Evans Investment Advisors, L.L.C. (Baton Rouge)


Evans Investment Advisors, L.L.C. is a large advisory firm based in Baton Rouge. It manages $146.05 million of regulatory assets for 583 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Louisiana, Mississippi, and Texas.

Evans Investment Advisors, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Evans Investment Advisors, L.L.C: assets under management

The assets under management (AUM) of Evans Investment Advisors, L.L.C. is $146.05 million. The firm's AUM has grown by 157% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144.01 million in discretionary accounts and $2.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $252.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $157.1 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is investment and business development companies, 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 Evans Investment Advisors, L.L.C. 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 Evans Investment Advisors, L.L.C 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 Evans Investment Advisors, L.L.C is high net worth individuals with 182 clients and $106.08 million of assets under management. Among the 9 most similar advisory firms, Evans Investment Advisors, L.L.C has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $146.05 million for 411 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.

Evans Investment Advisors, L.L.C doesn't advise any private funds.

Careers at Evans Investment Advisors, L.L.C.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Gregory Wade Evans Managing member; chief compliance officer 1 Mar 2008 75% - 100% 1320803
Barton Thomas Evans Managing member 1 Jan 2011 Other 4350168
Fox Arrington Ford Cco 1 Jan 2017 Other 3245614

Based in Baton Rouge

The principal office where Evans Investment Advisors, L.L.C. performs its advisory services is located at 6713 Perkins Road, Baton Rouge, LA 70808, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 225-761-7870 or by fax 225-761-8581. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at evansinvestmentadvisors.com.