A&O Shearman is representing MAI Capital Management, a registered investment advisor, in its combination with Evoke Advisors.
The combination of Cleveland-based MAI Capital and Los Angeles-based Evoke Advisors will expand the combined firm's national presence and strengthen its position with ultra-high-net-worth individuals, families, and institutions. Together, the firm will manage approximately USD60 billion. Founded in 1973, MAI Capital has 33 offices across the United States, a team of over 500 people, and as of June 30, 2025, nearly USD35bn in total assets.
The transaction was announced on August 27, 2025 in a press release. Terms of the transaction were not disclosed.
We are delighted to have partnered with MAI Capital Management on its transformative combination with Evoke Advisors. MAI's unwavering, client-centric culture mirrors our own commitment to placing clients' objectives at the heart of every matter, making this collaboration both seamless and deeply rewarding - Sean Skiffington, Partner.
The A&O Shearman team that is representing MAI Capital is being led by M&A partner Sean Skiffington and M&A associates Luca Marescotti and Azka Anees (all of Toronto).
The team also included tax partner Larry Crouch and associate Austin Jones; compensation, employment, pensions and governance partner Jai Garg and associates Alexandra Kasper; IP transactions partner JB Betker and associate Eva Wang; privacy and data security partner Helen Christakos and associate Bertrand Nzabandora; financial services regulatory partner Susan Gault-Brown, counsel Tom Majewski, and associate Austin Law; and antitrust of counsel Elaine Johnston, partner Jon Cheng, and associates Regina Loureiro and Kiko Demetriou. Valuable support was also provided by Iqra Anees and Sydney Phipps.