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.
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 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.
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.
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.
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.