MAI Capital Management, a registered investment advisor focused on helping clients simplify, protect, and grow their wealth, has completed its strategic acquisition of Los Angeles-based Evoke Advisors, forming a national RIA with 600 employees and over $65 billion in assets under management (AUM). The deal expands MAI’s leadership team through new Managing Partner appointments and strengthens the firm’s nationwide presence.
The partnership combines MAI’s broad platform and diversified capabilities with Evoke’s established expertise in ultra-high-net-worth (UHNW) advisory services and family offices. Following the acquisition, MAI now operates across 34 offices nationwide, reflecting a transformative year in which the firm added more than $30 billion in AUM and broadened its service offering for UHNW families, athletes, executives, and institutions.
As part of the integration, MAI has expanded its Office of Managing Partners (OMP) to bring together leaders from both organizations. The updated leadership structure includes David Hou, Jane Eagle, and Jay Sanders from Evoke Advisors, who will join existing MAI executives to lead the firm’s key business segments. The OMP now includes:
David Hou, Managing Partner, Evoke Ultra-High Net Worth; Jane Eagle, Managing Partner, Evoke Operations; Jay Sanders, Managing Partner, Family Office & Tax Services; Albie MacDonald, Managing Partner, Wealth Management; Joe McLean, Managing Partner, Sports & Entertainment; John Zaller, Managing Partner, Sports & Entertainment; Jim Kacic, Managing Partner, Chief Operating Officer; and Kurt Nye, Managing Partner, Chief Investment Officer.
MAI Chairman and CEO Rick Buoncore will continue leading the firm and emphasized that the expanded leadership team marks a pivotal step toward scaling MAI’s national platform while maintaining its client-first culture. The combined organization intends to leverage shared infrastructure, technology, and marketing resources to accelerate organic growth and deliver a cohesive, elevated client experience.
The Evoke transaction represents MAI’s 17th acquisition since January 2024 and reinforces the firm’s long-term strategy of aligning with like-minded RIAs to strengthen its integrated wealth management platform. The partnership will enhance MAI’s suite of services, which includes financial planning, investment management, retirement and trust services, family office solutions, and institutional consulting.
Evoke formally joined MAI on October 31, 2025. AO Shearman served as legal counsel to MAI, while Ardea Partners LP acted as exclusive financial advisor and Ropes & Gray served as legal counsel to Evoke. Terms of the transaction were not disclosed.
KEY QUOTES:
“Our expanded Office of Managing Partners (OMP) represents a pivotal turning point for MAI as we broaden our national footprint and strengthen our position as a destination for both clients and fiduciary advisors. By bringing together a group that is deeply committed to our clients and our bold vision for the future, we believe that we are even better positioned to offer a distinct and elevated experience for everyone we serve.”
Rick Buoncore, Chairman & CEO, MAI Capital Management
“Joining MAI enables us to expand our capabilities and offer clients greater access to a national platform, deep planning and investment resources, and specialized expertise. We’re excited to continue scaling our services to meet the needs of ultra-high-net-worth families and institutions as we partner with MAI, leveraging the infrastructure and expertise of the combined firm to deliver even greater value to all our clients.”
David Hou, Managing Partner, Evoke Ultra-High Net Worth, MAI Capital Management
