Evoke tops the list of 100 industry leaders on the magazine's inaugural list
LOS ANGELES, Oct. 25, 2022 — Evoke Advisors, an independent wealth advisory and investment management firm with approximately $21.8 billion in assets under management as of 9/30/22, today announced it was named the No. 1 Registered Investment Advisory (RIA) firm in America by Forbes.
"We are incredibly honored to be acknowledged by Forbes as the country's top RIA," said David Hou, Evoke's Managing Partner. "Our team understands that to truly serve our clients’ needs, we must take an impassioned and proactive approach to innovation that combines their generational goals with a forward-looking entrepreneurial spirit. We are humbled to be included on a list of other distinguished RIAs."
Evoke Advisors specializes in serving institutional and ultra-high net worth (“UHNW”) clients, many of whom are highly successful investment professionals. The firm seamlessly services its institutional and UHNW clients through its exceptional investment and operational capabilities with unwavering dedication to client service.
The inaugural Forbes/Shook Top RIA list has 100 advisory firms with cumulative assets of $730 billion. All are helmed by professionals who have decades of experience with proven track records of seeing clients through market turmoil. Forbes’ list was compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank member firms.1,2
"We are forever indebted to our clients and grateful for our Evoke team, business partners and friends for supporting our firm," Hou added.
Additional disclosure for Forbes 2022 Top RIA Firms Award
Evoke Wealth, LLC (“Evoke”) is not affiliated with Forbes or SHOOK Research, LLC (“SHOOK”) and has not received compensation from nor provided compensation to Forbes or SHOOK. This ranking should not be interpreted as an endorsement and no ranking or award implies any level of skill or training. The ranking is not indicative of Evoke’s past or future performance. The opinions of clients who responded to any surveys included in the rankings may not be representative of the experience of other clients.
Forbes’ list was compiled by SHOOK, which uses quantitative and qualitative data, including interviews, to rank member firms. SHOOK performs deep due diligence as the basis for its rankings. The Forbes ranking of America’s Top RIA Firms, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data. The algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings. SHOOK scours the financial services industry for nominations. SHOOK accepts advisors who meet pre-determined minimum thresholds and acceptable compliance records. As of this date, SHOOK has received nearly 36,535 nominations—advisors who meet SHOOK’s thresholds. 21,116 of these nominees have taken an online survey. SHOOK Research creates rankings of role models—firms that are leading the way in offering best practices and providing a high-quality experience for clients. A focus on both quantitative and qualitative factors, including telephone and in-person meetings, is imperative. For more details on the ranking methodology, please visit: https://www.forbes.com/sites/rjshook/2022/10/25/methodology-americas-top-ria-firms-2022/?sh=6051531a17d9.
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