What does Evergreen Gavekal do?
Evergreen Gavekal is an advisor-led private wealth management service for high-net-worth individuals, families, trusts, and endowments.
It manages client portfolios on a discretionary basis and can provide financial planning for retirement, cash flow, estate and legacy goals, taxes, business transitions, and other major financial decisions.
Financial plans may be provided to investment-management clients on request, while continuous updates depend on the scope of the client’s engagement.
Evergreen Gavekal overview:
Founded | 1983 |
|---|---|
Firm type | Independent, SEC-registered investment advisor |
Assets under management | $ 7,167,361,281.75 AUM |
Advisory professionals | 26 employees |
Service model | Advisor-led wealth management |
Main advisory fee | 0.25% to 1.00% of managed assets annually |
Typical minimum | $1 million |
Advisor access | A dedicated advisory team, an Evergreen wealth consultant, and regular planning and portfolio reviews |
Main trade-off | Customized planning and portfolio management, but pricing is negotiated, and subadvisers or private investments can add further costs |
Key services:
- Financial planning: Planning covering retirement, cash flow, asset allocation, tax considerations, estate and legacy goals, charitable giving, major life changes, and other long-term financial objectives.
- Private wealth management: Customized discretionary portfolio management, personalized asset allocation, financial-plan implementation, and periodic portfolio reviews.
- Executive and business-owner planning: Equity compensation, promotions and salary changes, concentrated business wealth, business succession, and preparation for a sale or other liquidity event.
- Family office services: Integrated planning for ultra-high-net-worth families, including cash-flow analysis, investment oversight, trust coordination, estate-plan reviews, insurance analysis, philanthropy, and tax planning.
- Alternative investments: Private-market investment opportunities for clients who meet applicable accredited-investor or qualified-purchaser requirements.
Evergreen Sterling Kuder separately provides tax planning, return preparation, and related business tax services under a separate engagement.
Available portfolio investments:
- Individual stocks
- Corporate and government bonds
- Mutual funds
- ETFs
For certain clients, the firm may also recommend partnership interests in real estate or oil and gas, as well as private funds.
Investment philosophy:
Evergreen uses an active dynamic asset allocation approach, adjusting portfolios based on client goals, risk tolerance, financial circumstances, and market valuations. Its decisions draw on fundamental, macroeconomic, fund-flow, and third-party research, with an emphasis on long-term investing and selective tactical changes.
What are the pros and cons of Evergreen Gavekal?
Here is a look at the pros and cons of Evergreen Gavekal.
Pros of Evergreen Gavekal:
- Broad wealth-management coverage: Combines discretionary investment management with financial planning that can address retirement, estate, tax, business-owner, executive-compensation, and major life-transition needs.
- Customized portfolios: Strategies reflect each client’s goals, risk tolerance, time horizon, tax circumstances, and investment restrictions.
- Wide investment range: Portfolios may include stocks, bonds, ETFs, mutual funds, and private investments for suitable clients.
- Regular oversight: Accounts are reviewed at least quarterly, with additional reviews triggered by financial, tax, personal, or market changes.
Cons of Evergreen Gavekal:
- High entry point: The typical $1 million minimum excludes many households.
- Additional costs: Funds, subadvisers, private investments, and transactions can increase total expenses.
- Negotiated pricing: The exact advisory rate is not published for each account and may fall outside the standard range.
Evergreen Gavekal fees: How much does Evergreen Gavekal cost?
Evergreen generally charges an asset-based fee and bills quarterly, in advance or arrears. The rate depends on account value, objectives, complexity, and negotiated household arrangements.
Cost | Disclosed amount or treatment |
|---|---|
Evergreen management fee | 0.25% to 1.00% annually |
Subadviser fee, when used | 0.25% to 1.00% annually, in addition to Evergreen’s fee |
Third-party private-fund management fee | 0.50% to 2.50% annually |
Private-fund performance fee | 0% to 30%, where applicable |
Private funds managed by Evergreen | Existing Evergreen clients pay the rate specified in their investment-management agreement; other investors generally pay 1% |
Evergreen ventures real estate fund | 2% management fee |
Underlying funds held by Evergreen-managed funds | 1%–2% management fees |
Other costs | Fund expenses, transaction charges, and special-service costs |
What is Evergreen Gavekal’s minimum account size?
The typical minimum is $1 million.
Evergreen may waive it, while some strategies require more. The service is designed primarily for high-net-worth clients.
Who should choose Evergreen Gavekal?
Evergreen Gavekal works well for:
- Clients with complex wealth needs: Combines discretionary portfolio management with retirement, estate, tax, business-owner, and family wealth planning.
- Investors seeking customization: Portfolios can reflect personal objectives, risk tolerance, tax circumstances, time horizon, and investment restrictions.
- Investors seeking broader portfolio options: Suitable clients may receive allocations to individual securities, funds, and private investments.
Who might not benefit as much:
- Investors below the typical minimum: Lower-minimum advisory platforms or automated investing may be more accessible.
- Clients seeking simple, low-cost management: Negotiated advisory fees and additional fund or subadviser expenses can make total costs less predictable.
- Investors wanting passive-only portfolios: Evergreen uses active asset allocation and may adjust portfolio positioning based on market valuations.
Evergreen Gavekal: Is it secure?
Evergreen is an SEC-registered investment advisor.
The firm does not physically hold most client assets; accounts are maintained with qualified custodians, typically Charles Schwab, a registered broker-dealer and SIPC member.
Clients receive statements directly from the custodian and should compare them with Evergreen’s reports.
Evergreen Gavekal: Customer service
Evergreen Gavekal provides advisor-led support through regular meetings with a dedicated wealth consultant, along with phone, online message, and office contact options.
The firm says online inquiries receive a response within 24 business hours.
Evergreen Gavekal: Mobile App
Evergreen has an official app called Evergreen GaveKal. It offers a consolidated financial dashboard, current investment reports, budgeting tools, a document vault, and advisor interaction.
The app has too few ratings for an overview, so its ratings cannot meaningfully indicate service quality. Browser access is also available through Tamarac and eMoney.
Is Evergreen Gavekal worth it?
Evergreen Gavekal offers a comprehensive private wealth model for clients who want customized portfolio management, ongoing advisor involvement, and planning around complex financial decisions.
Its research process and access to public and private investments broaden its capabilities. The main trade-offs are the $1 million typical minimum, negotiated pricing, variable planning scope, and extra costs when outside managers or private funds are used.
The service is designed primarily for high-net-worth clients seeking customized portfolio management and coordinated financial planning, rather than a simple, low-cost investment program.
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