On August 27, 2025, MAI Capital Management announced its acquisition of Evoke Wealth.
MAI Capital Management (“MAI”) announced, on August 27, 2025, its acquisition of Evoke Wealth (“Evoke”). The transaction is expected to close by the fourth quarter of 2025. 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.
Evoke, based in Los Angeles, California, is a registered investment advisor offering tax planning and preparation, estate planning, personal accounting, investment consulting, insurance and risk management, and next generation planning services. As of June 2025, Evoke had approximately $27 billion in assets. Ardea Partners LP is serving as financial advisor to Evoke on the transaction.
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