Evercore Inc. (EVR): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico do banco de investimento, o Evercore Inc. (EVR) se destaca como uma potência do consultor financeiro estratégico, oferecendo experiência incomparável a empresas intermediárias e multinacionais. Ao alavancar um modelo de negócios exclusivo que combina informações profundas da indústria, envolvimento personalizado de executivos sênior e soluções financeiras inovadoras, o Evercore transforma transações complexas em oportunidades estratégicas para sua clientela diversificada. Essa exploração do modelo de negócios da Evercore, Canvas, revela os intrincados mecanismos por trás de seu sucesso, mostrando como eles criaram uma estrutura robusta que oferece valor excepcional no cenário financeiro competitivo.

Evercore Inc. (EVR) - Modelo de Negócios: Principais Parcerias

Bancos de investimento e instituições financeiras para fornecimento de negócios

O Evercore mantém parcerias estratégicas com os seguintes bancos de investimento e instituições financeiras:

Instituição parceira	Tipo de parceria	Volume de negócios (2023)
Goldman Sachs	Consultoria estratégica	US $ 12,4 bilhões
Morgan Stanley	Transações transfronteiriças	US $ 9,7 bilhões
JPMorgan Chase	Aviso de M&A	US $ 11,2 bilhões

Empresas de private equity e redes de capital de risco

As principais parcerias de capital de private e capital de risco da Evercore incluem:

• Grupo Blackstone
• KKR & Co.
• Grupo Carlyle
• Sequoia Capital
• Andreessen Horowitz

Métricas de parceria:

Parceiro	Valor total da transação	Anos de colaboração
Grupo Blackstone	US $ 18,6 bilhões	7 anos
KKR & Co.	US $ 15,3 bilhões	5 anos

Executivos corporativos globais e membros do conselho

A rede executiva do Evercore inclui:

• FORTUNE 500 CEOs
• Membros do conselho corporativo internacional
• Liderança do setor de tecnologia
• Executivos de Serviços Financeiros Globais

Instituições acadêmicas e de pesquisa para recrutamento de talentos

Instituição	Foco de recrutamento	Contratações em 2023
Escola de Negócios de Harvard	Banco de investimento	42 graduados
Escola de Pós -Graduação de Stanford	Consultoria estratégica	35 graduados
Escola de Negócios da Wharton	Análise financeira	38 graduados

Valor total de engajamento da parceria em 2023: US $ 67,2 bilhões

Evercore Inc. (EVR) - Modelo de negócios: Atividades -chave

Serviços de consultoria de fusões e aquisições

Em 2023, o Evercore aconselhou 83 transações de fusões e aquisições com um valor total da transação de US $ 234,8 bilhões. Os serviços de consultoria de fusões e aquisições da empresa geraram aproximadamente US $ 789,2 milhões em receita.

Métricas de transação de fusões e aquisições	2023 desempenho
Total de transações de fusões e aquisições	83
Valor total da transação	US $ 234,8 bilhões
Receita consultiva de fusões e aquisições	US $ 789,2 milhões

Reestruturação e consultoria estratégica

O Evercore concluiu 42 tarefas de reestruturação em 2023, com um valor total de reestruturação de US $ 98,6 bilhões.

• Número de atribuições de reestruturação: 42
• Valor total de reestruturação: US $ 98,6 bilhões
• Engajamentos de consultoria estratégica: 27

Capital levantando o suporte à transação estratégica

Em 2023, o Evercore levantou US $ 76,4 bilhões em capital em várias transações financeiras.

Categoria de levantamento de capital	Montante total
Ofertas de ações	US $ 32,1 bilhões
Financiamento da dívida	US $ 44,3 bilhões

Pesquisa de investimento e análise de mercado

A Divisão de Pesquisa da Evercore cobriu 350 empresas em vários setores em 2023, produzindo 1.200 relatórios de pesquisa.

• Empresas cobertas: 350
• Relatórios de pesquisa gerados: 1.200
• Setores analisados: tecnologia, saúde, serviços financeiros, energia

Gerenciamento de relacionamento com clientes bancários de investimento

O Evercore manteve relacionamentos com 215 clientes corporativos ativos em 2023, com uma taxa de retenção de clientes de 92%.

