Fresh Off $30B Blockbuster, MAI Acquires California-Based RIA
Yahoo Financeยท2025-09-15 13:08
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 $27 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 ...