MAI Capital Management, LLC

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)
• Performance-based fees
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated July 1, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$52,101,252,111 as of October 2026, filing dated October 1, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Portfolio management for investment companies (and business development companies)
• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients
• Pension consulting services
• Selection of other advisers (including private fund managers)
• Other

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2000 (25 years)

Employees

Total: 562. Performing investment advisory functions: 230.

Wrap fee program participation

Yes.

Custodians (Schedule D, Section 5.K(3))

Charles Schwab & Co., Inc.Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

39 other offices, as of the October 2026 filing

Ann Arbor, MIAshburn, VAAtlanta, GABannockburn, ILBerwyn, PABethesda, MDBoulder, COBurlington, MACharlotte, NCChico, CACincinnati, OHClearwater, FLColumbia, MDColumbus, OHDallas, TXEllicott City, MDFayetteville, ARFort Myers, FLGaithersburg, MDHurricane, WVLafayette, CALeesburg, VALittle Rock, ARLos Angeles, CAMadison, CTMarriottsville, MDNaples, FLNew Castle, PANew York, NYNewport Beach, CANorth Canton, OHOld Saybrook, CTPonte Vedra Beach, FLReston, VASan Mateo, CASan Ramon, CASanta Rosa, CASt Louis, MOWayne, PA

States registered or notice-filed

52 states or jurisdictions

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $9,248,835,575 in the October 2021 data and $52,101,252,111 in the October 2026 data, up 463%.

Total employees: 200 in October 2021 and 562 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. October 2026
   • No longer lists the business name Evoke: a Division of MAI.
   • Added an office in Atlanta, GA.
   • Added an office in Chico, CA.
   • Added an office in Los Angeles, CA.
   • Added an office in Newport Beach, CA.
   • Updated its list of owners and control persons (Schedule A).
2. August 2026
   • Added an office in Hurricane, WV.
   • Added an office in Old Saybrook, CT.
   • Updated its list of owners and control persons (Schedule A).
3. April 2026
   • Added the business name Evoke: a Division of MAI.
   • Employees performing advisory functions went from 204 to 230.
   • Regulatory assets under management went from $29,630,499,856 to $52,101,252,111 (+76%).
   • Changed its office addresses in San Ramon, CA.
   • Added an office in Ann Arbor, MI.
   • Added an office in Clearwater, FL.
   • Added an office in Columbia, MD.
   • Added an office in Columbus, OH.
   • Added an office in Dallas, TX.
   • Added an office in Ellicott City, MD.
   • Added an office in Fort Myers, FL.
   • Added an office in Lafayette, CA.
   • Added an office in Little Rock, AR.
   • Added an office in San Mateo, CA.
   • Added an office in Wayne, PA.
4. December 2025
   • Updated its list of owners and control persons (Schedule A).
5. November 2025
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.