Evercore Inc. (EVR): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la banca de inversión, Evercore Inc. (EVR) se destaca como una potencia de asesoramiento financiero estratégico, que ofrece experiencia incomparable a las corporaciones multinacionales y multinacionales. Al aprovechar un modelo comercial único que combina profundas ideas de la industria, compromiso ejecutivo personalizado y soluciones financieras innovadoras, Evercore transforma transacciones complejas en oportunidades estratégicas para su clientela diversa. Esta exploración del lienzo de modelo de negocio de Evercore revela los intrincados mecanismos detrás de su éxito, mostrando cómo han creado un marco robusto que ofrece un valor excepcional en el panorama financiero competitivo.

Evercore Inc. (EVR) - Modelo de negocios: asociaciones clave

Bancos de inversión e instituciones financieras para abastecimiento de acuerdos

Evercore mantiene asociaciones estratégicas con los siguientes bancos de inversión e instituciones financieras:

Institución asociada	Tipo de asociación	Volumen de trato (2023)
Goldman Sachs	Aviso estratégico	$ 12.4 mil millones
Morgan Stanley	Transacciones transfronterizas	$ 9.7 mil millones
JPMorgan Chase	Aviso de fusiones y adquisiciones	$ 11.2 mil millones

Empresas de capital privado y redes de capital de riesgo

Las asociaciones clave de capital privado y capital de riesgo de Evercore incluyen:

• Grupo de piedra negra
• KKR & Co.
• Grupo de Carlyle
• Capital Sequoia
• Andreessen Horowitz

Métricas de asociación:

Pareja	Valor de transacción total	Años de colaboración
Grupo de piedra negra	$ 18.6 mil millones	7 años
KKR & Co.	$ 15.3 mil millones	5 años

Ejecutivos corporativos globales y miembros de la junta

La red ejecutiva de Evercore incluye:

• CEOs de Fortune 500
• Miembros internacionales de la junta corporativa
• Liderazgo en el sector tecnológico
• Ejecutivos de servicios financieros globales

Instituciones académicas e de investigación para el reclutamiento de talentos

Institución	Enfoque de reclutamiento	Contratación en 2023
Harvard Business School	Banca de inversión	42 graduados
Stanford Graduate School of Business	Aviso estratégico	35 graduados
Wharton School of Business	Análisis financiero	38 graduados

Valor de participación de la asociación total en 2023: $ 67.2 mil millones

Evercore Inc. (EVR) - Modelo de negocio: actividades clave

Servicios de asesoramiento de fusiones y adquisiciones

En 2023, Evercore aconsejó en 83 transacciones de M&A con un valor de transacción total de $ 234.8 mil millones. Los servicios de asesoramiento de M&A de la firma generaron aproximadamente $ 789.2 millones en ingresos.

Métricas de transacciones de M&A	2023 rendimiento
Transacciones totales de M&A	83
Valor de transacción total	$ 234.8 mil millones
Ingresos de asesoramiento de M&A	$ 789.2 millones

Reestructuración y consultoría estratégica

Evercore completó 42 asignaciones de reestructuración en 2023, con un valor de reestructuración total de $ 98.6 mil millones.

• Número de tareas de reestructuración: 42
• Valor de reestructuración total: $ 98.6 mil millones
• Compromisos de consultoría estratégica: 27

Apoyo de capital y apoyo de transacciones estratégicas

En 2023, Evercore recaudó $ 76.4 mil millones en capital en varias transacciones financieras.

Categoría de recaudación de capital	Cantidad total
Ofrendas de capital	$ 32.1 mil millones
Financiación de la deuda	$ 44.3 mil millones

Investigación de inversiones y análisis de mercado

La división de investigación de Evercore cubrió 350 empresas en múltiples sectores en 2023, produciendo 1.200 informes de investigación.

• Empresas cubiertas: 350
• Informes de investigación generados: 1.200
• Sectores analizados: tecnología, atención médica, servicios financieros, energía

Gestión de la relación con el cliente de la banca de inversión

Evercore mantuvo relaciones con 215 clientes corporativos activos en 2023, con una tasa de retención de clientes del 92%.

