Wealth manager, independent · Bellevue, WA
Evergreen Capital Management LLC
SEC-registered investment adviser · CRD 104931 · SEC 801-20248
At a glance
Evergreen Capital Management LLC is an SEC-registered investment adviser based in Bellevue, Washington, with $7.2B in regulatory assets under management as of its Form ADV filed March 26, 2026. It reports 1,121 individual clients, 754 of them high-net-worth, holding an average of about $5.8 million each, and 37 employees. That ranks it 149th among the nation’s 5,657 independent wealth management RIAs and 6th of 158 in Washington. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 425-467-4600evergreengavekal.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.2B
- Rank among independent wealth managers
- #149 of 5,657
- Rank among all SEC RIAs
- #1,667 of 17,210
- Rank in Washington
- #6 of 158
- Individual clients
- 1,121
- High-net-worth clients
- 754
- Accounts
- 3,404
- Discretionary
- 100% of AUM
- Employees
- 37
- Advisory staff
- 26
- Offices
- 6
Owners and executives on its Form ADV
- Tyler B. HayMember/chief Executive Officer
- Michael J. WiesmannCustomer Relationship Manager/member
- Jeffrey W. RazoreBrand Development Manager /member
- Olesya S SinitsaMember
- William W. HayChief Compliance Officer/chief Operating Officer
- Jeffrey M. EulbergDirector of Wealth Management and Owner
- Jeffrey B DicksChief Investment Officer
- Jeffrey E. OtisDirector of Private Wealth and Owner
- Mark E. NicolettiManaging Director, Family Office
Custody and brokerage
Broker-dealer
No broker-dealer ties
Evergreen Capital Management LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 754 | $6.2B | 87% |
| Corporations or other businesses | 26 | $359M | 5% |
| Individuals | 367 | $322M | 4% |
| Pooled investment vehicles | 8 | $235M | 3% |
| Pension and profit sharing plans | 2 | $34M | <1% |
Private funds
Evergreen Capital Management LLC reports 8 private funds with $235M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Evergreen Capital Management LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗evergreengavekal.com ↗
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The full record on Evergreen Capital Management LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 577 peers of its type and size
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- 9 namedLocked
- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Washington
All of Washington →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Coldstream Wealth ManagementBellevue | $14B | 4,199 |
| LNWSeattle | $12B | 1,079 |
| Badgley Phelps Wealth ManagersSeattle | $7.3B | 1,282 |
| Threadline WealthBellevue | $5.8B | 1,169 |
| Northwest Asset ManagementMercer Island | $4.1B | 2,758 |
| Parcion Private Wealth LLCBellevue | $3.0B | 165 |
Background
Questions
How much does Evergreen Capital Management LLC manage?
Evergreen Capital Management LLC reports $7.2B in regulatory assets under management across 3,404 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 26, 2026.
How many clients does Evergreen Capital Management LLC have?
It reports 1,121 individual clients: 754 high-net-worth individuals and 367 other individuals. Individuals account for about 91% of its regulatory assets.
Where is Evergreen Capital Management LLC headquartered?
Its main office is in Bellevue, Washington. It reports 6 offices in total and 37 employees, 26 of whom perform investment advisory functions.
How does Evergreen Capital Management LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; performance-based fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Evergreen Capital Management LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 26, 2026, it reports these amounts held: Charles Schwab ($6.9B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Evergreen Capital Management LLC a hybrid RIA with a broker-dealer?
Evergreen Capital Management LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Evergreen Capital Management LLC a fiduciary?
As an SEC-registered investment adviser, Evergreen Capital Management LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Evergreen Capital Management LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-26), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →