Evoke Wealth, LLC

CRD#300856
Investment Advisor Firm

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Overview

Evoke Wealth, LLC is an advisory company located in Los Angeles, California. The firm controls $4.7 billion in assets over 2,247 accounts, placing it among the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a small team of 20 employees, including 15 financial advisors. Evoke Wealth, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as bonds, equities and options.

Evoke Wealth, LLC administers more than half of the company's accounts in a discretionary manner. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without requiring the client's authorization. It also manages 45 non-discretionary accounts with a total of $244.4 million in assets under management. The company manages about $2.1 million in assets for every customer account. The typical financial advisor at Evoke Wealth, LLC manages about 150 client accounts.

Evoke Wealth, LLC's headquarters is at 10635 Santa Monica Blvd., Los Angeles, California 90025. It is legally permitted to serve customers across a few states, including California, Colorado, Florida, Nevada and New York.

Assets Under Management

$4.7 billion

Number of Advisors

15

Disclosures

No

Office Location

10635 Santa Monica Blvd.
Los Angeles, CA 90025

Evoke Wealth, LLC by the Numbers

Total Assets Under Management

$4.7 billion

National Average: $3.7 billion
Total Number of Employees

20

National Average: 29
Total Number of Accounts

2,247

National Average: 2,073
Average Account Size

$2.1 million

National Average: $1.8 million

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Products and Services

Evoke Wealth, LLC offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. Notably, the firm did not provide any of its customers with financial planning services in the previous financial year. Evoke Wealth, LLC does not sell products or offer services apart from investment advisory services to its investment advisory customers.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 4% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial advisory fees typically depend on which services the firm provides the client. Fee types charged by the firm likely consist of the following fee types: asset-based or fixed. The company does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company works with high net worth investors, pooled investment vehicles and corporations. Out of its 2,247 accounts, Evoke Wealth, LLC's largest client by number of accounts is high net worth investors, but it also caters to 291 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 90.94%
  • Other Individuals - 0%
  • Corporations - 9.06%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Evoke Wealth, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Evoke Wealth, LLC

Jason Lefton
Los Angeles, CA
Ying-Fang Chen
Los Angeles, CA
Dorian O'Leary
Los Angeles, CA
Kareem Hout
Los Angeles, CA
Amanda Levy
Los Angeles, CA
Melanie Jones
Los Angeles, CA
Blake Reback
Los Angeles, CA
Peter Chang
Los Angeles, CA
Jeffrey Dore
Los Angeles, CA

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This content was compiled from the SEC and FINRA