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Evoke Wealth Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Evoke Wealth, also known as Evoke Advisors, is a fee-only firm located in Los Angeles overseeing billions of dollars in investable assets for hundreds of clients. Evoke also appears on SmartAsset's ranking of the top financial advisors in Los Angeles.

The firm's advisory team holds multiple certifications, including certified financial planner (CFP), chartered retirement planning counselor (CRPC) and certified investment management analyst (CIMA) designations.

As for Evoke’s compensation arrangements, the firm charges asset-based fees and fixed fees.

Evoke Wealth Background

Evoke Wealth was established in 2019. The registered investment advisor (RIA) specializes in several different types of wealth management services, and it serves a wide range of individual and institutional clients. 

Evoke is principally owned by David Hou and Mark Sear, the managing partners at the firm.

Evoke Wealth Client Types and Minimum Account Sizes

Evoke Wealth manages the assets of high-net-worth individuals and institutional clients that include pooled investment vehicles, retirement funds, charities and corporations. 

The firm doesn’t have a minimum account size requirement.

Services Offered by Evoke Wealth 

Evoke offers the following advisory services:

  • Portfolio management
  • Financial planning
    • Estate planning
    • Savings planning
    • Educational fund planning
    • Cash flow analysis
    • Retirement planning
  • Pension consulting
  • Selection of other advisors
  • Educational seminars

Evoke Wealth Investment Philosophy 

Evoke says in its SEC-filed brochure that its investment strategies typically "emphasize long-term ownership of a diversified portfolio of marketable and non-marketable investments intended to provide superior after-tax, inflation-adjusted, economic returns. The firm also provides diversification through multiple asset classes, market capitalizations, market styles and geographic regions. 

Evoke primarily invests in equities, corporate bonds, U.S. government and municipal debt securities, mutual funds, closed-end funds (CEFs), exchange-traded funds (ETFs), structured products, warrants, commercial paper, certificates of deposit (CDs), options contracts and interests in limited partnerships.

Evoke Wealth Fees

Evoke’s annual advisory fees generally range between 0.75% and 1.00% of each client's assets under management. These fees are payable on a quarterly basis, in arrears.

What to Watch Out For

Evoke Wealth doesn’t have any disclosures listed on its Form ADV. The firm also uses a fee-only compensation structure. This means its advisors do not sell financial products and services for commissions. Instead, the firm's revenue comes from client-paid fees, not third-party firms. 

Opening an Account With Evoke Wealth

If you’re thinking about investing with Evoke Wealth, you can set up an appointment by visiting the firm’s Los Angeles office, or you can call a representative at (424) 372-1777.

All information is accurate as of the writing of this article.

Investing Tips for Beginners

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you’d like a better idea of how much money your investments could potentially generate over time, our investment calculator can help. You’ll just need to enter in your initial investment amount, additional contributions and more.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research