Evercore Inc. (EVR): Business Model Canvas

In der dynamischen Welt des Investmentbankings sticht Evercore Inc. (EVR) als Kraftpaket für strategische Finanzberatung hervor und bietet mittelständischen und multinationalen Konzernen beispiellose Expertise. Durch die Nutzung eines einzigartigen Geschäftsmodells, das tiefe Branchenkenntnisse, personalisiertes Engagement von Führungskräften und innovative Finanzlösungen kombiniert, verwandelt Evercore komplexe Transaktionen in strategische Chancen für seine vielfältige Kundschaft. Diese Untersuchung des Business Model Canvas von Evercore enthüllt die komplizierten Mechanismen hinter ihrem Erfolg und zeigt, wie sie ein robustes Rahmenwerk aufgebaut haben, das in der wettbewerbsintensiven Finanzlandschaft einen außergewöhnlichen Mehrwert bietet.

Evercore Inc. (EVR) – Geschäftsmodell: Wichtige Partnerschaften

Investmentbanken und Finanzinstitute für Deal Sourcing

Evercore unterhält strategische Partnerschaften mit folgenden Investmentbanken und Finanzinstituten:

Partnerinstitution	Partnerschaftstyp	Dealvolumen (2023)
Goldman Sachs	Strategische Beratung	12,4 Milliarden US-Dollar
Morgan Stanley	Grenzüberschreitende Transaktionen	9,7 Milliarden US-Dollar
JPMorgan Chase	M&A-Beratung	11,2 Milliarden US-Dollar

Private-Equity-Firmen und Risikokapitalnetzwerke

Zu den wichtigsten Private-Equity- und Risikokapitalpartnerschaften von Evercore gehören:

• Blackstone-Gruppe
• KKR & Co.
• Carlyle-Gruppe
• Sequoia-Hauptstadt
• Andreessen Horowitz

Partnerschaftskennzahlen:

Partner	Gesamttransaktionswert	Jahre der Zusammenarbeit
Blackstone-Gruppe	18,6 Milliarden US-Dollar	7 Jahre
KKR & Co.	15,3 Milliarden US-Dollar	5 Jahre

Führungskräfte und Vorstandsmitglieder globaler Unternehmen

Zum Führungskräftenetzwerk von Evercore gehören:

• CEOs der Fortune 500
• Vorstandsmitglieder internationaler Unternehmen
• Führung im Technologiesektor
• Globale Führungskräfte im Finanzdienstleistungsbereich

Akademische und Forschungseinrichtungen für die Talentrekrutierung

Institution	Rekrutierungsfokus	Einstellungen im Jahr 2023
Harvard Business School	Investmentbanking	42 Absolventen
Stanford Graduate School of Business	Strategische Beratung	35 Absolventen
Wharton School of Business	Finanzanalyse	38 Absolventen

Gesamtwert des Partnerschaftsengagements im Jahr 2023: 67,2 Milliarden US-Dollar

Evercore Inc. (EVR) – Geschäftsmodell: Hauptaktivitäten

Beratungsdienste bei Fusionen und Übernahmen

Im Jahr 2023 beriet Evercore bei 83 M&A-Transaktionen mit einem Gesamttransaktionswert von 234,8 Milliarden US-Dollar. Die M&A-Beratungsdienste des Unternehmens erwirtschafteten einen Umsatz von rund 789,2 Millionen US-Dollar.

M&A-Transaktionskennzahlen	Leistung 2023
Gesamte M&A-Transaktionen	83
Gesamttransaktionswert	234,8 Milliarden US-Dollar
M&A-Beratungserlöse	789,2 Millionen US-Dollar

Restrukturierung und strategische Beratung

Evercore hat im Jahr 2023 42 Restrukturierungsaufträge mit einem Gesamtrestrukturierungswert von 98,6 Milliarden US-Dollar abgeschlossen.

• Anzahl der Restrukturierungsaufträge: 42
• Gesamtwert der Umstrukturierung: 98,6 Milliarden US-Dollar
• Strategische Beratungsmandate: 27

Kapitalbeschaffung und strategische Transaktionsunterstützung

Im Jahr 2023 hat Evercore durch verschiedene Finanztransaktionen Kapital in Höhe von 76,4 Milliarden US-Dollar eingesammelt.

