The firm was founded in 2008 by Roger Altman, founder of Evercore, and Jeff Maurer, former chief executive officer of U.S. Trust. Maurer was accompanied by 17 of his former colleagues at U.S. Trust who left the company after it was sold by the Charles Schwab Corporation to the Bank of America in 2006. As of December 31, 2019, Evercore Wealth Management had 91 partners and other employees, offices in New York City, San Francisco, Los Angeles, Tampa, Minneapolis, and Palm Beach, and US$9.1 billion in client assets under management. Personal trust services are provided through Evercore Trust Company, N.A, a Delaware-based national trust bank. In 2019, Chris Zander was appointed President of Evercore Wealth Management and Evercore Trust Company, N.A., reporting to CEO Maurer. As of January 2, 2020, Zander succeeded Maurer as CEO, while Maurer remained as Chairman.
Acquisitions and expansions
On May 4, 2010, the firm completed the acquisition of Morse, Williams and Company, Inc., a registered investment advisor. In a related transaction, the firm acquired The Wall Street Fund, "WALLX", a mutual fund launched on December 23, 1945. The name of the fund was subsequently changed to The Evercore Equity Fund, "EWMCX". In 2011, the firm opened an office in Minneapolis, Minnesota. Six former advisors of a local business unit owned by Wells Fargo left and joined Evercore as partners. On November 7, 2012, the firm announced its acquisition of Mt. Eden Investment Advisors, a San Francisco-based wealth management firm. The latter firm had US$645 million in client assets. Its acquisition was complete on December 28 of the same year. On April 7, 2013, Evercore Wealth Management opened a new office in Tampa, Florida - its first in the state - and named three new partners. This move is intended to increase the firm's service for clients in Florida and the southeast United States. On February 11, 2016, the firm announced the opening of the Evercore Trust Company of Delaware in Wilmington, Delaware, citing the state's "tax and regulatory environment" as "an attractive jurisdiction for many of our clients". On August 14, 2018, a new office opened in Palm Beach, Florida.