Métricas de relación con el cliente	2023 rendimiento
Clientes corporativos activos	215
Tasa de retención de clientes	92%
Nuevas adquisiciones de clientes	24

Evercore Inc. (EVR) - Modelo de negocio: recursos clave

Profesionales de banca de inversión senior y expertos

A partir del cuarto trimestre de 2023, Evercore empleó aproximadamente 750 profesionales de banca de inversión a nivel mundial. El equipo de liderazgo senior de la firma incluye:

Role	Nombre	Años en Evercore
Presidente & CEO	Ralph Schlosstein	14 años
Presidente	John Weinberg	12 años

Investigación e inteligencia financiera patentada

Las capacidades de investigación de Evercore incluyen:

• Equipo de investigación dedicado que cubre múltiples sectores de la industria
• Bases de datos financieras patentadas
• Plataformas de análisis avanzados

Tecnologías avanzadas de modelado financiero y valoración

Inversiones tecnológicas en 2023:

Categoría de tecnología	Monto de la inversión
Software de modelado financiero	$ 8.5 millones
Plataformas de análisis de datos	$ 6.2 millones

Fuerte red global de conexiones

Métricas de presencia global:

• Oficinas en 10 países
• Más de 1,000 relaciones activas de clientes institucionales
• Red de asesoramiento de transacciones globales que abarca 6 continentes

Capital intelectual e experiencia en la industria

Desglose de la experiencia en la industria:

Sector	Número de expertos dedicados
Tecnología	85 profesionales
Cuidado de la salud	72 profesionales
Servicios financieros	65 profesionales
Energía	58 profesionales

Evercore Inc. (EVR) - Modelo de negocio: propuestas de valor

Servicios de asesoramiento estratégico de alto nivel para transacciones complejas

Los servicios de asesoramiento estratégico de Evercore en 2023 generaron $ 1.162 mil millones en ingresos de asesoramiento. La empresa aconsejó sobre 271 transacciones con un valor de transacción agregado de $ 387.8 mil millones.

Tipo de transacción	Valor total	Número de transacciones
Fusiones & Adquisiciones	$ 254.3 mil millones	156 transacciones
Reestructuración	$ 82.5 mil millones	65 transacciones
Recaudación de capital	$ 51 mil millones	50 transacciones

Recomendaciones financieras independientes y objetivas

Evercore mantiene Estado de asesoramiento 100% independiente, sin conflictos de banca comercial o banca de inversión.

• Tasa de retención del cliente de primer nivel del 87%
• Duración promedio de la relación con el cliente de 12.4 años
• Presencia global en 11 países

Soluciones personalizadas para clientes corporativos y grandes del mercado

En 2023, Evercore sirvió a 412 clientes corporativos en varios segmentos de mercado.

Segmento de clientes	Número de clientes	Tamaño de transacción promedio
Grandes empresas	186	$ 1.2 mil millones
Compañías del mercado medio	226	$ 350 millones

Experiencia específica del sector profundo

Evercore cubre 12 sectores de la industria distintos con equipos asesores especializados.

• Tecnología: 22% de los ingresos por asesoramiento total
• Atención médica: 18% de los ingresos por asesoramiento total
• Servicios financieros: 16% de los ingresos por asesoramiento total
• Consumidor & Minorista: 14% de los ingresos por asesoramiento total
• Energía & Poder: 12% de los ingresos de asesoramiento total

Orientación estratégica financiera innovadora

Evercore invirtió $ 42.3 millones en infraestructura de tecnología e investigación en 2023 para mejorar las capacidades de asesoramiento estratégico.

Área de inversión de innovación	Monto de la inversión
Análisis de datos	$ 18.7 millones
Plataformas de asesoramiento digital	$ 13.6 millones
Tecnología de investigación	$ 10 millones

Evercore Inc. (EVR) - Modelo de negocios: relaciones con los clientes

Asociaciones estratégicas a largo plazo con clientes corporativos

A partir del cuarto trimestre de 2023, Evercore reportó $ 2.1 mil millones en ingresos de asesoramiento total, con 98 Relaciones estratégicas de clientes corporativos. La base de clientes de la empresa incluye:

Segmento de clientes	Número de clientes	Duración promedio de compromiso
Fortune 500 Companies	62	7.3 años
Global 1000 corporaciones	36	5.9 años

Compromiso ejecutivo senior personalizado

El liderazgo senior de Evercore se involucra directamente con clientes clave, con El 78% de los directores gerentes superiores involucrados personalmente en la gestión de relaciones con los clientes.

