Evensky & Katz, LLC (Coral Gables)


Evensky & Katz, LLC is a large advisory firm based in Coral Gables. It manages $1.74 billion of regulatory assets for 4,273 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Arizona, California, and 20 other states.

Evensky & Katz provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Evensky & Katz: assets under management

The assets under management (AUM) of Evensky & Katz, LLC is $1.74 billion. The firm's AUM has grown by 217% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.74 billion in discretionary accounts and $2.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $409.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $113.79 thousand.
Evensky & Katz has custody of $43.83 million in cash and securities for 49 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evensky & Katz, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Evensky & Katz serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Evensky & Katz is high net worth individuals with 499 clients and $1.42 billion of assets under management. Among the 9 most similar advisory firms, Evensky & Katz has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.74 billion for 986 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.

Evensky & Katz doesn't advise any private funds.

Careers at Evensky & Katz, LLC

The company employs 30 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Maria Chaves Bielow Chief compliance officer, officer 1 Oct 2004 Other 2065943
Inc. Evensky & Katz Member 1 Jan 2007 25% - 50% 65-1020240
Harold Ray Evensky Elected manager 1 Jan 2007 Other 1146318
Deena Boone Katz Elected manager 1 Jan 2007 Other 1631684
Lane Mcmaster Jones Member 1 Jun 2007 Other 3050482
David Samuel Evensky Member 1 Jun 2007 Other 3162847
Matthew A Mcgrath Member 1 Jul 2007 Other 2983504
Harold Ray Evensky Management committe member, chairman 1 Jul 2014 Other 1146318
Deena Boone Katz Member, co-chair 1 Jul 2014 Other 1631684
Lane Mcmaster Jones Management committee member, chief investment officer 1 Jul 2014 Other 3050482
David Samuel Evensky Management committee member 1 Jul 2014 Other 3162847
Matthew A Mcgrath Management committee member, managing partner 1 Jul 2014 Other 2983504
Brett David Horowitz Management committee member 1 Jul 2014 Other 4720365
David Lee Garcia Management committee member 1 Jul 2014 Other 5582876
Steven Michael Foldes Management committee member, vice-chairman 1 Jul 2014 Other 2257102
Taylor Milton Gang Shareholder, member 1 Jul 2014 Other 4902806
Kathryn Jean Salter Management committee member 1 Mar 2019 Other 7083604

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Harold Ray Evensky Shareholder 1 Oct 1985 50% - 75% 1146318
Deena Boone Katz Shareholder 1 Jun 1990 50% - 75% 1631684

Based in Coral Gables

The principal office where Evensky & Katz, LLC performs its advisory services is located at 4000 Ponce De Leon Boulevard, Coral Gables, FL 33146, which is also the mailing address of the firm. An additional office of the firm is in Lubbock, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-448-8882 or by fax 305-448-1326. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at evensky.com.

Registered investment advisers similar to Evensky & Katz, LLC