MAI Capital Management to acquire Summit Financial Advisors.

MAI Capital Management, a a registered investment advisor, agreed to acquire Summit Financial Advisors, an investment advisory firm. Financial terms were not disclosed. “Raf and his team share our vision for client-first financial management, and their demonstrated expertise and specialized service offerings will strengthen MAI’s presence in California and beyond. Summit’s lead advisor and core team have been together for more than two decades. This continuity, and hands-on approach to client service, help make them a natural fit for MAI. We look forward to working together to enhance the value we deliver to the individuals and families we serve,” Rick Buoncore, MAI Chairman and CEO.