Evermore Global Advisors, LLC (Summit)

Name: Evermore Global Advisors, LLC
Address: 89 Summit Avenue, Summit, NJ, 07901
Telephone: 908-378-2880

Evermore Global Advisors, LLC is a large advisory firm based in Summit. It manages $958.29 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of New Jersey.

Evermore Global Advisors provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Evermore Global Advisors: assets under management

The assets under management (AUM) of Evermore Global Advisors, LLC is $958.29 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38232% since the beginning of its operation, and $172.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $958.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $106.48 million each.

Evermore Global Advisors has custody of $19.87 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in non-exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evermore Global Advisors, LLC for their services and products based on a percentage of assets under management and performance-based 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 Henry Guy serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Henry Guy is investment companies with 2 clients and $583.27 million of assets under management. Among the 10 most similar advisory firms, Evermore Global Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $819.39 million for 6 clients. 28% of the firm’s clients are foreign persons or businesses.

Evermore Global Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Evermore Global Advisors, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Henry Guy has been acting as President since 1 Oct 2010. Douglas Nelson Tyre joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank Joseph Coates	Director	1 Apr 2001	Other	2245674
Eric Jean Legoff	Chief operating officer	1 Jun 2009	Other	1678399
David Ezra Marcus	Chief executive officer	1 Jun 2009	Other	1948907
Salvatore Paul Difranco	Chief financial officer	1 Aug 2009	Other	2136566
Guy Talarico	Chief compliance officer	1 Nov 2009	Other	4865564
Guy Francis Talarico	Chief compliance officer	1 Nov 2009	Other	4865564
Cristina M. Stenbeck	Member	1 Mar 2010	Other	5900834
Andreas M. Stenbeck	Member	1 Mar 2010	Other	5900841
Equity Trust Company Custodian Fbo Mark E. Keough Ira	Member; preferred units	1 Mar 2010	Other	05-0552743
Henry Guy	Director	1 Oct 2010	Other	5900865
Stephen Apkon	Director	1 Jul 2011	Other	1609195
Gerald Aldo Donini	Member	1 Dec 2012	Other	2751131
Gino Emedio Malaspina	Chief compliance officer	1 Jan 2013	Other	6052662
John Joseph Canning	Chief compliance officer	1 Jul 2014	Other	2372442
Gerald Aldo Donini	Member	1 Aug 2014	Other	2751131
Estate Of Andreas M. Stenbeck	Member	1 Mar 2015	Other	35-7097552
Patrick Joseph Gallagher	Director	1 May 2015	Other	2370146
Bartholomew Christopher Tesoriero	Chief financial officer	1 Nov 2015	Other	2438457
Jay Wilson Haas	Chief compliance officer	1 Mar 2016	Other	4123504
Robert Louis Lerner	Director	1 Jun 2016	Other	4443466
Douglas Nelson Tyre	Chief compliance officer	1 Dec 2017	Other	4556156

Based in Summit

The principal office where Evermore Global Advisors, LLC performs its advisory services is located at 89 Summit Avenue, Summit, NJ 07901, 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 908-378-2880 or by fax 908-378-2890. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at evermoreglobal.com.