# MAI Capital Management, LLC

> MAI Capital Management, LLC is an SEC-registered investment advisory firm in Cleveland, OH, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 109807
- Filed as: MAI CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cleveland, OH
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109807
- AdvisorCensus page: https://advisorcensus.com/firm/mai-capital-management-llc-cleveland-oh-109807

## Quick answers

**How is MAI Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), MAI Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees; other.

**Where is MAI Capital Management, LLC located?**
MAI Capital Management, LLC's principal office is in Cleveland, OH, according to its Form ADV; the October 2026 filing also lists 39 other offices (Schedule D, Section 1.F).

**Is MAI Capital Management, LLC registered with the SEC or a state?**
MAI Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 109807.

**How much does MAI Capital Management, LLC manage?**
MAI Capital Management, LLC reports $52,101,252,111 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (68% discretionary).

**How have MAI Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for MAI Capital Management, LLC: 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. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MAI Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (10,838); high net worth individuals (4,902); pension and profit sharing plans (but not the plan participants or government pension plans) (205).

**Which custodians does MAI Capital Management, LLC use?**
MAI Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does MAI Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/109807

**What changed in MAI Capital Management, LLC's recent Form ADV filings?**
In the October 2026 filing data: 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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### 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.

### Regulatory assets under management (Item 5.F)
- Total: $52,101,252,111
- Discretionary: $35,662,067,009
- Non-discretionary: $16,439,185,102

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 10,838 | $6,657,076,461 |
| High net worth individuals | 4,902 | $27,606,285,855 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 1 | $217,030,669 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 33 | $2,459,659,277 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 205 | $13,944,280,908 |
| Charitable organizations | 90 | $415,708,860 |
| State or municipal government entities (including government pension plans) | 5 | $17,296,486 |
| Other investment advisers | 2 | $155,682,468 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 184 | $628,110,617 |
| Other | 1 | $120,510 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2000 (25 years)
- Employees: 562 total, 230 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Ann Arbor, MI
- Ashburn, VA
- Atlanta, GA
- Bannockburn, IL
- Berwyn, PA
- Bethesda, MD
- Boulder, CO
- Burlington, MA
- Charlotte, NC
- Chico, CA
- Cincinnati, OH
- Clearwater, FL
- Columbia, MD
- Columbus, OH
- Dallas, TX
- Ellicott City, MD
- Fayetteville, AR
- Fort Myers, FL
- Gaithersburg, MD
- Hurricane, WV
- Lafayette, CA
- Leesburg, VA
- Little Rock, AR
- Los Angeles, CA
- Madison, CT
- Marriottsville, MD
- Naples, FL
- New Castle, PA
- New York, NY
- Newport Beach, CA
- North Canton, OH
- Old Saybrook, CT
- Ponte Vedra Beach, FL
- Reston, VA
- San Mateo, CA
- San Ramon, CA
- Santa Rosa, CA
- St Louis, MO
- Wayne, PA

### Websites listed on Form ADV (Item 1.I)
- mai.capital
- maifunds.com
- maiinvest.com
- maisports.com
- Facebook @maicapitalmanagementllc
- Instagram @maicapital
- LinkedIn @maicapitalmanagement
- YouTube @maicapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $9,248,835,575 | 200 | April 1, 2021 |
| October 2022 | $14,386,109,187 | 246 | August 17, 2022 |
| October 2023 | $15,773,426,777 | 331 | September 17, 2023 |
| October 2024 | $19,711,015,200 | 331 | September 26, 2024 |
| October 2025 | $29,630,499,856 | 482 | July 2, 2025 |
| October 2026 | $52,101,252,111 | 562 | October 1, 2026 |

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.

## Changes in the filing (last 12 months)

### 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).

### 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).

### 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.

### December 2025
- Updated its list of owners and control persons (Schedule A).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MAI Capital Management, LLC (CRD 109807): Form ADV filing data as of October 2026.