Kategorie „Kapitalbeschaffung“.	Gesamtbetrag
Aktienangebote	32,1 Milliarden US-Dollar
Schuldenfinanzierung	44,3 Milliarden US-Dollar

Investmentforschung und Marktanalyse

Die Forschungsabteilung von Evercore deckte im Jahr 2023 350 Unternehmen aus verschiedenen Sektoren ab und erstellte 1.200 Forschungsberichte.

• Abgedeckte Unternehmen: 350
• Erstellte Forschungsberichte: 1.200
• Analysierte Sektoren: Technologie, Gesundheitswesen, Finanzdienstleistungen, Energie

Kundenbeziehungsmanagement im Investment Banking

Evercore unterhielt im Jahr 2023 Beziehungen zu 215 aktiven Firmenkunden mit einer Kundenbindungsrate von 92 %.

Kennzahlen zur Kundenbeziehung	Leistung 2023
Aktive Firmenkunden	215
Kundenbindungsrate	92%
Neukundenakquise	24

Evercore Inc. (EVR) – Geschäftsmodell: Schlüsselressourcen

Erfahrene Investmentbanking-Experten und -Experten

Im vierten Quartal 2023 beschäftigte Evercore weltweit etwa 750 Investmentbanking-Experten. Zum Führungsteam des Unternehmens gehören:

Rolle	Name	Jahre bei Evercore
Vorsitzender & CEO	Ralph Schlossstein	14 Jahre
Präsident	John Weinberg	12 Jahre

Eigene Finanzforschung und Informationen

Zu den Forschungskapazitäten von Evercore gehören:

• Engagiertes Forschungsteam, das mehrere Branchen abdeckt
• Proprietäre Finanzdatenbanken
• Erweiterte Analyseplattformen

Fortschrittliche Finanzmodellierungs- und Bewertungstechnologien

Technologieinvestitionen im Jahr 2023:

Kategorie „Technologie“.	Investitionsbetrag
Finanzmodellierungssoftware	8,5 Millionen US-Dollar
Datenanalyseplattformen	6,2 Millionen US-Dollar

Starkes globales Netzwerk von Verbindungen

Kennzahlen zur globalen Präsenz:

• Niederlassungen in 10 Ländern
• Über 1.000 aktive institutionelle Kundenbeziehungen
• Globales Transaktionsberatungsnetzwerk auf 6 Kontinenten

Intellektuelles Kapital und Branchenexpertise

Aufschlüsselung der Branchenexpertise:

Sektor	Anzahl engagierter Experten
Technologie	85 Profis
Gesundheitswesen	72 Profis
Finanzdienstleistungen	65 Profis
Energie	58 Profis

Evercore Inc. (EVR) – Geschäftsmodell: Wertversprechen

Strategische Beratungsleistungen auf hohem Niveau für komplexe Transaktionen

Die strategischen Beratungsdienstleistungen von Evercore generierten im Jahr 2023 Beratungseinnahmen in Höhe von 1,162 Milliarden US-Dollar. Das Unternehmen beriet bei 271 Transaktionen mit einem Gesamttransaktionswert von 387,8 Milliarden US-Dollar.

Transaktionstyp	Gesamtwert	Anzahl der Transaktionen
Fusionen & Akquisitionen	254,3 Milliarden US-Dollar	156 Transaktionen
Umstrukturierung	82,5 Milliarden US-Dollar	65 Transaktionen
Kapitalbeschaffung	51 Milliarden Dollar	50 Transaktionen

Unabhängige und objektive Finanzempfehlungen

Evercore behauptet 100 % unabhängiger Beraterstatus, ohne Commercial-Banking- oder Investment-Banking-Konflikte.

• Kundenbindungsrate der Spitzenklasse von 87 %
• Durchschnittliche Kundenbeziehungsdauer von 12,4 Jahren
• Globale Präsenz in 11 Ländern

Maßgeschneiderte Lösungen für mittelständische und große Firmenkunden

Im Jahr 2023 betreute Evercore 412 Firmenkunden in verschiedenen Marktsegmenten.

Kundensegment	Anzahl der Kunden	Durchschnittliche Transaktionsgröße
Große Unternehmen	186	1,2 Milliarden US-Dollar
Mittelständische Unternehmen	226	350 Millionen Dollar

Tiefgreifende branchenspezifische Expertise

Evercore deckt 12 verschiedene Branchen mit spezialisierten Beratungsteams ab.

