Evercore Wealth Management, LLC

Evercore Wealth Management, LLC is an investment management firm based out of New York City, New York. The company acts as the wealth management segment of its parent company Evercore, which is an investment bank based out of New York City. Evercore Wealth Management was originally established in 2009 by Jeffrey S. Mauer, who is still with the company today acting as its CEO and who was previously the CEO of U.S. Trust. The company has grown from its inception to now operate with 70 employees of which 46 are investment professionals. Evercore Wealth Management conducts its research internally anf focuses on serving its clients, ensuring that “every client at the firm is served by at least two senior professionals, a portfolio manager and a wealth advisor, who work as a team with the support of their colleagues across Evercore.” The company invests most heavily in the information technology sector, which alone makes up over a fifth of the firm’s total asset allocations, and also invests in the consumer discretionary, finance, health care, industrials, materials, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. Evercore Wealth Management holds its allocations for 12.7 quarters on average and holds its top 10 allocations, which make up just under a quarter of the firm’s total holdings, for 8.2 quarters on average. In the most recent quarter, Evercore Wealth Management had a turnover rate of approximately 27.9%. The company manages over $6.2 billion in total assets under management spread across over 2,400 total accounts, all of which are discretionary accounts except for 29 which make up $41 million of its managed assets. Both of Evercore Wealth Management’s total number of accounts and total assets under management have been increasing in recent years with its total assets under management growing significantly, increasing from $100 million back in 2010 to its current amount.