Mai Capital Management, LLC is a large advisory firm based in Cleveland. It manages $4.46 billion of regulatory assets for 3,612 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, Arkansas, California, and 33 other states.
Mai Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and due diligence/research. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mai Capital Management, LLC is $4.46 billion. The firm's AUM has grown by 26% since the beginning of its operation, and $18.64 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mai Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mai Capital Management is high net worth individuals with 816 clients and $3.49 billion of assets under management. Among the 8 most similar advisory firms, Mai Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $4.46 billion for 1,243 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Mai Capital Management also advises several private funds. Namely, five real estate funds, one other private fund, and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.
The company employs 77 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
John Daniel Zaller has served as the Chief Investment Officer since 1 Jan 2016. Llc Project 216 Acquisition joined the executive team most recently as the Member.
The principal office where Mai Capital Management, LLC performs its advisory services is located at 1360 East 9 Th Street, Cleveland, OH 44114 1782, which is also the mailing address of the firm. An additional office of the firm is in Ponte Vedra Beach, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (216) 920-4800 or by fax (216) 588-1007. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at maiwealth.com.