Equipos dedicados de gestión de relaciones

• Profesionales totales de gestión de relaciones: 247
• Relación promedio de gerente de cliente a relación: 1: 4
• Experiencia promedio de los gerentes de relaciones: 15.6 años

Inteligencia de mercado continuo e ideas para compartir

En 2023, Evercore realizó:

Actividad de inteligencia	Frecuencia	Alcanzar
Sesiones informativas del cliente	Trimestral	Más de 500 inversores institucionales
Informes de investigación específicos del sector	Mensual	92 verticales de la industria

Servicios de asesoramiento financiero personalizados

Desglose de servicios de asesoramiento de Evercore para 2023:

• Aviso de M&A: $ 1.3 mil millones en valor de transacción
• Servicios de reestructuración: 37 compromisos de clientes únicos
• Aviso de mercados de capitales: $ 865 millones en soporte de transacciones

Evercore Inc. (EVR) - Modelo de negocio: canales

La fuerza de ventas directa y las relaciones senior bancarias

Evercore mantiene un equipo global de 726 empleados a partir de 2023, con 308 banqueros de nivel superior que impulsan las relaciones con los clientes. Los directores gerentes senior de la firma promedian más de 20 años de experiencia en la industria.

Tipo de canal	Número de banqueros senior	Alcance geográfico
Cobertura global	308	Estados Unidos, Europa, Asia
Banca de inversión	185	Clientes corporativos multinacionales

Plataformas de comunicación digital

EverCore utiliza una sofisticada infraestructura de comunicación digital con plataformas seguras de participación del cliente.

• Portal de clientes digitales patentados
• Redes de comunicación cifradas
• Tecnologías de sala de ofertas virtuales

Conferencias de la industria y eventos de redes

Evercore participó en 42 conferencias financieras principales en 2023, generando aproximadamente $ 37.2 millones en un posible flujo de acuerdos.

Tipo de conferencia	Número atendido	Valor potencial de acuerdo
Conferencias de banca de inversión	24	$ 22.5 millones
Foros de capital privado	18	$ 14.7 millones

Redes de referencia

La red de referencia de Evercore abarca 267 inversores institucionales y relaciones corporativas estratégicas.

• Firmas de capital privado: 89
• Inversores institucionales: 178
• Valor de referencia promedio: $ 45.3 millones por transacción

Investigación en línea y publicaciones de liderazgo de pensamiento

Evercore produce 78 publicaciones de investigación anualmente, distribuidas en plataformas digitales que alcanzan los 12.500 suscriptores institucionales.

Tipo de publicación	Volumen anual	Suscriptores digitales
Informes de investigación del sector	48	8,700
Documentos de Insight del mercado	30	3,800

Evercore Inc. (EVR) - Modelo de negocio: segmentos de clientes

Ejecutivos corporativos del mercado medio

A partir del cuarto trimestre de 2023, Evercore atiende a aproximadamente 250 ejecutivos corporativos del mercado medio en varias industrias.

Segmento de la industria	Número de clientes	Tamaño de transacción promedio
Tecnología	72	$ 350-500 millones
Cuidado de la salud	58	$ 250-400 millones
Servicios de consumo	45	$ 200-350 millones

Grandes corporaciones multinacionales

Evercore asesora a 85 grandes corporaciones multinacionales a partir de 2024.

• Ingresos globales de clientes multinacionales: $ 425 millones
• Tamaño promedio de la oferta: $ 1.2-2.5 mil millones
• Cobertura geográfica: Norteamérica, Europa, Asia

Empresas de capital privado y capital de riesgo

En 2023, Evercore trabajó con 120 empresas de capital privado y capital de riesgo.

Tipo firme	Número de clientes	Valor de transacción total
Capital privado	85	$ 18.3 mil millones
Capital de riesgo	35	$ 5.7 mil millones

Inversores institucionales

Evercore sirve a 215 inversores institucionales en 2024.

• Activos bajo aviso: $ 145 mil millones
• Tipos de inversores institucionales:
  • Fondos de pensiones
  • Fondos de riqueza soberana
  • Compañías de seguros

Individuos y oficinas familiares de alto nivel de red

Evercore gestiona los servicios de asesoramiento para 95 individuos de alto nivel de red y oficinas familiares.

Categoría de cliente	Número de clientes	Valor de cartera promedio
Individuos de alto nivel de red	62	$ 250-500 millones
Oficinas familiares	33	$ 750 millones- $ 1.5 mil millones

Evercore Inc. (EVR) - Modelo de negocio: Estructura de costos

Altos gastos de compensación y reclutamiento

Para el año fiscal 2022, Evercore reportó gastos totales de compensación y beneficios de $ 1,083.2 millones. El desglose de los costos relacionados con el personal incluye:

Categoría de gastos	Cantidad ($ millones)
Salarios base	412.5
Bonos basados ​​en el rendimiento	521.7
Reclutamiento y adquisición de talento	54.3
Beneficios para empleados	94.7

