LOS ANGELES, Oct. 11, 2023 — Evoke Advisors, an independent wealth advisory and investment management firm, is pleased to announce that, for the second consecutive year, it was named the No. 1 Registered Investment Advisory (RIA) firm in America by Forbes.
"We are incredibly honored to be acknowledged again by Forbes as the country's top-rated RIA," said David Hou, co-founder and managing partner of Evoke. "Our team understands that to truly serve our clients’ needs, we must take an impassioned and proactive approach that balances clients’ generational investment goals, the highest level of integrity, and a forward-looking entrepreneurial spirit. We are humbled to be included on a list of such distinguished RIAs."
Co-CIO of Evoke Advisors, Damien Bisserier, observed, “Our dedication to providing clients with thoughtfully constructed portfolios and access to some of the highest quality traditional and alternative investments is an important factor in the success of Evoke and is likely reflected in this recognition from Forbes.”
Evoke Advisors specializes in serving both institutional and ultra-high net worth (UHNW) clients, many of them highly successful investment professionals. The firm has recently expanded its services to include high-net worth (HNW) clients, leveraging its significant intellectual capital, strong operations team, and dedication to client service. With approximately $21.7 billion in assets under management as of September 30, 2023, Evoke is led by a proven team of senior advisors and executives with over three decades of experience working together.
The second annual Forbes/Shook Top RIA list includes 250 advisory firms with cumulative assets of more than $1.1 trillion. All RIAs on Forbes list have strong pedigrees when it comes to providing investment guidance to clients and preserving their wealth over the long term. Forbes’ list was compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank member firms.
Additional disclosure for Forbes 2023 Top RIA Firms Award
Evoke Advisors (“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 42,643 nominations—advisors who meet SHOOK’s thresholds. 23,100 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: Methodology: America’s Top RIA Firms 2023 (forbes.com)
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