Evoke Wealth, also known as Evoke Advisors, is a fee-only firm located in Los Angeles overseeing billions of dollars in investable assets for hundreds of clients. Evoke also appears on SmartAsset's ranking of the top financial advisors in Los Angeles.
The firm's advisory team holds multiple certifications, including Certified Financial Planners™ (CFPs®), chartered retirement planning counselor (CRPC) and certified investment management analyst (CIMA) designations.
As for Evoke’s compensation arrangements, the firm charges asset-based fees and fixed fees.
Evoke Wealth Background
Evoke Wealth was established in 2019. The registered investment advisor (RIA) specializes in several different types of wealth management services, and it serves a wide range of individual and institutional clients.
Evoke is principally owned by David Hou and Mark Sear, the managing partners at the firm.
Evoke Wealth Client Types and Minimum Account Sizes
Evoke Wealth manages the assets of high-net-worth individuals and institutional clients include pooled investment vehicles, retirement funds, charities and corporations.
The firm doesn’t have a minimum account size requirement.
Services Offered by Evoke Wealth
Evoke offers the following advisory services:
- Portfolio management
- Financial planning
- Estate planning
- Savings planning
- Educational fund planning
- Cash flow analysis
- Retirement planning
- Pension consulting
- Selection of other advisors
- Educational seminars
Evoke Wealth Investment Philosophy
Evoke says in its SEC-filed brochure that its investment strategies typically "emphasize long-term ownership of a diversified portfolio of marketable and non-marketable investments intended to provide superior after-tax, inflation-adjusted, economic returns. The firm also provides diversification through multiple asset classes, market capitalizations, market styles and geographic regions.
Evoke primarily invests in equities, corporate bonds, U.S. government and municipal debt securities, mutual funds, closed-end funds (CEFs), exchange-traded funds (ETFs), structured products, warrants, commercial paper, certificates of deposit (CDs), options contracts and interests in limited partnerships.
Evoke Wealth Fees
Evoke’s annual advisory fees generally range between 0.75% and 1.00% of each client's assets under management. These fees are payable on a quarterly basis, in arrears.
What to Watch Out For
Evoke Wealth doesn’t have any disclosures listed on its Form ADV. The firm also uses a fee-only compensation structure. This means its advisors do not sell financial products and services for commissions. Instead, the firm's revenue comes from client-paid fees, not third-party firms.
Opening an Account With Evoke Wealth
If you’re thinking about investing with Evoke Wealth, you can set up an appointment by visiting the firm’s Los Angeles office, or you can call a representative at (424) 372-1777.
All information is accurate as of the writing of this article.
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