MAI Capital Management Selects iCapital® to Scale its Custom Alternatives Platform

Strategic technology partnership to enhance MAI’s alternatives platform and optimize efficiency for advisors and investors.

MAI Capital Management LLC (“MAI”), a registered investment advisory firm focused on empowering clients to simplify, protect, and grow their wealth, today announced a partnership with iCapital¹, the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries. Through the integration of iCapital’s technology into MAI’s custom platform, MAI’s in-house investment team can easily view, manage, and administer clients’ existing and future alternative investments.

“We took great care in selecting a technology partner to support and scale our alternatives business and felt a natural fit with the team at iCapital,” said MAI’s Chief Investment Officer and Managing Partner, Kurt Nye, CFA^®. “Our focus is to build and manage bespoke portfolios built to preserve and create wealth across generations. With the support of iCapital, our team can now spend more time focusing on our diversified portfolios, balancing risk and deepening client relationships, instead of being bogged down by the operational intensity of alternative investments.”

iCapital’s end-to-end technology provides MAI’s advisors with a solution to simplify the process of reconciling alternative investment and fund data, streamline document management and fund finance activities, and enable more efficient workflows. MAI’s investment team will also have the capability to create custom portfolios and complete related due diligence for clients. iCapital will manage the associated oversight functions and support ongoing operations and efficiencies for MAI’s advisors and clients, and iCapital has also agreed to manage a set of existing funds currently managed by MAI as part of the partnership.

“We are honored that the MAI Capital Management team entrusted iCapital to help streamline its workflows and administrative needs within alternatives,” said Steve Houston, Managing Director and Co-Head of iCapital Solutions. “As private market allocations become an increasingly important component of diversified investment portfolios, we share a common goal with MAI to help advisors scale without losing sight of what matters —helping their clients achieve better financial outcomes.”

With more than 50 years of advising high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, including iconic athletes and entertainers, MAI specializes in comprehensive financial planning and investment management for individuals and families. It delivers financial and estate planning, investment management, tax planning, insurance, accounting, and philanthropic strategies. MAI’s private markets platform comprises alternative funds across various strategies including real assets, private equity, private credit, venture capital and hedge funds.

The partnership underscores the increasing role of technology in administering complex alternative investment products. It also provides MAI’s registered independent advisors with a complete suite of technology and educational content to help them navigate and deliver private market investments to clients.

Learn more about MAI and iCapital’s new partnership by watching this iCapital CONNECT video featuring Kurt Nye and Michael Sidgmore, co-founder and partner Broadhaven Ventures.

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 31 additional offices across the United States, a team of over 500 people, and, as of March 31, 2025, $33.2 billion in total assets including $3.9 billion in assets under advisement.* For more information, visit www.mai.capital or MAI’s company page on LinkedIn.

*Including accounts advised but not actively managed by MAI and accounts managed by third-party advisors using an MAI model.

About iCapital

iCapital powers the world’s alternative investment marketplace, offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities, and an innovative operating system. iCapital is the trusted technology partner to financial advisors, wealth managers, asset managers, as well as other participants in this ecosystem, and offers unrivaled access, technology, and education to incorporate alternative assets, structured investments (SI), and annuities into the core portfolio strategies for their clients.

At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $880 billion of global volume activity on platform, inclusive of $220 billion² in global alternative assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools.

iCapital employs more than 1,750 people globally and has 16 offices worldwide, including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance, including CNBC World Top Fintech Companies for 2024, and Forbes Fintech 50 for seven consecutive years since 2018.

For more information, visit https://icapital.com | Twitter (X): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

This material has been provided to you for informational purposes only by iCapital, Inc. and/or one of its affiliates including Institutional Capital Network, Inc. (collectively, “iCapital”). This material is the property of iCapital and may not be shared without its written permission. No part of this material may be reproduced in any form or referred to in any other publication without express written permission of iCapital. This is not intended as and may not be relied on in any manner as, legal, tax or investment advice, a recommendation to employ a specific investment strategy, or as an offer to sell, a solicitation of an offer to purchase, or a recommendation of any interest in any fund or security. Security products and services are offered through iCapital Markets LLC, a registered broker/dealer, member FINRA and SIPC. Financial products made available by iCapital Markets LLC may be complex and/or speculative and are not suitable for all investors. iCapital Advisors, LLC is an investment adviser registered with the Securities and Exchange Commission and acts as an adviser to certain privately offered investment funds. “iCapital” and “iCapital Network” are registered trademarks of Institutional Capital Network, Inc. © 2025 Institutional Capital Network, Inc. All Rights Reserved.

¹ iCapital, Inc. and its affiliates (together, “iCapital”)

² As of March 11, 2025

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