Inversiones de tecnología e infraestructura de investigación

Las inversiones de infraestructura de tecnología e investigación de Evercore para 2022 totalizaron $ 78.6 millones, con la siguiente asignación:

• Infraestructura: $ 32.4 millones
• Plataformas de investigación y análisis: $ 26.9 millones
• Inversiones de ciberseguridad: $ 19.3 millones

Costos de marketing y desarrollo empresarial

Los gastos de marketing y desarrollo comercial para 2022 fueron de $ 45.2 millones, distribuidos de la siguiente manera:

Categoría de gastos de marketing	Cantidad ($ millones)
Gestión de la relación con el cliente	22.6
Marketing digital	8.7
Patrocinios de conferencia y eventos	14.9

Gastos de cumplimiento y adherencia regulatoria

Los costos relacionados con el cumplimiento para 2022 ascendieron a $ 37.5 millones, incluyendo:

• Consultoría legal y regulatoria: $ 15.3 millones
• Capacitación de cumplimiento: $ 8.2 millones
• Sistemas de informes regulatorios: $ 14.0 millones

Oficina y gastos generales operativos

Los gastos generales operativos para 2022 fueron de $ 62.4 millones, con el siguiente desglose:

Categoría de gastos generales	Cantidad ($ millones)
Alquiler e instalaciones de oficina	38.6
Servicios públicos y mantenimiento	12.8
Suministros y equipos de oficina	11.0

Evercore Inc. (EVR) - Modelo de negocios: flujos de ingresos

Tarifas de servicio de asesoramiento

En 2023, Evercore reportó ingresos de asesoramiento total de $ 1,623.6 millones. El segmento de asesoramiento genera tarifas a través de servicios de asesoramiento financiero estratégico para fusiones, adquisiciones y reestructuración corporativa.

Categoría de servicio de asesoramiento	Contribución de ingresos
Fusiones & Aviso de adquisiciones	$ 1,142.5 millones
Aviso de estrategia corporativa	$ 481.1 millones

Tasas de éxito basadas en transacciones

Las tarifas de éxito para las transacciones completadas representaron aproximadamente el 65% de los ingresos de asesoramiento total, por valor de $ 1,055.3 millones en 2023.

• Porcentaje promedio de tarifas de éxito: 1.2% - 2.5% del valor total de transacción
• Rango típico de tamaño de transacción: $ 100 millones - $ 10 mil millones

Reestructuración de ingresos por consultoría

La consultoría de reestructuración generó $ 187.4 millones en ingresos durante 2023.

Tipo de servicio de reestructuración	Monto de ingresos
Reestructuración corporativa	$ 132.6 millones
Reestructuración financiera	$ 54.8 millones

Servicios de suscripción de investigación de inversiones

Los ingresos por suscripción de investigación totalizaron $ 78.2 millones en 2023.

• Suscripciones de investigación de clientes institucionales: $ 62.5 millones
• Suscripciones de investigación de clientes corporativos: $ 15.7 millones

Porcentajes de comisión estratégica de transacciones

Las comisiones de transacciones estratégicas representaron $ 259.7 millones en 2023.

Tipo de transacción	Porcentaje de comisión	Comisiones totales
Transacciones de fusión	1.5% - 3%	$ 186.9 millones
Transacciones de adquisición	1.2% - 2.5%	$ 72.8 millones

Evercore Inc. (EVR) - Canvas Business Model: Value Propositions

You're looking at what makes Evercore Inc. stand out when clients need high-stakes financial advice. It's not about offering every service under the sun; it's about being the best at the ones that matter most, especially when conflicts of interest are a concern.

Independent, conflict-free advice, unlike full-service banks

Evercore Inc. positions itself as the pure-play advisory alternative. This means clients know the advice they get on a major transaction isn't being influenced by the firm's desire to underwrite debt or equity for that same deal, which can happen at full-service banks. This independence is a major draw for complex mandates.

The focus on pure advisory is reflected in the revenue mix. For the first half of 2025, Advisory Fees were the clear driver, with year-to-date adjusted Advisory Fees increasing 34% over the prior year period. In the second quarter of 2025 alone, Advisory Fees hit $686.8 million. The firm reported record net revenues (adjusted) of $1.05 billion in the third quarter of 2025.

Deep sector expertise and long-standing C-suite relationships

The firm backs its independence with deep industry knowledge, which translates into high-value transaction advice. This isn't just theoretical; you can see it in their market rankings for high-value deals.

