CLEVELAND--(BUSINESS WIRE)--MAI Capital Management, LLC (“MAI”) continues to build its New York City team with the addition of longtime business development professional Frank D’Ambrosio. Joining the team earlier this year, D’Ambrosio serves as Managing Director and has spent the last several months extending MAI’s positioning in the marketplace, supporting business development and driving distribution of the firm’s proprietary investment strategies. MAI is an independent registered investment adviser specializing in comprehensive wealth management for high-net-worth individuals and families.
D’Ambrosio brings over 30 years of industry experience working in several key business development roles. Most recently, D’Ambrosio worked as Executive Director at Mercury Capital Advisors where he was instrumental in rolling out a digitally-enabled technology platform and developed a robust customer base to support the platform’s launch. Previously, he held positions with Hudson Partners Securities, LLC, Skybridge Capital, ISI Evercore and Neuberger Berman in New York.
“MAI places a significant emphasis on achieving client success at the highest level,” said D’Ambrosio “I am thrilled to have the opportunity to be a part of this team and bring my experience to the table to further support MAI’s goals.”
D’Ambrosio’s role complements the firm’s overall growth trajectory. Within the last three years, MAI has achieved notable growth as a result of its acquisition strategy and the addition of like-minded firms and professionals. In late 2019, the firm extended its footprint to New York City through the acquisition of J.M. Hartwell in December 2019. In May 2020, MAI further expanded in the region by partnering with Grisanti Capital Management, LLC.
“Frank’s vast expertise paired with his deep commitment to forging new relationships and driving new business is key to our success in the New York region,” remarked Rick Buoncore, Managing Partner of MAI. “As we continue to expand across new locations, our team is working to seek out the best and brightest in the industry to support our efforts. Frank is a true example of that strategy.”
D’Ambrosio studied finance at Georgetown University where he achieved a bachelor’s degree in business administration with a concentration in accounting. He then continued his education at New York University, earning an MBA in finance.
About MAI Capital Management
MAI Capital Management (“MAI”) is a fee-based registered investment adviser and wealth management firm based in Cleveland, with additional offices in Cincinnati and Columbus, OH, Ponte Vedra Beach, FL, Nashua, NH, Irvine, CA, Reston, VA, and New York City. As of June 30, 2020, MAI’s assets under management totaled more than $7 billion. The firm also provides comprehensive investment management and planning services to high-net-worth individuals, families and athletes. MAI is led by Managing Partner Rick Buoncore. For more information, please visit www.mai.capital.