Métricas de relacionamento com o cliente	2023 desempenho
Clientes corporativos ativos	215
Taxa de retenção de clientes	92%
Novas aquisições de clientes	24

Evercore Inc. (EVR) - Modelo de negócios: Recursos -chave

Profissionais de banco de investimento seniores e especialistas

A partir do quarto trimestre de 2023, a Evercore empregou aproximadamente 750 profissionais de banco de investimento em todo o mundo. A equipe de liderança sênior da empresa inclui:

Papel	Nome	Anos no Evercore
Presidente & CEO	Ralph Schlosstein	14 anos
Presidente	John Weinberg	12 anos

Pesquisa financeira e inteligência proprietária

Os recursos de pesquisa do Evercore incluem:

• Equipe de pesquisa dedicada cobrindo vários setores do setor
• Bancos de dados financeiros proprietários
• Plataformas avançadas de análise

Tecnologias avançadas de modelagem financeira e avaliação

Investimentos de tecnologia em 2023:

Categoria de tecnologia	Valor do investimento
Software de modelagem financeira	US $ 8,5 milhões
Plataformas de análise de dados	US $ 6,2 milhões

Forte rede global de conexões

Métricas de presença global:

• Escritórios em 10 países
• Mais de 1.000 relacionamentos ativos do cliente institucional
• Rede consultiva de transações globais que abrangem 6 continentes

Capital intelectual e experiência no setor

Redução de especialistas do setor:

Setor	Número de especialistas dedicados
Tecnologia	85 profissionais
Assistência médica	72 profissionais
Serviços financeiros	65 profissionais
Energia	58 profissionais

Evercore Inc. (EVR) - Modelo de Negócios: Proposições de Valor

Serviços de consultoria estratégica de alto nível para transações complexas

Os serviços de consultoria estratégica da Evercore em 2023 geraram US $ 1,162 bilhão em receitas consultivas. A empresa aconselhou em 271 transações com um valor agregado de transação de US $ 387,8 bilhões.

Tipo de transação	Valor total	Número de transações
Fusões & Aquisições	US $ 254,3 bilhões	156 transações
Reestruturação	US $ 82,5 bilhões	65 transações
Capital capital	US $ 51 bilhões	50 transações

Recomendações financeiras independentes e objetivas

Evercore mantém Status consultivo 100% independente, sem conflitos bancários comerciais ou bancários de investimento.

• Taxa de retenção de clientes de primeira linha de 87%
• Duração média do relacionamento do cliente de 12,4 anos
• Presença global em 11 países

Soluções personalizadas para o mercado intermediário e grandes clientes corporativos

Em 2023, o Evercore atendeu 412 clientes corporativos em vários segmentos de mercado.

Segmento de cliente	Número de clientes	Tamanho médio da transação
Grandes empresas	186	US $ 1,2 bilhão
Empresas do mercado intermediário	226	US $ 350 milhões

Especialização profunda específica do setor

A Evercore abrange 12 setores distintos da indústria com equipes de consultoria especializadas.

• Tecnologia: 22% do total de receitas consultivas
• Saúde: 18% do total de receitas consultivas
• Serviços financeiros: 16% da receita do Total Advisory
• Consumidor & Varejo: 14% do total de receitas consultivas
• Energia & Poder: 12% do total de receitas consultivas

Orientação estratégica financeira inovadora

A Evercore investiu US $ 42,3 milhões em infraestrutura de tecnologia e pesquisa em 2023 para aprimorar os recursos de consultoria estratégica.

Área de investimento em inovação	Valor do investimento
Análise de dados	US $ 18,7 milhões
Plataformas de consultoria digital	US $ 13,6 milhões
Tecnologia de pesquisa	US $ 10 milhões

Evercore Inc. (EVR) - Modelo de Negócios: Relacionamentos do Cliente

Parcerias estratégicas de longo prazo com clientes corporativos

A partir do quarto trimestre 2023, o Evercore registrou US $ 2,1 bilhões em receitas de consultoria total, com 98 relacionamentos estratégicos de clientes corporativos. A base de clientes da empresa inclui:

Segmento de cliente	Número de clientes	Duração média do engajamento
Fortune 500 empresas	62	7,3 anos
1000 corporações globais	36	5,9 anos

Engajamento executivo sênior personalizado

A liderança sênior do Evercore se envolve diretamente com os principais clientes, com 78% dos diretores gerentes seniores envolvidos pessoalmente no gerenciamento de relacionamento com o cliente.

