Evermay Wealth Management, LLC (Arlington)

Name: Evermay Wealth Management, LLC
Address: 1776 Wilson Boulevard, Arlington, VA, 22209
Telephone: 703 822-5696

Evermay Wealth Management, LLC is a large advisory firm based in Arlington. It manages $551.97 million of regulatory assets for 924 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, District of Columbia, Florida, and 10 other states.

Evermay Wealth Management 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 more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Evermay Wealth Management: assets under management

The assets under management (AUM) of Evermay Wealth Management, LLC is $551.97 million. The firm's AUM has grown by 167% since the beginning of its operation, and $6.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $516.22 million in discretionary accounts and $35.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $583.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $893.82 thousand.

Evermay Wealth Management has custody of $313.32 million in cash and securities for 203 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% 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 Evermay Wealth 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 William Calvin Pitt serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of William Calvin Pitt is high net worth individuals with 149 clients and $446.72 million of assets under management. Among the 13 most similar advisory firms, Evermay Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $543.42 million for 334 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Evermay Wealth Management doesn't advise any private funds.

Careers at Evermay Wealth Management, LLC

The company employs 13 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Calvin Pitt has been acting as President since 1 Mar 2009. Damon Anthony White joined the executive team most recently as the Chief Operating Officer/Co Founder/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Calvin Pitt	President/co-founder	1 Mar 2009	50% - 75%	2477125
Damon Anthony White	Chief operating officer/co-founder/chief compliance officer	1 Mar 2009	Other	4625892
Biljana Mckinley	Wealth advisor/co-founder	1 Mar 2009	Other	4796237
Elizabeth Strickland Larson	Senior wealth advisor/principal	1 Mar 2009	Other	1796419
Charles P. Cocke Trust	Member	1 Mar 2009	Other	xxx-xx-xxxx
Charles Pollard Cocke	Trustee - charles p. cocke trust	1 Mar 2009	Other	5662987
Elizabeth Cocke	Trustee - charles p. cocke trust	1 Mar 2009	Other	5662999
Yukon Trust	Member	1 Mar 2009	Other	26-6802183
James Kennedy Ferguson	Principal	1 Mar 2009	Other	1726236

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Donald Sullivan	Trustee	1 Mar 2009	Other	5663001

Based in Arlington

The principal office where Evermay Wealth Management, LLC performs its advisory services is located at 1776 Wilson Boulevard, Arlington, VA 22209, which is also the mailing address of the firm. An additional office of the firm is in Virginia Beach, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703 822-5696 or by fax 703 312-1110. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at evermaywealth.com.