MAI Capital Management Announces Strategic Partnership with Evoke

MAI Capital Management, a registered investment advisor (RIA) has partnered with Evoke Advisors, a Los Angeles based RIA.

Together, the firm will manage approximately $60 billion across more than 30 offices nationwide.

Evoke provides services including 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.”

Clients of both firms will benefit for additional 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 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.