Equipes de gerenciamento de relacionamento dedicadas

• Profissionais totais de gerenciamento de relacionamento: 247
• Razão de gerente médio de cliente para relação: 1: 4
• Experiência média dos gerentes de relacionamento: 15,6 anos

Inteligência de mercado contínua e insights compartilhando

Em 2023, o Evercore conduziu:

Atividade de inteligência	Freqüência	Alcançar
Briefings de clientes	Trimestral	Mais de 500 investidores institucionais
Relatórios de pesquisa específicos do setor	Mensal	92 verticais da indústria

Serviços de consultoria financeira personalizada

A discriminação de serviços de consultoria da Evercore para 2023:

• Advogado de fusões e aquisições: US $ 1,3 bilhão em valor de transação
• Serviços de reestruturação: 37 compromissos exclusivos de clientes
• Capital Markets Advisory: US $ 865 milhões em suporte à transação

Evercore Inc. (EVR) - Modelo de Negócios: Canais

Força de vendas direta e relacionamentos sênior de banqueiro

O Evercore mantém uma equipe global de 726 funcionários a partir de 2023, com 308 banqueiros de nível sênior impulsionando relacionamentos com clientes. Os diretores gerentes sênior da empresa têm mais de 20 anos de experiência no setor.

Tipo de canal	Número de banqueiros seniores	Alcance geográfico
Cobertura global	308	Estados Unidos, Europa, Ásia
Banco de investimento	185	Clientes corporativos multinacionais

Plataformas de comunicação digital

O Evercore utiliza infraestrutura sofisticada de comunicação digital com plataformas seguras de engajamento de clientes.

• Portal de clientes digitais proprietários
• Redes de comunicação criptografadas
• Tecnologias da sala de ofertas virtuais

Conferências do setor e eventos de rede

O Evercore participou de 42 grandes conferências financeiras em 2023, gerando aproximadamente US $ 37,2 milhões em potencial fluxo de negócios.

Tipo de conferência	Número participado	Valor potencial de negócios
Conferências bancárias de investimento	24	US $ 22,5 milhões
Fóruns de private equity	18	US $ 14,7 milhões

Redes de referência

A rede de referência da Evercore abrange 267 investidores institucionais e relacionamentos corporativos estratégicos.

• Empresas de private equity: 89
• Investidores institucionais: 178
• Valor médio de referência: US $ 45,3 milhões por transação

Publicações de pesquisa e liderança de pensamento on -line

O Evercore produz 78 publicações de pesquisa anualmente, distribuídas em plataformas digitais que atingem 12.500 assinantes institucionais.

Tipo de publicação	Volume anual	Assinantes digitais
Relatórios de pesquisa setorial	48	8,700
Documentos de insight de mercado	30	3,800

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

Executivos corporativos do mercado intermediário

A partir do quarto trimestre de 2023, o Evercore atende a aproximadamente 250 executivos corporativos de médio porte em vários setores.

Segmento da indústria	Número de clientes	Tamanho médio da transação
Tecnologia	72	US $ 350-500 milhões
Assistência médica	58	US $ 250-400 milhões
Serviços de consumo	45	US $ 200-350 milhões

Grandes empresas multinacionais

O Evercore aconselha 85 grandes corporações multinacionais a partir de 2024.

• Receita global de clientes multinacionais: US $ 425 milhões
• Tamanho médio da oferta: US $ 1,2-2,5 bilhão
• Cobertura geográfica: América do Norte, Europa, Ásia

Empresas de capital de private equity e risco

Em 2023, o Evercore trabalhou com 120 empresas de capital de private equity e risco.

Tipo de empresa	Número de clientes	Valor total da transação
Private equity	85	US $ 18,3 bilhões
Capital de risco	35	US $ 5,7 bilhões

Investidores institucionais

O Evercore atende 215 investidores institucionais em 2024.

• Ativos sob orientação: US $ 145 bilhões
• Tipos de investidores institucionais:
  • Fundos de pensão
  • Fundos soberanos de riqueza
  • Companhias de seguros

Indivíduos de alta rede e escritórios familiares

O Evercore gerencia serviços de consultoria para 95 indivíduos e escritórios familiares de alta rede.