• Technologie: 22 % der gesamten Beratungseinnahmen
• Gesundheitswesen: 18 % der gesamten Beratungseinnahmen
• Finanzdienstleistungen: 16 % der gesamten Beratungseinnahmen
• Verbraucher & Einzelhandel: 14 % der gesamten Beratungseinnahmen
• Energie & Leistung: 12 % der gesamten Beratungseinnahmen

Innovative finanzielle strategische Beratung

Evercore investierte im Jahr 2023 42,3 Millionen US-Dollar in Technologie- und Forschungsinfrastruktur, um die strategischen Beratungskapazitäten zu verbessern.

Bereich Innovationsinvestitionen	Investitionsbetrag
Datenanalyse	18,7 Millionen US-Dollar
Digitale Beratungsplattformen	13,6 Millionen US-Dollar
Forschungstechnologie	10 Millionen Dollar

Evercore Inc. (EVR) – Geschäftsmodell: Kundenbeziehungen

Langfristige strategische Partnerschaften mit Firmenkunden

Im vierten Quartal 2023 meldete Evercore einen Gesamtumsatz aus Beratungsdienstleistungen in Höhe von 2,1 Milliarden US-Dollar 98 strategische Firmenkundenbeziehungen. Zum Kundenstamm des Unternehmens gehören:

Kundensegment	Anzahl der Kunden	Durchschnittliche Engagementdauer
Fortune-500-Unternehmen	62	7,3 Jahre
Global 1000 Unternehmen	36	5,9 Jahre

Personalisiertes Engagement von Führungskräften

Die Geschäftsleitung von Evercore arbeitet direkt mit wichtigen Kunden zusammen 78 % der leitenden Geschäftsführer sind persönlich am Kundenbeziehungsmanagement beteiligt.

Dedizierte Relationship-Management-Teams

• Gesamtzahl der Relationship-Management-Experten: 247
• Durchschnittliches Kunden-zu-Beziehungsmanager-Verhältnis: 1:4
• Durchschnittliche Erfahrung der Kundenbetreuer: 15,6 Jahre

Kontinuierlicher Austausch von Marktinformationen und Erkenntnissen

Im Jahr 2023 führte Evercore Folgendes durch:

Geheimdienstaktivität	Häufigkeit	Reichweite
Kundenbesprechungen	Vierteljährlich	Über 500 institutionelle Anleger
Branchenspezifische Forschungsberichte	Monatlich	92 Branchen

Maßgeschneiderte Finanzberatungsdienste

Aufschlüsselung der Beratungsleistungen von Evercore für 2023:

• M&A-Beratung: 1,3 Milliarden US-Dollar Transaktionswert
• Restrukturierungsdienstleistungen: 37 einzigartige Kundenaufträge
• Kapitalmarktberatung: 865 Millionen US-Dollar an Transaktionsunterstützung

Evercore Inc. (EVR) – Geschäftsmodell: Kanäle

Direktvertrieb und Beziehungen zu Senior-Bankern

Evercore unterhält ab 2023 ein globales Team von 726 Mitarbeitern, wobei 308 hochrangige Banker die Kundenbeziehungen vorantreiben. Die leitenden Geschäftsführer des Unternehmens verfügen im Durchschnitt über mehr als 20 Jahre Branchenerfahrung.

Kanaltyp	Anzahl der Senior Banker	Geografische Reichweite
Globale Abdeckung	308	Vereinigte Staaten, Europa, Asien
Investmentbanking	185	Multinationale Firmenkunden

Digitale Kommunikationsplattformen

Evercore nutzt eine hochentwickelte digitale Kommunikationsinfrastruktur mit sicheren Plattformen zur Kundenbindung.

• Proprietäres digitales Kundenportal
• Verschlüsselte Kommunikationsnetze
• Virtuelle Deal-Room-Technologien

Branchenkonferenzen und Networking-Events

Evercore nahm im Jahr 2023 an 42 großen Finanzkonferenzen teil und generierte einen potenziellen Dealflow von etwa 37,2 Millionen US-Dollar.

Konferenztyp	Anzahl der Anwesenden	Potenzieller Dealwert
Investmentbanking-Konferenzen	24	22,5 Millionen US-Dollar
Private-Equity-Foren	18	14,7 Millionen US-Dollar

Empfehlungsnetzwerke

Das Empfehlungsnetzwerk von Evercore umfasst 267 institutionelle Investoren und strategische Unternehmensbeziehungen.

