Evercore Wealth Management Featured in American Banker

January 25, 2010

American Banker led a profile of Evercore Wealth Management and interview with chairman and CEO Jeff Maurer with the news that the firm signed a definitive agreement to buy Morse, Williams and Co. Inc. as part of its plan to acquire $5 billion in assets under management by its fifth of operation. The firm was founded a year ago.

"We are off to a good start in a turbulent environment," said Maurer. To reach that goal, Maurer said that he wants to get back to "an old school asset management model" where advisors work more directly with investment clients. Evercore has a staff of 35 people, including 15 partners. Probably 70% of those partners are former executives from U.S. Trust, Maurer estimated.

Maurer was previously CEO of U.S. Trust.