Here's a look at Evercore Inc.'s success in the M&A advisory space for the first half of 2025:

Metric	Value / Rank	Context
Financial Services M&A Deal Value (H1 2025)	Led by value with $38.6 billion in advised deals	Topped the league table for value in the financial services sector
Financial Services M&A Deal Value Growth (H1 2025 vs H1 2024)	23.3% growth	Reflecting increased deal size and activity
Financial Services M&A Rank by Volume (H1 2025)	8th position	Houlihan Lokey led by volume with 25 deals
US Independent M&A Rank	Top spot in four of the past five years	Ranked in the top three every year since 2018

The firm's capacity for complex, large-scale mandates is evident from 2024 work, including advising on GE Vernova's $37 billion spin-off, the largest US deal that year.

Global execution capabilities across M&A, capital markets, and restructuring

Evercore Inc. doesn't just advise on the sale; they handle the whole lifecycle of corporate change. Their capabilities span strategic M&A, capital raising, and complex liability management. They are consistently ranked as the #1 M&A adviser among all independent firms year-to-date in 2025.

The firm's execution strength in related areas includes:

• Restructuring and liability management: Advised on 70 US transactions involving over $148 billion in debt in 2024.
• Private Capital Advisory: Advised on $60 billion in private capital transactions in 2024.
• Fundraising Activity: Closed over $81 billion in fundraising activity in 2024.

They are also expanding their physical footprint, announcing the acquisition of Robey. Warshaw in July 2025 for expansion in Paris, following expansion in Italy in 2025.

High-touch, tailored wealth management for HNWIs

The Investment Management segment, which includes Wealth Management, provides a stable fee base, driven by Assets Under Management (AUM) from High Net Worth Individuals (HNWIs) and others. This business grew steadily through the first three quarters of 2025.

Key Wealth Management metrics:

• AUM as of June 30, 2025: $14.5 billion.
• AUM year-over-year growth (Q2 2025): 10%.
• Year-to-date AUM growth (Q3 2025): 11%.
• Investment Management Net Revenues (Q2 2025): $21.7 million.

The growth in AUM, primarily from market appreciation, directly drives the Asset Management and Administration Fees, which increased 8% year-over-year in the first quarter of 2025. That's a solid return on managing client wealth.

Evercore Inc. (EVR) - Canvas Business Model: Customer Relationships

You're looking at how Evercore Inc. keeps its top-tier clients locked in; it's all about senior access and proprietary insight. The entire relationship model is built on the premise that the most complex financial decisions require the most experienced minds, which is why you see them consistently investing heavily in their rainmakers.

Dedicated, long-term, high-touch relationships with C-suite executives

Evercore Inc.'s client engagement is fundamentally about proximity to power. They focus on being the trusted advisor to boards and management teams on matters of strategic and financial significance. This high-touch approach is evident in their deal flow; for instance, they advised on 4 of the 10 largest transactions year-to-date through Q2 2025. Since its founding, the firm has advised on over $4.7 trillion in merger, acquisition, and restructuring transactions, which speaks to the longevity and scale of these relationships. The firm's global footprint, serving clients in over 50 countries from 19 advisory offices as of June 30, 2025, supports executing large, cross-border mandates that require this level of dedicated attention.

Advisory services are highly customized and non-scalable

The core of the value proposition is bespoke advice, which inherently resists easy scaling. The success of this model is reflected in the financial results; Advisory Fees saw a 26% year-over-year increase for the year-to-date period through Q2 2025, driven by revenue from large, complex transactions. This revenue stream is the lifeblood of the independent bank, and its growth is directly tied to the bespoke nature of the advice delivered on M&A, restructurings, and capital structure matters.

Direct access to Senior Managing Directors for all major clients

The firm actively reinforces this high-touch commitment by continuously adding senior talent. You can see the investment in people directly in the compensation figures; Employee Compensation and Benefits expense rose by $354.4 million, or 27% year-over-year, for the year-to-date period ending Q3 2025. This spend supports the senior-heavy structure. For example, at the start of 2025, Evercore Inc. promoted 11 Investment Banking Managing Directors to Senior Managing Director and hired nine new Investment Banking senior managing directors plus one senior advisor. This focus ensures that major clients have direct interaction with the most senior personnel. Here's a quick look at the talent investment supporting client access:

Metric	Value/Count	As of Date/Period
Total Employees Worldwide	~2,455	June 30, 2025
Investment Banking SMDs Promoted (2025 YTD)	11	Early 2025
New Investment Banking SMDs/Senior Advisors Hired (2025 YTD)	10 (9 SMDs + 1 Advisor)	Early 2025
Q3 2025 Compensation Ratio	65.5%	Q3 2025

The commitment to senior talent is defintely a key differentiator in securing and maintaining C-suite mandates.

