The combination will create a national firm with approximately $60 billion in assets under management and advisement, bringing together two complementary, industry-leading businesses

MAI Capital Management (“MAI”), a registered investment advisor (RIA) focused on empowering clients to simplify, protect and grow their wealth, today announced it has strategically partnered with Evoke Advisors (“Evoke”), a Los Angeles based RIA.

This unification of two highly successful independent RIAs will expand the combined firm’s national presence and strengthen its position with ultra-high-net-worth (UHNW) individuals, families and institutions. Together, the firm will manage approximately $60 billion across more than 30 offices nationwide. This partnership also underscores the firm’s shared commitment to becoming the preeminent destination for clients and the fiduciary-minded advisors who serve them.

Evoke was founded by a collective of seasoned entrepreneurs and investors with a client-first mindset and a fiduciary commitment to delivering comprehensive, sophisticated solutions. The team has collaborated in various capacities for more than two decades, providing a bespoke suite of services that includes investment advice, family office services, financial planning, trust and estate planning, tax strategy, accounting and institutional consulting.

“As our industry continues to evolve, growth is about far more than scale—it is about enhancing capabilities and providing the highest level of service possible for our clients,” said Rick Buoncore, Chairman & CEO, MAI. “When discussions with Evoke began, we quickly realized that the entire group shared our client-centric culture and provided specialized offerings that complement our own. This strategic partnership cements MAI as a destination firm by leveraging Evoke’s distinguished team, along with our own people and differentiators, resulting in a distinct client experience."

As a result of the transaction, Evoke’s team will add significant capabilities to MAI, bolstering its ability to deliver highly customized wealth management and institutional consulting services. Clients of both firms can benefit from a broader, more integrated platform of services, including financial planning, investment management, retirement planning, family office capabilities and institutional consulting.

“We founded Evoke with a clear vision to create a client-focused organization,” said David Hou, Co-Founder and Managing Partner at Evoke. “After an in-depth search process, we decided that joining forces with MAI gives our team the scale and resources to deepen our offerings while preserving the vision that brought us to this point. This partnership provides both firms with the opportunity to enhance our abilities to best serve clients and enable the long-term success of the firms we built.”

The combination strengthens collective expertise and resources, while expanding access to multigenerational family office experience and differentiated investment opportunities, including alternatives. The firm will gain operational efficiencies by centralizing its infrastructure, integrating shared resources across technology, compliance, marketing, investment operations and other key areas.

“MAI was founded more than 50 years ago with a simple belief—that athletes and entertainers deserve high class financial guidance,” added Joe McLean, Managing Partner, Family Office and Sports & Entertainment at MAI. “Today, in combination with Evoke, we’re building one of the nation’s premier family office platforms, serving both the sports & entertainment world and the broader UHNW community with the same dedication and precision.”

The terms of the deal, which is expected to close by the fourth quarter of 2025, are not disclosed. AO Shearman is serving as legal counsel to MAI. Ardea Partners LP is serving as exclusive financial advisor and Ropes & Gray is serving as legal counsel to Evoke.

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 has 33 offices across the United States, a team of over 500 people, and, as of June 30, 2025, nearly $35 billion in total assets including $31.15 billion in assets under management and $3.84 billion in assets under advisement*. For more information, visit www.mai.capital or MAI’s company page on LinkedIn.

*Including retirement plans and other accounts advised but not actively managed by MAI.

About Evoke Advisors

Evoke Advisors, an SEC-registered investment adviser founded in May 2019, manages approximately $27 billion, $12B on a discretionary basis and $15B, non-discretionary¹. Among its service offerings, Evoke draws on the expertise of its experienced entrepreneurs and investors to deliver holistic financial planning and provide both discretionary and non-discretionary investment advisory services to a broad range of clients. For more information, visit www.evokeadvisors.com.

1. As of 6/30/2025

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