Evercore Reports Record Results; Evercore Wealth Management Assets Under Management Rise 16%
Evercore Partners (NYSE: EVR) ) today announced record adjusted pro forma net revenues of $911.9 million for the 12 months ended December 31, 2014, up 20% from $765.4 million a year earlier. Assets under management at Evercore Wealth Management rose 16% to $5.7 billion for the year.
Ralph Schlosstein, Evercore CEO, said: “Our wealth management business is performing extremely well, adding talent, clients, and assets under management. It had its second extremely strong year in a row of investment performance.”
Evercore Wealth Management is the U.S. wealth management subsidiary of Evercore, the global independent investment banking advisory firm founded by Roger Altman in 1995. Evercore owns 62.5% of Evercore Wealth Management; partners in the firm own the remaining equity.
For further information on Evercore, please visit: www.evercore.com.