Office address: 6050 Oak Tree Blvd., Suite 500, Cleveland, OH 44131
Website: mai.capital
Year established: 1973
Company type: financial services
Employees: 675+
Expertise: wealth management, investment management, financial planning, retirement planning, estate and trust planning, alternative investments, family office services, tax and accounting, insurance and risk management, sports and entertainment wealth advisory
Parent company: Galway Holdings, LP
Key people: Rick Buoncore (CEO), Kathleen Alcorn (CMO), Charles Crane (CoS), Leslie Drockton (general counsel), Lesa Evans (CHRO), Jim Kacic (COO), Philip Noftsinger (CFO), Kurt Nye (CIO)
Financing status: corporate-backed or acquired
MAI Capital Management is a Cleveland-based RIA. Its client base ranges from retirees and executives to athletes, with services that include financial planning, investment advisory, and tax support.
As of January 1, 2026, it manages over $72 billion in total assets across 40 offices and a team of more than 675 people.
MAI Capital Management traces its roots to a handshake between golfer Arnold Palmer and sports agent Mark McCormack in 1973. Palmer wanted someone to handle his business affairs so he could focus on golf.
That deal gave rise to International Management Group (IMG), a global sports and lifestyle company. It also created Investment Advisors International (IAI), IMG's financial arm built to manage wealth for athletes.
IAI operated under IMG for three decades before it split off as an independent firm in 2004. Three years later, BC Investment Partners acquired the company and brought in Rick Buoncore as managing partner.
The firm then rebranded as MAI Wealth Advisors, a name rooted in its McCormack Advisors International heritage. By 2014, it settled on its current name: MAI Capital Management.
MAI's next chapter started in 2017 with a partnership with Wealth Partners Capital Group, a Florida-based holding company. That alliance set the stage for a string of mergers and acquisitions across the country.
In 2020, MAI Capital Management launched MAI Sports + Entertainment to serve athletes and entertainment professionals. Galway Holdings, a financial services distribution company, then acquired MAI in 2021 to fuel national growth.
The pace picked up fast after that as MAI closed 20 acquisitions between early 2024 and February 2026 across the Southeast, Mid-Atlantic, and Appalachia. Among them were:
MAI Capital Management was also featured in InvestmentNews' Top Independent High-Net-Worth Advisors in the Midwest for 2025. This award is a merit-based ranking drawn from SEC filings, AUM data, and independent ownership criteria. MAI's inclusion puts the firm among the region's best.
MAI offers a full suite of wealth services built around a fiduciary, goals-based approach:
MAI Capital Management also assigns each client a personal team with access to its fully integrated platform. The firm pairs that hands-on service with a wide network of credentialed, in-house professionals.
MAI Capital Management builds its culture around three pillars:
Each one ties to how the company runs its business, from how it assigns client teams to how it funds employee education. MAI Capital Management's core values are:
The firm carries its culture and values into how it builds its teams. MAI Capital Management puts a high priority on hiring, developing, and keeping experienced staff. It backs that up with a range of employee benefits, which include:
MAI Capital Management also encourages employees to give back through time, money, or talent in their local areas. The firm partners with Believe in Dreams and Make-a-Wish Walk for Wishes as part of that effort. Staff across its 40 offices are also active at the board level of several nonprofit groups.
Rick Buoncore is chair and CEO of MAI Capital Management. He previously co-founded BC Investment Partners and held senior roles at Victory Capital Management, KeyCorp, and KPMG. Buoncore holds a BS in accounting from Fordham University and is a CPA.
Buoncore is supported by a leadership team that includes:
The leadership team spans wealth management, legal, operations, and finance. That spread gives MAI Capital Management the ability to manage client needs across multiple areas without outside help.
MAI is expanding its brand in the sports space through "The Pro's Pro," a monthly video podcast launched in January 2026. The show is hosted by Joe McLean, managing partner of MAI's Sports and Entertainment division, which serves over 570 athlete clients.
The first guest was two-time Super Bowl champion Eli Manning. The series gives MAI a new channel to build trust with current and future clients.
On the M&A side, MAI Capital Management acquired LOC Investment Advisers in February 2026, a West Virginia-based fee-only RIA founded in 1981. The deal added over 800 client households across 30 states to the firm's growing platform.
Financial advisors often have to deal with tech execs and their concentrated portfolios. Here's what they say about their experiences.
The serial RIA acquirer's latest partnership gives it another foothold in California's high-net-worth space within Bay Area.
The $30 billion firm's latest acquisition adds a new location in Arkansas along with roughly $317 million in additional client assets.
The Ohio-based RIA's deal for an independent wealth firm in Connecticut adds $350 million in assets under management to its book of business.
The $28B AUM RIA is extending its reach in Pennsylvania with an advisory team to high-net-worth individuals and business owners.
The RIA's latest acquisition adds three office-based locations and boosts it past the $14B AUM mark.
Fidelity's latest industry report shows deal pace slowing to healthier levels, with private equity continuing to play a significant role.
The East Coast deal marks the eighth transaction this year for the Ohio-based independent, adding to its $23.6B in client assets.
The Cleveland, Ohio-headquartered firm welcomes two new leadership additions as it looks to continue on its strategic growth path.
Wealth managers rejoice. Stocks may be sliding, but the NFL season is starting.
Devoe & Company research reveals uptick in transactions as succession challenges, quest for talent, and growth ambitions persist.
The high-net-worth RIA has added $321M to its network with the addition of a women-owned and operated practice in Colorado.
The deal is the third this year for the 50-year-old wealth management business.
