What does Evercore Wealth Management do?
Evercore Wealth Management is a high-end advisory firm that provides personalized financial guidance and investment management for wealthy individuals, families, and institutions.
Founded in 2008 and part of the global investment banking firm Evercore Inc., it operates on a traditional, advisor-led model.
Through its affiliate, Evercore Trust Company, N.A., the firm also provides trust and corporate fiduciary services.
This means you work directly with a team of experts to create a financial strategy tailored to your specific needs.
As of December 31, 2024, Evercore Wealth Management reported approximately $13.898 billion in total assets under management (AUM), including $13.827 billion in discretionary AUM and $71.514 million in non-discretionary AUM.
With nearly $14 billion in AUM, the firm has deep experience in handling complex financial situations.
What key services does Evercore offer?
Evercore’s services are designed to provide a complete, all-in-one solution for managing significant wealth.
Financial planning services
This is the foundation of their service. An advisory team will work with you to create a comprehensive financial plan that can cover virtually every aspect of your life, including:
- Retirement planning
- Personal tax and cash flow planning
- Estate planning
- Insurance planning
- Marriage and divorce planning
- College planning
- Compensation and benefits planning
- Preparation of financial analyses and personal financial statements reflecting net worth, cash flow, and income tax projections.
Investment advisory services
Evercore builds and manages an investment portfolio designed to help you reach your goals. They use a wide range of investments, including:
- Equities and fixed income securities
- Mutual funds managed by Evercore Wealth and third-party managers
- Exchange-traded funds (ETFs)
- Alternative investments
- Cash-equivalent instruments
- Strategies and portfolios managed by third-party investment managers
For certain accounts, the firm may recommend pooled investment vehicles such as:
- Hedge funds
- Private equity funds
- Limited partnerships
- Third-party separate account managers
You can choose to give them full authority to make investment decisions on your behalf (discretionary management) or require your approval for every trade (non-discretionary).
What is Evercore’s investment philosophy?
Evercore’s investment philosophy is built around the client. Every portfolio is customized to fit a client’s unique goals, timeline, and comfort with risk.
The firm believes in active management, meaning its team conducts deep research to identify opportunities and makes adjustments as market conditions change.
Its stock strategies focus on long-term growth, while bond portfolios are designed to provide stable income and preserve your capital.
While the firm aims for diversification, it is not afraid to hold concentrated positions in ideas they strongly believe in.
What are the pros and cons of Evercore Wealth Management?
Evercore offers a deep, institutional-quality service, but its high-touch model is not for everyone.
Here’s a breakdown of the key pros and cons to help you decide.
Pros of Evercore Wealth Management:
- Highly customized portfolio construction: Portfolios are built around each client’s objectives, constraints, and broader financial circumstances rather than standardized allocation models.
- Broad investment flexibility: The firm can invest in everything from traditional stocks and bonds to sophisticated alternative investments.
- Integrated planning and governance support: In addition to investment management, the firm provides financial planning services, including retirement, tax, estate, and cash flow planning, and supports multigenerational families, entrepreneurs, executives, and foundations with governance and succession-related guidance.
- Research-driven approach: The firm conducts fundamental analysis of securities, investment vehicles, and third-party managers and monitors, and hires or terminates external managers as appropriate.
- Experienced, multidisciplinary team: The firm emphasizes direct client engagement with seasoned professionals and a relationship-driven model that supports continuity and long-term advisory relationships.
Cons of Evercore Wealth Management:
- Primarily geared toward high-net-worth clients: The firm’s services are structured around high-net-worth families, foundations, and institutional clients, which may limit accessibility for smaller investors.
- Asset-based fee structure: Fees are generally charged as a percentage of assets under management, which may result in higher total costs for larger portfolios compared with flat-fee or automated platforms.
- Potential use of alternative investments and concentrated positions: Portfolios may include alternative strategies or concentrated holdings, which can introduce additional risk or complexity.
- Layered fee structure: Beyond asset-based advisory fees, accounts may be subject to minimum annual fees as well as additional brokerage, custody, and third-party investment expenses.
Evercore Wealth Management fees: How much does Evercore Wealth Management cost?
