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Fresh Off $30B Blockbuster, MAI Acquires California-Based RIA
Yahoo Finance·2025-09-15 21:08

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. MAI Capital Management, the Cleveland-based registered investment advisor, has acquired a San Mateo, Calif.-based RIA just a few weeks after signing on for a mega-merger with 27billionEvokeAdvisors.MAIisbringingonSummitFinancialAdvisors,startedbyRafaelVelezin1998.Thefirmhasabout27 billion Evoke Advisors. MAI is bringing on Summit Financial Advisors, started by Rafael Velez in 1998. The firm has about 570 million in assets under management. MAI made the move after announcing in late August its ac ...