Richard L. Evans Investment Management, LLC (Flossmoor)


Richard L. Evans Investment Management, LLC is a large advisory firm based in Flossmoor. It manages $132.19 million of regulatory assets for 336 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois and Indiana.

Richard L. Evans Investment Management 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.

Richard L. Evans Investment Management: assets under management

The assets under management (AUM) of Richard L. Evans Investment Management, LLC is $132.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $393.41 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Richard L. Evans Investment Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richard L. Evans Investment Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Richard L. Evans Investment Management is high net worth individuals with 48 clients and $96.52 million of assets under management. Among the 13 most similar advisory firms, Richard L. Evans Investment Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.19 million for 168 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.

Richard L. Evans Investment Management doesn't advise any private funds.

Careers at Richard L. Evans Investment Management, LLC

The company employs 2 people that are either part- or full-time employees. 50 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
Richard Lee Evans Principal & chief executive officer 1 Feb 1992 75% - 100% 2168525
Barbara Margaret Evans Chief compliance officer 1 Jan 2010 Other 5753854

Based in Flossmoor

The principal office where Richard L. Evans Investment Management, LLC performs its advisory services is located at 1540 Cambridge Avenue, Flossmoor, IL 60422, 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 708-957-4246 or by fax 708-957-1997. The normal business hours are 8am- 5pm on Monday - Friday. You can find more information about the New York firm at rlevansinvestments.com.