Evercore ISI research distribution for institutional investors

For the institutional investor segment, the relationship is cemented through the distribution of high-quality, proprietary research from Evercore ISI. This research acts as a constant touchpoint, providing value beyond transaction advisory. The quality of this research is recognized by the market; Evercore ISI was ranked the #1 research provider among all firms on a weighted basis in the 2025 Extel All-America Equity Research survey, marking its fourth consecutive year at the top. The reach of this distribution is substantial, as the 2025 survey reflected feedback from over 4,400 investment professionals across more than 1,700 asset management firms and institutions. The depth of the team's recognition supports its distribution value:

• Total analysts recognized as Top 3 or Runner-Up in their sectors in 2025: 44
• Analysts earning the No. 1 position in their respective sectors: 14

This consistent top-tier ranking helps drive commissions and related revenue, which increased 12% year-to-date through Q2 2025.

Evercore Inc. (EVR) - Canvas Business Model: Channels

You're mapping out how Evercore Inc. reaches its clients, and it's a high-touch, relationship-driven approach across its core advisory, equities, and wealth management businesses.

Direct engagement via Senior Managing Directors and advisory teams is the primary conduit for the Investment Banking and Strategic Advisory services. This channel relies heavily on senior expertise to secure and service mandates on matters of strategic and financial significance.

As of the Latest Twelve Months ending Q1 2025, the Investment Banking division had approximately 1,475 IB Bankers globally, supported by 157 IB SMDs (Senior Managing Directors). This direct engagement led to Advisory Fees in the second quarter of 2025 totaling $697,744 thousand. The firm continues to bolster this channel, for example, by announcing the hiring of a new Senior Managing Director in the Healthcare Investment Banking Group in December 2025.

The Global network of Advisory Offices, including recent expansions, provides the physical footprint for this direct service. As of LTM Q1 2025, Evercore maintained 18 IB offices globally across 12 countries where Evercore offices were present. The firm is actively expanding this physical reach, evidenced by appointing leadership for a new Nordic franchise in Stockholm and recent office/hiring activity in EMEA, specifically mentioning France, Spain, Italy, and Dubai. One report notes a total of 28 offices in 11 countries across North America, Europe, South America, and Asia.

The Evercore ISI platform for distributing equity research and trading services acts as a critical channel to institutional investors. This platform's research quality is a key differentiator, as confirmed by industry recognition.

For the 2025 Extel (previously Institutional Investor) All-America Equity Research survey, Evercore ISI was ranked the #1 firm on a weighted basis for the fourth straight year.

• Total of 44 Evercore ISI analysts recognized as Top 3 or Runner-Up in their sectors in the 2025 survey.
• 14 analysts earned the No. 1 position, the most of any firm.
• The 2025 survey results reflect feedback from over 4,400 investment professionals from more than 1,700 asset management firms and institutions.
• Founder and Chairman Ed Hyman maintained the No. 1 rank in Economics for the 44th year.

The Wealth Management offices for high-net-worth client service represent another distinct channel. Evercore Wealth Management, based in New York, services clients through its dedicated offices and affiliates.

Key metrics for this channel as of early 2025 include:

• As of March 31, 2025, Evercore Wealth Management served 752 clients.
• Discretionary Assets Under Management (AUM) for Evercore Wealth Management were reported at $13,827,082,508 as of March 31, 2025.
• Year-to-date Asset Management and Administration Fees increased 10% year-over-year, driven by Wealth Management AUM increasing 10%, primarily from market appreciation.
• The firm expanded its San Francisco office in June 2025.

Here is a snapshot of the scale and performance across these channels as of late 2025 reporting periods:

Channel Metric	Value/Statistic	Period/Date Reference
Investment Banking Advisory Fees (Q2)	$697,744 thousand	Q2 2025
Total Number of Fees from Advisory and Underwriting Client Transactions	245	Q2 2025
IB SMDs Globally	157	LTM Q1 2025
IB Offices Globally	18	LTM Q1 2025
Wealth Management Clients	752	March 31, 2025
Wealth Management AUM	$13,827,082,508	March 31, 2025
Asset Management/Wealth Fees Growth (YTD)	10%	Year-over-Year (Q2 2025)

The firm's overall transaction advisory success is also reflected in the total number of fees of at least $1 million, which was 386 year-to-date June 30, 2025.