Evercore primarily charges an annual fee based on the amount of assets they manage for you. While fees are negotiable, their standard fee schedule is straightforward:
For accounts up to $10 million, the annual fee is 1.00%.
For accounts larger than $10 million, the firm uses a tiered "split schedule" that charges different rates for different parts of your portfolio:
Standard investment management fee schedule:
For separately managed accounts, Evercore Wealth Management’s standard annual fees are structured as follows.
| Asset v | Annual fee |
|---|---|
| Relationships up to $10,000,000 | 1.00% |
| Relationships over $10,000,000 (or at least $5 million in fixed income assets) | Split schedule applies |
Split schedule details:
| Asset type | Annual fee |
|---|---|
| Fixed income assets | 0.35% on first $10M, 0.25% on balance |
| Growth assets | 1.00% on first $10M, 0.75% on next $10M, 0.60% on balance |
Additional costs and layered expenses
It is crucial to know that the advisory fee is not the only cost. You will also be responsible for other expenses, including:
- Brokerage and custody fees
- Fees charged by any third-party managers
- The internal expenses of any mutual funds or ETFs in your portfolio
What is Evercore Wealth Management’s minimum account size?
Evercore Wealth Management does not publicly disclose a fixed minimum investment requirement. The firm states that fees are negotiated on a case-by-case basis and that it may impose a minimum annual fee for services provided on an account.
However, their fee structure, built around a $10 million threshold, clearly indicates that their services are designed for clients with substantial wealth. The firm may also charge a minimum annual fee regardless of your account size, further positioning it for a high-net-worth clientele.
Who should choose Evercore Wealth Management?
Evercore is best for affluent individuals, families, and institutions who need a sophisticated, hands-on team to manage their complex financial lives.
It could be a good fit if you:
- Are a high-net-worth individual or family: The firm excels at providing the integrated, comprehensive advice that significant wealth requires.
- Have multi-generational wealth to manage: Their expertise in governance, succession, and estate planning is ideal for families planning for the future.
- Are an entrepreneur or executive with complex compensation: The firm can help you navigate stock options, deferred compensation, and other executive benefits.
- Prefer to delegate: If you want to hand over the day-to-day management of your finances to a team of experts, their discretionary service is a perfect match.
It might not be the best choice if you:
- Are just starting to invest: The firm is not designed for smaller or entry-level investors.
- Want a low-cost, automated solution: Evercore is a traditional, high-touch advisory firm, not a robo-advisor.
- Are a hands-on, DIY investor: The model is built for delegation, not for those who want to manage their own portfolios actively.
Evercore Wealth Management: Is it secure?
Evercore Wealth Management operates as a registered investment adviser with the U.S. Securities and Exchange Commission (SEC).
Client relationships are governed by written Investment Management Agreements that define investment authority, objectives, and restrictions.
Client assets are held with qualified custodians rather than by the firm directly, and clients receive account statements from those custodians in addition to reports provided by Evercore Wealth.
The firm discloses cybersecurity and operational risks, including unauthorized access, system disruptions, and other technology-related events. It also states that it maintains policies and procedures to address operational disruptions arising from large-scale events.
Evercore Wealth Management: Customer service
Customer service at Evercore is personal and direct. You won't be dealing with a call center or a chatbot. Instead, you work directly with a dedicated wealth and portfolio management team. The entire service model is built on providing deep, long-term relationships and ongoing, personalized engagement.
In addition to its advisor-led model, the firm maintains multiple office locations and provides standard contact channels, including telephone and email, for client communication.
Evercore Wealth Management: Mobile app
Evercore Wealth Management offers a mobile application for its clients.
The app serves as an extension of the firm’s online client portal, allowing users to:
- View account balances
- Access account statements
- Review firm perspectives and updates
Is Evercore Wealth Management worth it?
For the right client, Evercore Wealth Management can be a good choice.
If you have a complex financial life and are looking for a dedicated, expert team to act as your personal CFO, the firm’s deep expertise and all-in-one service are hard to beat. The integration of sophisticated investment management with comprehensive financial planning is a powerful combination.
However, this is a premium service designed for a very specific clientele. The high-touch model and layered fee structure mean it is not for everyone. If you have substantial wealth and prioritize expert, customized guidance over low costs and digital simplicity, Evercore is definitely worth considering.
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