Barron’s Names MAI to Its List of Top 100 Independent Financial Advisors

MAI’s Managing Partner, Richard J. (Rick) Buoncore, named a Top 100 Independent Financial Advisor for the First Time

CLEVELAND--()--Barron’s has named MAI Wealth Advisors’ (MAI) Managing Partner, Richard J. (Rick) Buoncore one of the “Top 100 Independent Financial Advisors for 2014.” It was the first time MAI received this recognition. Barron's has been ranking independent advisors since 2007, the same year Buoncore acquired MAI, which was founded in 1973. The Barron’s ranking, announced August 23rd, is based on firm assets, quality of practices, revenue that advisors generate for their firms, and other factors.

According to Buoncore, “This honor is a definitive recognition of the great clients we serve, and of our entire team of professionals at MAI. All of us at MAI are committed to taking care of three things everyday: our clients, each other, and our community. Within that context, we have been able to live up to our highly disciplined approach to wealth management and to what the letters MAI truly represent: Manage, Advise, and Innovate.”

Since the acquisition by Buoncore in 2007, led by the current management team, MAI has grown more than four-fold to more than $3.8 billion of assets under management.

“‘Wealth preservation’ is the cornerstone of our firm,” added Albie E. MacDonald, a Managing Director at MAI. “Preservation is the centerpiece of managing our clients’ wealth. Plus, we advise our clients with a holistic view of their long and short-term goals. And we innovate, when needed, to find solutions through exhaustive research and analysis, by improving existing strategies and creating new ones.

“We all have an intense focus in servicing our clients: wealth preservation is above all else,” he said.

Buoncore concluded, “All of us at MAI are relentlessly focused on taking care of clients and preserving their hard earned wealth.”

About The Barron’s Top 100 Independent Financial Advisors
According to Barron’s regarding the Top 100 Independent Financial Advisors for 2014, “Barron's has ranked independent advisors since 2007. As with our other advisor listings, which include names from big Wall Street firms, this one is based on assets under management, quality of practices, revenue that advisors generate for their firms, and other factors.

“Investment performance is not an explicit criterion, because the clients of the advisors have widely differing goals. Since many are quite wealthy -- the typical customer of the top 100 has a net worth of $19.66 million -- the goal is often asset preservation.”

About MAI
MAI is a firm that provides wealth management and targeted investment management solutions that begins by listening to clients to form a deep understanding of their needs. MAI serves ultra high-net worth families and high-net worth individuals from all walks of life. The “MAI Process” represents Manage, Advise, and Innovate with targeted solutions. For more information go to www.maiwealth.com, or call Managing Director, Scott Roulston at 216.920.4959.

Contacts

For MAI
Rob Wyse, 212-920-1470
rob@capital-content.com

Release Summary

Barron's select MAI as a Top 100 Independent Financial Advisors

Contacts

For MAI
Rob Wyse, 212-920-1470
rob@capital-content.com