Evanson Asset Management, LLC (Carmel)

Name: Evanson Asset Management, LLC
Address: 3483 Greenfield Place, Carmel, CA, 93923 9425
Telephone: 831-333-2060

Evanson Asset Management, LLC is a large advisory firm based in Carmel. It manages $4.21 billion of regulatory assets for 4,956 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Colorado, and 32 other states.

Evanson Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Evanson Asset Management: assets under management

The assets under management (AUM) of Evanson Asset Management, LLC is $4.21 billion. The firm's AUM has grown by 547% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.2 billion in discretionary accounts and $14.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $848.34 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.35 million.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evanson Asset Management, LLC for their services and products based on hourly charges and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Evanson Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Evanson Asset Management is high net worth individuals with 908 clients and $3.94 billion of assets under management. Among the 8 most similar advisory firms, Evanson Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.21 billion for 1,232 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Evanson Asset Management doesn't advise any private funds.

Careers at Evanson Asset Management, LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Edward Evanson	Managing member/chief compliance officer	1 Apr 2005	75% - 100%	1836990
Laura Jean Kelly	Chief compliance officer	1 Mar 2011	Other	5321371

Based in Carmel

The principal office where Evanson Asset Management, LLC performs its advisory services is located at 3483 Greenfield Place, Carmel, CA 93923 9425, which is also the mailing address of the firm. An additional office of the firm is in Monterey, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 831-333-2060 or by fax 831-333-2063. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at evansonasset.com.