• Private-Equity-Firmen: 89
• Institutionelle Anleger: 178
• Durchschnittlicher Empfehlungswert: 45,3 Millionen US-Dollar pro Transaktion

Veröffentlichungen zu Online-Forschung und Thought-Leadership

Evercore produziert jährlich 78 Forschungspublikationen, die über digitale Plattformen verteilt werden und 12.500 institutionelle Abonnenten erreichen.

Veröffentlichungstyp	Jahresvolumen	Digitale Abonnenten
Branchenforschungsberichte	48	8,700
Markteinblickspapiere	30	3,800

Evercore Inc. (EVR) – Geschäftsmodell: Kundensegmente

Führungskräfte im Mittelstand

Im vierten Quartal 2023 betreut Evercore rund 250 Führungskräfte mittelständischer Unternehmen aus verschiedenen Branchen.

Branchensegment	Anzahl der Kunden	Durchschnittliche Transaktionsgröße
Technologie	72	350-500 Millionen US-Dollar
Gesundheitswesen	58	250-400 Millionen Dollar
Verbraucherdienste	45	200-350 Millionen Dollar

Große multinationale Unternehmen

Evercore berät ab 2024 85 große multinationale Konzerne.

• Weltweiter Umsatz mit multinationalen Kunden: 425 Millionen US-Dollar
• Durchschnittliche Transaktionsgröße: 1,2–2,5 Milliarden US-Dollar
• Geografische Abdeckung: Nordamerika, Europa, Asien

Private Equity- und Risikokapitalfirmen

Im Jahr 2023 arbeitete Evercore mit 120 Private-Equity- und Risikokapitalunternehmen zusammen.

Firmentyp	Anzahl der Kunden	Gesamttransaktionswert
Private Equity	85	18,3 Milliarden US-Dollar
Risikokapital	35	5,7 Milliarden US-Dollar

Institutionelle Anleger

Evercore betreut im Jahr 2024 215 institutionelle Anleger.

• Beratenes Vermögen: 145 Milliarden US-Dollar
• Arten institutioneller Anleger:
  • Pensionsfonds
  • Staatsfonds
  • Versicherungsunternehmen

Vermögende Privatpersonen und Family Offices

Evercore verwaltet Beratungsdienstleistungen für 95 vermögende Privatpersonen und Family Offices.

Kundenkategorie	Anzahl der Kunden	Durchschnittlicher Portfoliowert
Vermögende Privatpersonen	62	250-500 Millionen Dollar
Familienbüros	33	750 bis 1,5 Milliarden US-Dollar

Evercore Inc. (EVR) – Geschäftsmodell: Kostenstruktur

Hohe Personalvergütung und Rekrutierungskosten

Für das Geschäftsjahr 2022 meldete Evercore einen Gesamtaufwand für Vergütungen und Sozialleistungen in Höhe von 1.083,2 Millionen US-Dollar. Die Personalaufwendungen gliedern sich wie folgt auf:

Ausgabenkategorie	Betrag (in Millionen US-Dollar)
Grundgehälter	412.5
Leistungsbasierte Boni	521.7
Rekrutierung und Talentakquise	54.3
Leistungen an Arbeitnehmer	94.7

Investitionen in Technologie und Forschungsinfrastruktur

Die Investitionen von Evercore in Technologie und Forschungsinfrastruktur beliefen sich im Jahr 2022 auf insgesamt 78,6 Millionen US-Dollar, mit folgender Aufteilung:

• IT-Infrastruktur: 32,4 Millionen US-Dollar
• Forschungs- und Analyseplattformen: 26,9 Millionen US-Dollar
• Investitionen in Cybersicherheit: 19,3 Millionen US-Dollar

Kosten für Marketing und Geschäftsentwicklung

Die Marketing- und Geschäftsentwicklungskosten beliefen sich im Jahr 2022 auf 45,2 Millionen US-Dollar und verteilten sich wie folgt:

Kategorie der Marketingausgaben	Betrag (in Millionen US-Dollar)
Kundenbeziehungsmanagement	22.6
Digitales Marketing	8.7
Sponsoring von Konferenzen und Veranstaltungen	14.9

