Everence Trust Company (Goshen)


Everence Trust Company is a large advisory firm based in Goshen. It manages $1.65 billion of regulatory assets for 4,247 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Arizona, California, and 25 other states.

Everence Trust Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, educational seminars and workshops, and administrative services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Everence Trust Company: assets under management

The assets under management (AUM) of Everence Trust Company is $1.65 billion. The firm's AUM has grown by 155% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.65 billion in discretionary accounts and $278 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $388.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $139 thousand.
Everence Trust Company has custody of $278 thousand in cash and securities for 2 clients in total and acts as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 89% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Everence Trust Company for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rodney D Diller serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Rodney D Diller is pension and profit sharing plans with 90 clients and $580.25 million of assets under management. Among the 10 most similar advisory firms, Everence Trust Company has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.65 billion for 4,247 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.

Everence Trust Company doesn't advise any private funds.

Careers at Everence Trust Company

The company employs 80 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 59 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 receive compensation from other entities for client referrals.

Rodney D Diller has been acting as President since 1 May 2001. David Thomas Warren joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Rodney D Diller President/director 1 May 2001 Other 3237186
James E Beitler Director 1 May 2001 Other 4399604
Shirley H Showalter Director 1 May 2001 Other 4399606
Ronald B Schertz Director/vice president 1 May 2001 Other 4399605
Todd A Holsopple Vice president 1 Jul 2004 Other 5652927
Philip R Zimmerman Chief compliance officer 1 Oct 2004 Other 4329742
Larry D Miller Director/chair 1 Jan 2007 Other 5287852
Melvin Louis Claassen Chief financial officer 1 Jun 2008 Other 4578844
William S Hartman Vice president 1 Jan 2009 Other 4609361
Inc. Everence Holdings Owner 1 Jan 2009 75% - 100% 26-3734671
Arlan Ray Yoder Vice president 1 Oct 2009 Other 4329769
Larry Grant Massanari Director 1 Jan 2010 Other 5751983
Inc. Mma Holdings Owner 1 Jan 2010 75% - 100% 26-3734671
Inc. Everence Holdings Owner 1 Jan 2010 75% - 100% 26-3734671
Randall Miller Jacobs Director 1 Jan 2014 Other 2213142
Kenneth Dean Hochstetler Director 1 Sep 2014 Other 4039345
Karen Ruth Kieper Director 1 Jan 2016 Other 6624842
Aaron John Kindig Senior investment officer 1 Feb 2016 Other 3251649
David Thomas Warren Vice president 1 Dec 2017 Other 5821351

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. Everence Association Owner 1 Jan 2009 75% - 100% 35-6059333

Based in Goshen

The principal office where Everence Trust Company performs its advisory services is located at 1110 North Main Street, Goshen, IN 46528 The mailing address of the firm is Po Box 483, Goshen, IN 46527. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 574-533-9511 or by fax 574-533-5264. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at everence.com.