Evercore Inc. (EVR) - Canvas Business Model: Customer Segments

You're looking at the core clientele that drives Evercore Inc.'s advisory and wealth management engine as of late 2025. Honestly, the firm's success hinges on keeping these distinct groups happy and engaged with high-level advice.

Large multinational corporations requiring complex strategic advice

This group forms the backbone of the Investment Banking & Equities segment, primarily through Strategic Advisory mandates like mergers, acquisitions, and divestitures. You see their activity reflected directly in the Advisory Fees line item. For the second quarter of 2025, Advisory Fees hit $686.8 million for that single quarter alone. The momentum carried into the third quarter, where the Investment Banking & Equities segment posted net revenues of $1.04 billion. To give you a sense of scale, the firm advised on landmark deals in 2025, such as Calpine's $29.1 billion sale and Ampere's $6.5 billion sale. This segment also serves clients needing Liability Management & Restructuring advice, with Evercore working on 70 US transactions involving over $148 billion in debt in 2024. They are definitely focused on the biggest mandates.

Private equity firms and financial sponsors (a key source of deal flow)

Financial sponsors are crucial because they generate a steady stream of M&A and capital markets work. Evercore's Private Capital Advisory and Fundraising teams are specifically geared toward this segment. While 2025 segment-specific numbers aren't fully broken out yet, we know that in 2024, the firm advised on $60 billion in private capital transactions. This activity falls under the broader Investment Banking & Equities umbrella, which saw its year-to-date Advisory Fees increase by 26% in the first half of 2025 compared to the prior year. The firm's deep bench of Investment Banking Senior Managing Directors, which grew to 159 globally as of June 30, 2025, is heavily engaged with these sponsors.

High-net-worth individuals (HNWIs) for Wealth Management services

This is the core of the Investment Management segment, focusing on wealth management and asset allocation advisory. You want to watch the Assets Under Management (AUM) here; it's a direct indicator of client trust and asset growth. As of September 30, 2025, Evercore Wealth Management LLC reported AUM of $15.4 billion. That represented an 11% year-over-year increase. Looking closer at the client base from a recent filing, out of 4,405 total accounts, 632 were classified as High Net Worth Individuals, accounting for $12.4 billion of the total AUM. The fees generated from this segment are smaller in the grand scheme, with Asset Management and Administration Fees for Q3 2025 reaching $22.7 million. If onboarding takes 14+ days, churn risk rises, but the AUM growth suggests they are managing client acquisition well.

Institutional investors buying equity research and trading execution

Institutional investors utilize Evercore's Equities division for research and agency-based trading execution, which feeds the Commissions and Related Revenue stream. The firm has maintained a strong reputation here; it was ranked the #1 Research Provider among all firms on a weighted basis for the fourth consecutive year as of Q3 2025. This quality drives volume. Commissions and Related Revenue for the second quarter of 2025 increased by 10% year-over-year, directly reflecting higher trading commissions driven by increased trading volume during 2025. For the first half of 2025, year-to-date Commissions and Related Revenue increased by $11.9 million, or 12% year-over-year.

Here's a quick look at the key financial scale for the segments driving these customer groups as of mid-to-late 2025:

Metric	Segment/Client Focus	Latest Reported Value (2025)	Period End Date
Net Revenues (IB & Equities)	Large Corps & Sponsors (Advisory/Trading)	$1.04 billion	Q3 2025
Advisory Fees (YTD)	Large Corps (M&A)	$257.0 million increase	H1 2025
AUM	HNWIs (Wealth Management)	$15.4 billion	Sept. 30, 2025
Asset Management & Admin Fees	HNWIs (Wealth Management)	$22.7 million	Q3 2025
Commissions & Related Revenue (YTD)	Institutional Investors (Trading/Research)	$11.9 million increase	H1 2025

Finance: draft 13-week cash view by Friday.

Evercore Inc. (EVR) - Canvas Business Model: Cost Structure

You know that for a firm like Evercore Inc., which sells high-level advice and services, the cost structure is almost entirely about people. It's defintely a fixed-cost model, or at least one where the largest component is relatively fixed in the short term: compensation. This is where the bulk of your operating expenses go, as you need to pay top-tier talent to generate those advisory fees.

Looking at the Year-to-Date (YTD) through the third quarter of 2025 on a U.S. GAAP basis, the Employee Compensation and Benefits ratio stood at 65.8% of net revenues. That number tells you that for every dollar of revenue Evercore Inc. brought in, nearly 66 cents went straight to paying its employees, including salaries and incentive compensation accruals. For just the third quarter of 2025, the GAAP compensation ratio was slightly better at 65.5%, which was an improvement from 66.5% in the prior year period, helped by higher net revenues.

