MAI Capital Buys Summit Financial Advisors For Expanding Wealth Management Services
By Amit Chowdhry ● Sep 19, 2025
MAI Capital Management, a registered investment advisor dedicated to helping clients simplify, protect, and grow their wealth, has announced the acquisition of Summit Financial Advisors, a boutique advisory firm based in San Mateo, California. While the financial terms of the deal were not disclosed, the acquisition represents a significant step in MAI’s strategy to expand its presence and capabilities in key markets.