Evoke Advisors: An overview
Evoke Advisors is a Los Angeles-based firm that offers personalized financial strategies for ultra-high-net-worth individuals and institutions.
Its advisors integrate modern technology with human insight to provide comprehensive financial solutions.
The firm was founded in 2019 as a breakaway from First Republic. It has since acquired other financial services companies as well.
What services does Evoke Advisors offer?
Evoke Advisors designed its financial services to help you manage and grow its clients’ wealth.
Its services include basic financial planning and more advanced investment strategies. Further, if you need assistance with retirement planning, it can help you create a plan to ensure a comfortable retirement.
It also offers estate planning services to help you manage your assets and ensure they are passed on according to your strategy.
Investment management is another core service where Evoke Advisors can help you create a portfolio that corresponds with your financial and risk tolerance goals.
Additionally, it offers tax planning services to optimize your tax situation while reducing tax liabilities. Evoke Advisors can also assist in education planning for those with families, helping you save for your children's future educational needs.
In all, the company offers a range of financial services to individuals, families, and even founders, entrepreneurs, and institutional investors:
- Investment management
- Wealth management
- Alternative investments
- Asset management
- Portfolio management
- Pre- and post-sale planning
- Insurance planning
- Education funding
The firm prides itself on finding and using innovative solutions as part of its holistic approach, which considers short-term needs and long-term goals.
What are the pros and cons of Evoke?
When considering an independent financial advisory firm like Evoke, it's important to consider the advantages and disadvantages. Like any other firm, Evoke has its pros and cons.
Pros of Evoke Advisors
Advantages of using Evoke Advisors may include:
- Utilization of innovative methods to design financial strategies tailored to your specific investment requirements and objectives.
- An approach that covers all aspects of your wealth management, including investment management and estate planning.
- The firm uses advanced tools to enhance its financial planning services.
Cons of Evoke Advisors
Conversely, here are some potential drawbacks:
- The company’s personalized approach may incur higher costs when compared with more generic services.
- The wide range of service offerings might cause feelings of being overwhelmed for those new to Evoke Advisor’s financial planning.
- As with many advisory firms, Evoke Advisors may make recommendations that favor the products it sells.
What fees does Evoke Advisors charge?
Evoke Advisors operates on a transparent fee-based structure, meaning it charges for its services, rather than relying solely on commissions from its products.
This fee structure often includes a percentage of assets under management (AUM), which typically ranges between 0.36% and 1%. Clients pay these fees quarterly and in arrears.
Other fees include hourly and transaction costs, but the first investment consultation with an Evoke advisor is complimentary.
What technology does Evoke Advisors use?
Evoke Wealth utilizes in-house technology infrastructure overseen by the firm's Chief Technology Officer, José Garcia, who has extensive experience with investment technologies.
In 2024, the firm also announced a partnership with InvestCloud to help redesign its digital platform.
Is Evoke Advisors secure?
Evoke uses top-notch cybersecurity measures to protect its clients' personal information and transaction history.
At its inception in 2019, the firm registered with the U.S. Securities and Exchange Commission (SEC) as an advisor, meaning it is regulated by federal law.
The firm's privacy policy includes a section on ARIS (Advanced Research Investment Solutions, LLC) regarding the information it collects and shares regarding client investment transactions.
ARIS protects personal information through its database infrastructure and behind firewalls.
It also adheres to various California laws that allow consumers to request evidence of how their information is shared and disposed of.
Does Evoke Advisors have good customer service?
Evoke Advisors’ clients tend to praise the personalized service they receive from the firm's advisors, as the firm tends to handle its investors and investments professionally and ethically.
Get expert financial advice
Working with Evoke Advisors has pros and cons, so it's essential to understand and compare its services, fees, technology, and customer support before deciding to go with them.
The firm offers a wide range of services for ultra-high-net-worth individuals and institutions and has several skilled Evoke Advisors on its team to ensure personalized service.
For expert financial advice and to explore your options further, let Unbiased connect you with a financial advisor to guide you toward achieving your financial goals.