CLEVELAND--(BUSINESS WIRE)--MAI Capital Management, LLC (“MAI”) today announced a strategic realignment of the organization’s leadership team as part of the firm’s continued commitment to driving growth and making a significant and positive impact on the lives and well-being of clients.
MAI is a leading registered investment advisory firm focused on empowering clients to simplify, protect, and grow their wealth through objective advice, tailored planning, and integrated services and solutions. As Managing Partner, Rick Buoncore has led MAI through a period of significant growth and positioned the company as an industry leader with $23.6 billion in client assets under management, offices across 16 US states, and a team of more than 450 people. Rick Buoncore will now move to the new role of Executive Chairman where he will continue to lead and oversee the firm’s vision, strategy, and growth.
“The growth trajectory at MAI has been tremendous over the past decade – allowing us to combine strategic acquisitions with organic growth opportunities to create a tailored business model for clients and earn a leadership position in the industry,” said Rick Buoncore, Executive Chairman. “To stay at the forefront, we are committed to building a winning culture that ensures direct and effective communication across the business, opens new career pathways for our employees, and creates a seamless experience for new acquisitions.”
As part of MAI’s strategic realignment, the firm has made the following leadership and organizational changes to ensure a fully integrated model across departments and regions as MAI continues to drive its next phase of growth:
- Joe McLean will serve as Managing Partner and lead MAI’s Global Family Office – leveraging MAI’s complete ecosystem to provide investing, multi-generational planning, risk management, and outsourced CFO services to ultra-high net worth clients, including entrepreneurs and C-suite executives as well as iconic athletes, entertainers, and families.
- John Zaller will serve as Managing Partner and lead Wealth Management – supporting MAI’s growing national footprint of advisory teams who provide personalized, goals-based planning and investment services to high-net-worth individuals and families.
- Kurt Nye will serve as Managing Partner and lead Investments – consolidating MAI’s investment capabilities across equities, fixed income, alternatives, and portfolio management to ensure they continue to be effectively adopted and applied by all advisors across the organization.
- Jim Kacic will serve as Managing Partner and lead Enterprise Shared Services – enabling operational excellence across technology, human resources, finance, M&A integration, and risk management to ensure an outstanding experience for employees and allow MAI’s professionals to focus on their strengths and deliver superior client service.
- Lori Giesler will be supporting MAI as Chief of Staff to the Office of the Managing Partner – working closely with these individuals to develop and implement strategic initiatives, monitor progress against the firm’s objectives, and maintain connectivity between the office and other areas of the organization. Giesler serves in a variety of capacities for MAI’s parent company, Galway Holdings, and will continue to drive connectivity with all facets of those businesses.
The changes are effective immediately and reflect MAI’s ongoing commitment to promoting talent, sharing resources across the organization, and delivering an exceptional client experience.
“We are excited about the opportunities this realignment will provide,” added Rick Buoncore. “This new structure will give our advisors across the United States enhanced resources they need to serve clients, grow relationships, and provide the high-touch service our clients know and expect from MAI.”
About MAI Capital Management
MAI is a registered investment adviser and wealth management firm unified in purpose to empower clients to simplify, protect, and grow the wealth they have worked so hard to build. Founded in 1973, the firm helps clients achieve their vision and goals through objective advice, tailored planning, comprehensive and integrated solutions, and highly personal service. The firm is headquartered in Cleveland OH with offices across 16 US states, a team of 450 people, and, as of June 30, 2024, $23.6 billion in client assets under management. For more information, visit www.mai.capital or MAI’s company page on LinkedIn.
