Evergreen Wealth Solutions, LLC (Williamsport)

Name: Evergreen Wealth Solutions, LLC
Address: 1000 Commerce Park Drive, Williamsport, PA, 17701
Telephone: 570-601-6960

Evergreen Wealth Solutions, LLC is a large advisory firm based in Williamsport. It manages $153.26 million of regulatory assets for 1,134 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of New York, North Carolina, Ohio, Pennsylvania, and Texas.

Evergreen Wealth Solutions provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Evergreen Wealth Solutions: assets under management

The assets under management (AUM) of Evergreen Wealth Solutions, LLC is $153.26 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $153.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $135.15 thousand each.

Evergreen Wealth Solutions has custody of $2.31 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 45% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evergreen Wealth Solutions, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Evergreen Wealth Solutions serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Evergreen Wealth Solutions is individuals with 417 clients and $93.35 million of assets under management. Among the 8 most similar advisory firms, Evergreen Wealth Solutions has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $153.26 million for 447 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Evergreen Wealth Solutions doesn't advise any private funds.

Careers at Evergreen Wealth Solutions, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew C Harris	Chief compliance officer, managing member	1 Nov 2018	75% - 100%	3242291

Based in Williamsport

The principal office where Evergreen Wealth Solutions, LLC performs its advisory services is located at 1000 Commerce Park Drive, Williamsport, PA 17701, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 570-601-6960. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at egwealth.com.