The MAI WEALTH ADVISORS LLC is a privately held investment adviser that advises $69.13Bn in regulatory assets under management held in 4 SEC fund types across 7 investment strategies. MAI WEALTH ADVISORS LLC is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 307.8% over the last 5-years.
The Group has been registered with the SEC for 25.84 years and is comprised of 2 filing and 0 relying advisers. They operate out of 44 office locations with their Headquarters at 6050 OAK TREE BLVD SUITE 500, CLEVELAND, OHIO. The Group has not been subject to regulatory enforcement actions. They are regulated by 2 US and Non-US bodies.
They have 658 employees comprised of 255 investment and 403 non-investment staff. The total number of Employees increased by 181.2% over the last 5-years.
Their $69.13Bn in assets advised are owned by 56 private funds, 1 public fund and BDCs and 539 other accounts. Assets of High Net Worth Individuals clients own $39.69Bn or 57.41% of Total Assets and Pension and Profit Sharing Plans-Private own $14.44Bn or 20.88% of Total Assets.
The Group's top investment strategies include Fund of Funds, Traditional LBO and Multi Strat, representing 73.38%, 13.74% and 6.29% of total assets, respectively.
They advise 9 types of clients, top clients are High Net Worth Individuals and Pension and Profit Sharing Plans-Private.
The Group uses 6 Fund Administrators, 4 Fund Auditors, 0 Prime Brokers, 4 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses advisory fees, fixed fees, management fees and performance-based fees.
MAI WEALTH ADVISORS LLC names 1 sub-adviser CERITY PARTNERS LLC to 1 different fund advised by the group. The Group has been named as the sub-adviser to 0 funds.