Evergreen Capital Management LLC (Bellevue)


Evergreen Capital Management LLC is a large advisory firm based in Bellevue. It manages $2.2 billion of regulatory assets for 1,696 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, Arizona, California, and 12 other states.

Evergreen Capital Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, educational seminars and workshops, and unsolicited investment advice on an ad hoc basis. It prepares financial plans for approximately 560 clients. On top of advisory services, the firm doesn't engage in other business activities.

Evergreen Capital Management: assets under management

The assets under management (AUM) of Evergreen Capital Management LLC is $2.2 billion. The firm's AUM has grown by 2337% since the beginning of its operation, and $8.62 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.08 billion in discretionary accounts and $118.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.09 million.
Evergreen Capital Management has custody of $979.02 million in cash and securities for 419 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evergreen Capital Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Evergreen Capital Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Evergreen Capital Management is high net worth individuals with 327 clients and $1.91 billion of assets under management. Among the 7 most similar advisory firms, Evergreen Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.2 billion for 725 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Evergreen Capital Management doesn't advise any private funds.

Careers at Evergreen Capital Management LLC

The company employs 32 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Mills Hay has served as the Chief Investment Officer since 1 Jun 2002. Jeffrey B Dicks joined the executive team most recently as the Portolio Manager.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Larry Pinkley Morris Managing member 1 Apr 1999 Other 91-1962899
William Thomas Karr Member 1 Apr 1999 75% - 100% 4398087
David Mills Hay Member/chief investment officer 1 Jun 2002 Other 868391
D And M Hay Llc Member 1 Apr 2004 50% - 75% 80-0105187
Olesya S Sinitsa Director of research and portfolio manager/member 1 Apr 2004 Other 5749440
Sharmon Marie Morris Chief operating officer/chief compliance officer 1 Aug 2006 Other 5300433
Michael Jay Wiesmann Customer relationship manager/member 1 Mar 2007 Other 1063641
Rosann Kay Watson Chief operating officer/chief compliance officer 1 Jun 2007 Other 2284094
Tyler Bradley Hay Chief compliance officer 1 Jan 2010 Other 5749343
Jeffrey Michael Eulberg Director of wealth management, principal 1 Jan 2010 Other 5749416
C.Jeff Razore Brand development manager /member 1 Aug 2010 Other 6044763
Stephen Jerome Dunn Customer relationship manager/member 1 Feb 2011 Other 4286163
Lenape Inc. Member 1 Mar 2012 Other 80-0801945
William Wyatt Hay Chief compliance officer 1 Feb 2016 Other 6516392
Jeffrey B Dicks Portolio manager 1 Jan 2018 Other 4998034

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
David Mills Hay Member 1 Apr 2004 75% - 100% 868391
Kelly Lusk Creel Shareholder 1 Mar 2012 75% - 100% 2372035

Based in Bellevue

The principal office where Evergreen Capital Management LLC performs its advisory services is located at 10500 Ne 8 Th Street, Bellevue, WA 98004, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 425-467-4600 or by fax 425-467-4606. The normal business hours are 8:00 a.m. to 4:00p.m. on Monday - Friday. You can find more information about the New York firm at evergreencapital.net.