Together, the firm said it will manage about $60 billion across more than 30 offices nationwide. As of June 30, MAI managed nearly $35 billion in total assets while Evoke Advisors managed about $27 billion. The terms of the deal, which is expected to close by the fourth quarter of 2025, were not disclosed.

Evoke was founded by entrepreneurs and investors with a client-first mindset and a fiduciary commitment to delivering solutions, the firm said in a statement. The team has collaborated in various capacities for more than two decades, providing a suite of services that includes investment advice, family office services, financial planning, trust and estate planning, tax strategy, accounting and institutional consulting.

“As our industry continues to evolve, growth is about far more than scale – it is about enhancing capabilities and providing the highest level of service possible for our clients,” said Rick Buoncore , chairman and CEO of MAI. “When discussions with Evoke began, we quickly realized that the entire group shared our client-centric culture and provided specialized offerings that complement our own."

As a result of the transaction, Evoke’s team will add capabilities to MAI, bolstering its ability to deliver wealth management and institutional consulting services.

“We founded Evoke with a clear vision to create a client-focused organization,” said David Hou, co-founder and managing partner at Evoke. “After an in-depth search process, we decided that joining forces with MAI gives our team the scale and resources to deepen our offerings while preserving the vision that brought us to this point. This partnership provides both firms with the opportunity to enhance our abilities to best serve clients and enable the long-term success of the firms we built.”

The combination strengthens expertise and resources, while expanding access to multigenerational family office experience and differentiated investment opportunities, including alternatives. The firm said it will gain operational efficiencies by centralizing its infrastructure, integrating shared resources across technology, compliance, marketing, investment operations and other key areas.

“MAI was founded more than 50 years ago with a simple belief – that athletes and entertainers deserve high class financial guidance,” added Joe McLean, managing partner, family office and sports and entertainment at MAI.

AO Shearman is serving as legal counsel to MAI. Ardea Partners is serving as exclusive financial advisor and Ropes & Gray is serving as legal counsel to Evoke.