Evati Advisory Services, LLC (Evanston)

Name: Evati Advisory Services, LLC
Address: 1880 Oak Ave, Suite 301, Evanston, IL, 60201
Telephone: 888-382-8475

Evati Advisory Services, LLC is an internet adviser based in Evanston. It manages $76.61 thousand of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Evati Advisory Services provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Evati Advisory Services: assets under management

The assets under management (AUM) of Evati Advisory Services, LLC is $76.61 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 3986% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $76.61 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.39 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Evati Advisory Services, LLC for their services and products based on a percentage of assets under management. 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 Evati Advisory Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Evati Advisory Services is high net worth individuals with 11 clients and $60.77 thousand of assets under management. Among the 5 most similar advisory firms, Evati Advisory Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $76.61 thousand for 32 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.

Evati Advisory Services doesn't advise any private funds.

Careers at Evati Advisory Services, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone 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
Inc. Evati	Member	1 Jun 2017	75% - 100%	82-1853982
Robert Mcpherson Spalding	Chief compliance officer	1 Aug 2017	Other	6844795
Benjamin Will Stein	Chief operating officer	1 Feb 2018	Other	4534349
Trevor Toppen	Chief financial officer	1 Feb 2018	Other	6930195
Shachindra Agarwal	Chief technology officer	1 Feb 2018	Other	6930196

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Peter Lindsay Clemson	President and shareholder	1 Jun 2017	75% - 100%	3136893
Frank Phillip Bruno	Treasurer and shareholder	1 Jun 2017	25% - 50%	6844805

Based in Evanston

The principal office where Evati Advisory Services, LLC performs its advisory services is located at 1880 Oak Ave, Suite 301, Evanston, IL 60201, 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 888-382-8475 or by fax N/A. The normal business hours are not applicable - office visits by appointment only on Other. You can find more information about the New York firm at linkedin.com/company/evati/.