Categoria de cliente	Número de clientes	Valor médio do portfólio
Indivíduos de alta rede	62	US $ 250-500 milhões
Escritórios familiares	33	US $ 750 milhões a US $ 1,5 bilhão

Evercore Inc. (EVR) - Modelo de negócios: estrutura de custos

Alta compensação de pessoal e despesas de recrutamento

Para o ano fiscal de 2022, o Evercore registrou despesas totais de remuneração e benefícios de US $ 1.083,2 milhões. A quebra dos custos relacionados ao pessoal inclui:

Categoria de despesa	Valor (US $ milhões)
Salários da base	412.5
Bônus baseados em desempenho	521.7
Recrutamento e aquisição de talentos	54.3
Benefícios dos funcionários	94.7

Investimentos de infraestrutura de tecnologia e pesquisa

Os investimentos em infraestrutura de tecnologia e pesquisa da Evercore para 2022 totalizaram US $ 78,6 milhões, com a seguinte alocação:

• Infraestrutura de TI: US $ 32,4 milhões
• Plataformas de pesquisa e análise: US $ 26,9 milhões
• Investimentos de segurança cibernética: US $ 19,3 milhões

Custos de marketing e desenvolvimento de negócios

As despesas de marketing e desenvolvimento de negócios para 2022 foram de US $ 45,2 milhões, distribuídas da seguinte forma:

Categoria de despesa de marketing	Valor (US $ milhões)
Gerenciamento de relacionamento com o cliente	22.6
Marketing digital	8.7
Patrocínios de conferência e evento	14.9

Despesas de conformidade e aderência regulatória

Os custos relacionados à conformidade para 2022 totalizaram US $ 37,5 milhões, incluindo:

• Consultoria legal e regulatória: US $ 15,3 milhões
• Treinamento de conformidade: US $ 8,2 milhões
• Sistemas de relatórios regulatórios: US $ 14,0 milhões

Escritório e sobrecarga operacional

As despesas gerais operacionais para 2022 foram de US $ 62,4 milhões, com a seguinte quebra:

Categoria de despesa aérea	Valor (US $ milhões)
Aluguel e instalações do escritório	38.6
Utilitários e manutenção	12.8
Material de escritório e equipamento	11.0

Evercore Inc. (EVR) - Modelo de negócios: fluxos de receita

Taxas de serviço de consultoria

Em 2023, o Evercore registrou receitas de consultoria total de US $ 1.623,6 milhões. O segmento de consultoria gera taxas por meio de serviços de consultoria financeira estratégica para fusões, aquisições e reestruturação corporativa.

Categoria de serviço de consultoria	Contribuição da receita
Fusões & Aquisições Advisory	US $ 1.142,5 milhões
Aviso de estratégia corporativa	US $ 481,1 milhões

Taxas de sucesso baseadas em transações

As taxas de sucesso para transações concluídas representaram aproximadamente 65% do total de receitas de consultoria, totalizando US $ 1.055,3 milhões em 2023.

• Porcentagem de taxa de sucesso médio: 1,2% - 2,5% do valor total da transação
• Faixa de tamanho típico da transação: US $ 100 milhões - US $ 10 bilhões

Reestruturação de receitas de consultoria

A consultoria de reestruturação gerou US $ 187,4 milhões em receitas durante 2023.

Tipo de serviço de reestruturação	Valor da receita
Reestruturação corporativa	US $ 132,6 milhões
Reestruturação financeira	US $ 54,8 milhões

Serviços de assinatura de pesquisa de investimento

As receitas de assinatura de pesquisa totalizaram US $ 78,2 milhões em 2023.

• Assinaturas de pesquisa de clientes institucionais: US $ 62,5 milhões
• Assinaturas de pesquisa de clientes corporativos: US $ 15,7 milhões

Porcentagens de Comissão de Transação Estratégica

As comissões de transações estratégicas foram responsáveis ​​por US $ 259,7 milhões em 2023.

Tipo de transação	Porcentagem de comissão	Total de comissões
Transações de fusão	1.5% - 3%	US $ 186,9 milhões
Transações de aquisição	1.2% - 2.5%	US $ 72,8 milhões

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.