift-out · derived
2 advisors left Evoke Advisors (Los Angeles, CA) for Mai Capital Management, LLC within 14 days
Apr 21, 2026 · Team lift-out · derived
Cody James left Mai Capital Management, Llc for Beacon Pointe Advisors, Llc (registered 2026-05-06)
Apr 10, 2026 · Advisor changed firm · fact
Mark Steven Ostroff left Mai Capital Management, Llc for Cresset Asset Management, Llc (registered 2026-04-07)
Mar 31, 2026 · Advisor changed firm · fact
Mai Capital Management, Llc reported RAUM $52.1B, up 76% from $29.6B (2026-01-22 to 2026-03-31)
Mar 31, 2026 · RAUM change · derived
Loc Investment Advisers's advisors moved to Mai Capital Management, LLC (Hurricane, WV): 4 of 5 registered, on the same day
Mar 4, 2026 · Firm absorbed (people side) · derived
Christopher Laurence Watson left Mai Capital Management, Llc for Rwa Wealth Partners (registered 2026-07-09)
Feb 27, 2026 · Advisor changed firm · fact
Christopher L. Fetes left Mai Capital Management, Llc for Grey Rhodes Advisors, Llc (registered 2026-05-22)
Feb 24, 2026 · Advisor changed firm · fact
Lowe Wealth Advisors, LLC's advisors moved to Mai Capital Management, LLC (Columbia, MD): 6 of 6 registered, on the same day
Dec 17, 2025 · Firm absorbed (people side) · derived
Austin L Barr left Mai Capital Management, Llc for Lpl Financial Llc (registered 2026-03-26)
Dec 15, 2025 · Advisor changed firm · fact
Court Place Advisors LLC's advisors moved to Mai Capital Management, LLC (Ellicott City, MD): 3 of 4 registered, on the same day
Dec 1, 2025 · Firm absorbed (people side) · derived
Grace C Jaehnen left Mai Capital Management, Llc for Lpl Financial Llc (registered 2026-02-06)
Sep 29, 2025 · Advisor changed firm · fact
Coons Advisors's advisors moved to Mai Capital Management, LLC (Columbus, OH): 6 of 6 registered, on the same day
Sep 19, 2025 · Firm absorbed (people side) · derived
Matthew Harris left Mai Capital Management, Llc for Mission Wealth Management, Lp (registered 2025-09-18)
Sep 17, 2025 · Advisor changed firm · fact
Mitchel Travis Faulkner left Mai Capital Management, Llc for Destiny Wealth Partners, Llc (registered 2025-09-18)
Sep 2, 2025 · Advisor changed firm · fact
Joseph Tyndale Neff left Mai Capital Management, Llc for Measured Wealth Private Client Group, Llc (registered 2025-11-12)
Aug 4, 2025 · Advisor changed firm · fact
Thomas Sims left Mai Capital Management, Llc for Schwab Wealth Advisory, Inc. (registered 2026-06-09)
Jul 22, 2025 · Advisor changed firm · fact
Carlos Jacob Poblano left Mai Capital Management, Llc for Eversource Wealth Advisors, Llc (registered 2025-09-12)
Jul 16, 2025 · Advisor changed firm · fact
Jordan S Press left Mai Capital Management, Llc for F L Putnam Investment Management Co. (registered 2025-07-02)
Jul 10, 2025 · Advisor changed firm · fact
Nathan Hite Lawhead left Mai Capital Management, Llc for Cambridge Investment Research Advisors, Inc. (registered 2025-06-10)
May 5, 2025 · Advisor changed firm · fact
Anthony Comeau Davis left Mai Capital Management, Llc for Brass Capital (registered 2025-04-30)
Apr 28, 2025 · Advisor changed firm · fact
2 advisors left Constellation Wealth Advisors (Cincinnati, OH) for Mai Capital Management, LLC on the same day
Apr 25, 2025 · Team lift-out · derived

Across DFX

shared identifiers only, never a name match

MAI Capital Management · Family Offices
shared crd · office
MAI Capital Management, LLC · Independent Sponsors
shared crd · capital_provider
MAI Capital Management, LLC · Private Equity
shared crd · organization

How to reach

public business contact points only, each with its source

Firm profile: linkedin.com/company/maicapitalmanagementreportedpublic record, Form ADV, Sep 17, 2026
Website: maifunds.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: (216) 920-4800reportedpublic record, Form ADV, Jul 2, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $170Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026

Across the graphs

Mai Capital Management, LLC is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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