A registered investment advisor (RIA), MAI has completed its acquisition of Evoke Advisors, a move that expands MAI’s assets under management (AUM) to over $65bn and introduces new managing partner appointments, further advancing the firm’s national presence and capabilities.
The Evoke Advisors acquisition marks a milestone in MAI’s growth strategy, enhancing its services for ultra-high-net-worth (UHNW) clients and institutions.
With the addition of Evoke Advisors, MAI now operates across 34 offices in the US.
MAI has added over $30bn in AUM during the year.
The integration of talent from both MAI and Evoke has resulted in an expanded Office of Managing Partners (OMP.
MAI chairman and CEO Rick Buoncore commented, “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.”
Buoncore will continue to lead as chairman and CEO, with David Hou, Jane Eagle, and Jay Sanders from Evoke joining the OMP at MAI.
The OMP now includes David Hou as managing partner for Evoke Ultra-High Net Worth, Jane Eagle as managing partner for Evoke Operations, Jay Sanders as managing partner for Family Office & Tax Services, Albie MacDonald as managing partner for Wealth Management, Joe McLean and John Zaller as managing partners for Sports & Entertainment, Jim Kacic as managing partner and chief operating officer, and Kurt Nye as managing partner and chief investment officer.
Evoke Ultra-High Net Worth managing partner David Hou said: “Joining MAI enables us to expand our capabilities and offer clients greater access to a national platform, deep planning and investment resources, and specialised 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.”
The Evoke transaction marks MAI’s seventeenth completed acquisition since January 2024.
MAI now employs over 600 people across the country. The firm remains focused on brand unification, pursuing organic growth opportunities, and equipping advisors with the necessary tools and marketing resources to maximise the benefits of the expanded platform.
MAI stated that its continued alignment with other registered investment advisers enhances experiences for both clients and advisors, while strengthening its integrated suite of offerings. These include financial planning, investment management, retirement planning, family office services, trust services, and institutional consulting.
Evoke joined MAI effective 31 October 2025. The terms of the deal were not disclosed.
AO Shearman acted as legal counsel to MAI, while Ardea Partners LP served as exclusive financial advisor and Ropes & Gray as legal counsel for Evoke.
Founded in 1973, MAI is a registered investment adviser and wealth management firm. As of 30 September 2025, MAI reported over $39.4bn in total assets, including $34bn in assets under management and $5.4bn in assets under advisement, with a team of over 500 people in 33 offices across the US.
Evoke Advisors, founded in May 2019 and registered with the SEC, manages approximately $28.4bn—$13.3bn on a discretionary basis and $15.1bn non-discretionary.
The firm offers financial planning and both discretionary and non-discretionary investment advisory services to a broad client base.
