On September 15, 2025, MAI Capital Management announced its acquisition of Summit Financial Advisors.
MAI Capital Management (“MAI”) announced, on September 15, 2025, its acquisition of Summit Financial Advisors (“Summit”). Under the terms of the transaction, the full Summit team will remain in place. Further terms of the transaction were not disclosed.
MAI, based in Cleveland, Ohio, is a registered investment advisor offering wealth management and family office services. As of June 2025, MAI had approximately $31.15 billion in assets under management.
Summit, based in San Mateo, California, is a wealth management firm specializing in equity-based compensation, concentrated stock portfolios, and complex tax strategies. Summit has approximately $570 million in assets under management.
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