Everwest Advisors LLC (Denver)

Everwest Advisors LLC is a large advisory firm based in Denver. It manages $412.69 million of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Colorado.

Everwest Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio management for joint-ventures & other co-investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Everwest Advisors: assets under management

The assets under management (AUM) of Everwest Advisors LLC is $412.69 million. The firm's AUM has grown by 141% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $245.35 million in discretionary accounts and $167.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.26 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.95 million.

Everwest Advisors has custody of $264.39 million in cash and securities for 21 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Everwest Advisors 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 Everwest Advisors serves?

The only and largest group of clients of Everwest Advisors is pooled investment vehicles with 20 clients and $412.69 million of assets under management. Among the 10 most similar advisory firms, Everwest Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $412.69 million for 20 clients. None of the firm’s clients are foreign persons or businesses.

Everwest Advisors also advises several private funds. Namely, fourteen real estate funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $7,500,000.

Careers at Everwest Advisors LLC

The company employs 61 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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
Everwest Llc	Sole member	1 Oct 2013	75% - 100%	80-0951398
David Earl Ramsay	Chief compliance officer	1 Oct 2013	Other	1293511
Richard Wayne Stone	Officer	1 Oct 2013	Other	6255415
Larry Allen Lance	Officer	1 Oct 2013	Other	6255416
Jay Kennedy Alexander	Officer	1 Oct 2013	Other	4744267
Paul Duncan Andrews	Chief financial officer	1 Jan 2014	Other	6301951
Gwl Realty Advisors U.S. Inc.	Sole member	1 Feb 2018	75% - 100%	20-8666056
Mark Alexander Hoopes	Chief compliance officer	1 Aug 2019	Other	2482339

Indirect Owners

The SEC currently registers 26 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Great West Lifeco Inc.	Shareholder	1 Oct 1985	75% - 100%	foreign entity
Power Financial Corporation	Shareholder	1 Jan 1987	50% - 75%	foreign entity
171263 Canada Inc.	Shareholder	1 Dec 1989	50% - 75%	foreign entity
The Great West Life Assurance Company	Shareholder	1 Apr 1993	75% - 100%	foreign entity
Pansolo Holding Inc.	Shareholder	1 May 1996	50% - 75%	foreign entity
Gwl Realty Advisors Inc.	Shareholder	1 Aug 2006	75% - 100%	foreign entity
Power Corporation Of Canada	Shareholder	1 Dec 2008	75% - 100%	foreign entity
Richard Wayne Stone	Elected manager	1 Aug 2013	Other	6255415
Larry Allen Lance	Elected manager	1 Aug 2013	Other	6255416
Jeffrey David Bennis	Elected manager	1 Aug 2013	Other	6259696
Jay Kennedy Alexander	Elected manager	1 Aug 2013	Other	4744267
Bruce Allen Rifkin	Elected manager	1 Oct 2013	Other	6259700
Desmarais Family Residuary Trust	Shareholder	1 Oct 2013	75% - 100%	foreign entity
Paul Desmarais	Trustee	1 Oct 2013	Other	1498208
Andre Desmarais	Trustee	1 Oct 2013	Other	6265184
Michel Plessis Belair	Trustee	1 Oct 2013	Other	6264973
Guy Fortin	Trustee	1 Oct 2013	Other	6264971
Gwl Realty Advisors Inc.	Shareholder	1 Feb 2018	75% - 100%	foreign entity
The Great West Life Assurance Company	Shareholder	1 Feb 2018	75% - 100%	foreign entity
Great West Lifeco Inc.	Shareholder	1 Feb 2018	75% - 100%	foreign entity
Power Financial Corporation	Shareholder	1 Feb 2018	50% - 75%	foreign entity
171263 Canada Inc.	Shareholder	1 Feb 2018	50% - 75%	foreign entity
Power Corporation Of Canada	Shareholder	1 Feb 2018	75% - 100%	foreign entity
Pansolo Holding Inc.	Shareholder	1 Feb 2018	50% - 75%	foreign entity
Desmarais Family Residuary Trust	Shareholder	1 Feb 2018	75% - 100%	foreign entity
Sophie Caroline Desmarais	Trustee	1 Mar 2018	Other	6922224

Based in Denver

The principal office where Everwest Advisors LLC performs its advisory services is located at 1099 18 Th Street, Denver, CO 80202, 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 303-986-2222 or by fax 303-986-7990. The normal business hours are 8:30 - 5:30 on Monday - Friday.