Print this article

MAI Capital Management Acquires Another RIA, Surpasses $65 Billion AuM

Editorial Staff

4 November 2025

MAI Capital Management, an RIA, has acquired another registered investment advisor, Los Angeles-based Evoke Advisors. The terms of the deal were not disclosed.

In completing this deal, MAI will expand to more than $65 billion in assets under management across 34 offices nationwide; the Evoke Advisors transaction is MAI’s 17th completed acquisition since January 2024. This is a “landmark year” for the firm, during which MAI Capital added more than $30 billion in AuM and expanded its services for ultra-high net worth individuals.

“Our expanded Office of Managing Partners 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,” Rick Buoncore, MAI Capital’s chairman and CEO, said.

As part of this acquisition, MAI said it is introducing new managing partner appointments.

Buoncore will continue to lead MAI in his existing roles. Evoke’s David Hou, Jane Eagle and Jay Sanders will enter the OMP at MAI.

The OMP overseeing MAI’s business segments now includes: 

-- David Hou, MP, Evoke ultra-high net worth; 
-- Jane Eagle, MP, Evoke Operations; 
-- Jay Sanders, MP, family office and tax services; 
-- Albie MacDonald, MP, wealth management; 
-- Joe McLean, MP, sports and entertainment; 
-- John Zaller, MP, sports and entertainment;  
-- Jim Kacic, MP, chief operating officer; and 
-- Kurt Nye, MP, chief investment officer.

“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,” Hou said.

AO Shearman served as legal counsel to MAI. Ardea Partners served as the exclusive financial advisor and Ropes & Gray as legal counsel for Evoke.