MAI Capital Management Acquires Summit Financial Advisors
September 12, 2025
MAI Capital Management has acquired San Mateo-based Summit Financial Advisors, integrating Summit’s advisory team and approximately $570 million in client assets into MAI’s wealth management platform. The deal expands MAI’s presence and capabilities in California—adding Summit’s expertise serving Silicon Valley executives—while Summit’s lead advisor Rafael Velez joins MAI as Regional President and Senior Managing Director.
- Buyers
- MAI Capital Management
- Targets
- Summit Financial Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Transaction Type
- Buyout
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