The other major bucket, Non-Compensation Expenses, which covers things like technology, occupancy, and general administrative needs, was much smaller. For Q3 2025, this category represented 13.7% of the reported U.S. GAAP net revenue. To give you a clearer picture of how these costs stack up against the top line, here's a quick look at the key expense ratios from the Q3 2025 results:

Expense Category (U.S. GAAP)	Q3 2025 Ratio to Net Revenue	YTD Q3 2025 Ratio to Net Revenue
Employee Compensation and Benefits	65.5%	65.8%
Non-Compensation Costs	13.7%	(Data not explicitly provided for YTD in this format)
Total Operating Expenses (TTM ending 9/30/2025)	(Implied from TTM data)	$2.847B

Now, you have to factor in strategic spending, which directly impacts those non-compensation costs and future compensation liabilities. Evercore Inc. is actively investing in capacity, which means higher fixed costs going forward. This is evident in the drivers for the Non-Compensation Costs increase year-over-year, which included higher expenses for technology and information services, like license fees and research services, plus increased travel due to higher business activity and headcount.

The commitment to growth through hiring senior talent is a major cost driver. You saw this play out with the closing of the Robey Warshaw acquisition on October 1, 2025. That strategic move, aimed at strengthening European capabilities, immediately hit the books with $3.516 million in acquisition and transition costs recorded in Q3 2025 alone. Furthermore, the increase in compensation expense in Q3 2025 reflected higher accruals for incentive compensation, higher base salaries, and specifically, higher compensation expense related to senior new hires. This is a conscious decision to spend now to secure future advisory mandates.

The firm's investment in its human capital is ongoing, as evidenced by recent Senior Managing Director (SMD) additions, such as the appointment of Ashish Varshneya to the healthcare investment banking group in December 2025. These high-profile additions are part of a broader strategy to cement Evercore Inc.'s status as a premier global advisory firm by recruiting industry veterans with specialized knowledge. The cost structure reflects this reality:

• Compensation is the dominant cost, hovering in the mid-60s percentage-wise.
• Non-Compensation Costs are being driven up by necessary investments in technology and office space to support the growing headcount.
• Strategic hiring surges, especially at the SMD level, are explicitly mentioned as impacting compensation expense, signaling a willingness to absorb higher fixed costs for perceived future revenue upside.

Finance: draft 13-week cash view by Friday.

Evercore Inc. (EVR) - Canvas Business Model: Revenue Streams

You're looking at the engine room of Evercore Inc., where the money actually comes from, and as of late 2025, that engine is running hot, primarily on deal-making fees.

Advisory Fees are the clear top line driver, showing just how much the market values Evercore's advice on big, complex transactions. For the third quarter ending September 30, 2025, Advisory Fees surged to $883.7 million, marking a massive 49% increase year-over-year. This performance was fueled by revenue from large, complex deals, including advising on the $12.3 billion sale of Dayforce, Inc. to Thoma Bravo.

The overall financial health is reflected in the Trailing Twelve Month (TTM) Net Revenue ending Q3 2025, which stood at $3.54 billion. This represents a 27.03% year-over-year growth for the TTM period.

The total GAAP Net Revenues for the third quarter of 2025 hit $1,038.9 million. This revenue base is diversified across the Investment Banking & Equities segment and the Investment Management segment, as detailed below:

Revenue Stream (Q3 2025 GAAP, in millions)	Amount ($ mm)	Year-over-Year Change
Advisory Fees	$883.712	+49%
Commissions and Related Revenue	$62.816	+15%
Asset Management and Administration Fees	$22.477	+9%
Underwriting Fees	$43.730	Flat
Other Revenue, net	$26.149	+19%

Underwriting and commissions revenue, which falls under the Equity Capital Markets (ECM) services within Investment Banking & Equities, showed mixed results for the quarter.

• Underwriting Fees were flat year-over-year, reported at $43.730 million for Q3 2025. This flatness reflects a lower number of transactions being offset by an increase in the average fee size per transaction.
• Commissions and Related Revenue, driven by higher trading commissions from increased trading volume and higher subscription fees, increased by $8.3 million, reaching $62.816 million in the quarter.

The Investment Management segment contributes through Asset Management and Administration Fees. This revenue stream saw growth, driven by an 11% increase in associated Assets Under Management (AUM), which stood at $15.351 billion as of September 30, 2025. Asset Management and Administration Fees for Q3 2025 were $22.477 million, up 9% year-over-year, which translates to an increase of $1.9 million over the prior year period.