Kosten für Compliance und Einhaltung gesetzlicher Vorschriften

Die Compliance-bezogenen Kosten für 2022 beliefen sich auf 37,5 Millionen US-Dollar, darunter:

• Rechts- und Regulierungsberatung: 15,3 Millionen US-Dollar
• Compliance-Schulung: 8,2 Millionen US-Dollar
• Regulatorische Meldesysteme: 14,0 Millionen US-Dollar

Büro- und Betriebsaufwand

Die Betriebsgemeinkosten beliefen sich im Jahr 2022 auf 62,4 Millionen US-Dollar, mit folgender Aufteilung:

Gemeinkostenkategorie	Betrag (in Millionen US-Dollar)
Büromiete und -ausstattung	38.6
Dienstprogramme und Wartung	12.8
Bürobedarf und -ausrüstung	11.0

Evercore Inc. (EVR) – Geschäftsmodell: Einnahmequellen

Gebühren für Beratungsleistungen

Im Jahr 2023 meldete Evercore einen Gesamtberatungsumsatz von 1.623,6 Millionen US-Dollar. Das Beratungssegment generiert Gebühren durch strategische Finanzberatung für Fusionen, Übernahmen und Unternehmensumstrukturierungen.

Kategorie „Beratungsdienstleistung“.	Umsatzbeitrag
Fusionen & Akquisitionsberatung	1.142,5 Millionen US-Dollar
Unternehmensstrategieberatung	481,1 Millionen US-Dollar

Transaktionsbasierte Erfolgsgebühren

Erfolgsgebühren für abgeschlossene Transaktionen machten etwa 65 % der gesamten Beratungseinnahmen aus und beliefen sich im Jahr 2023 auf 1.055,3 Millionen US-Dollar.

• Durchschnittlicher Prozentsatz der Erfolgsgebühr: 1,2 % – 2,5 % des gesamten Transaktionswerts
• Typischer Transaktionsgrößenbereich: 100 Millionen bis 10 Milliarden US-Dollar

Umstrukturierung der Beratungsumsätze

Die Restrukturierungsberatung erwirtschaftete im Jahr 2023 einen Umsatz von 187,4 Millionen US-Dollar.

Restrukturierungsdiensttyp	Umsatzbetrag
Unternehmensumstrukturierung	132,6 Millionen US-Dollar
Finanzielle Umstrukturierung	54,8 Millionen US-Dollar

Abonnementdienste für Investment Research

Die Einnahmen aus Forschungsabonnements beliefen sich im Jahr 2023 auf insgesamt 78,2 Millionen US-Dollar.

• Forschungsabonnements für institutionelle Kunden: 62,5 Millionen US-Dollar
• Forschungsabonnements für Firmenkunden: 15,7 Millionen US-Dollar

Prozentsätze der Kommission für strategische Transaktionen

Die Provisionen aus strategischen Transaktionen beliefen sich im Jahr 2023 auf 259,7 Millionen US-Dollar.

Transaktionstyp	Provisionsprozentsatz	Gesamtprovisionen
Fusionstransaktionen	1.5% - 3%	186,9 Millionen US-Dollar
Akquisitionstransaktionen	1.2% - 2.5%	72,8 Millionen US-Dollar

Evercore Inc. (EVR) - Canvas Business Model: Value Propositions

You're looking at what makes Evercore Inc. stand out when clients need high-stakes financial advice. It's not about offering every service under the sun; it's about being the best at the ones that matter most, especially when conflicts of interest are a concern.

Independent, conflict-free advice, unlike full-service banks

Evercore Inc. positions itself as the pure-play advisory alternative. This means clients know the advice they get on a major transaction isn't being influenced by the firm's desire to underwrite debt or equity for that same deal, which can happen at full-service banks. This independence is a major draw for complex mandates.

The focus on pure advisory is reflected in the revenue mix. For the first half of 2025, Advisory Fees were the clear driver, with year-to-date adjusted Advisory Fees increasing 34% over the prior year period. In the second quarter of 2025 alone, Advisory Fees hit $686.8 million. The firm reported record net revenues (adjusted) of $1.05 billion in the third quarter of 2025.

Deep sector expertise and long-standing C-suite relationships

The firm backs its independence with deep industry knowledge, which translates into high-value transaction advice. This isn't just theoretical; you can see it in their market rankings for high-value deals.

Here's a look at Evercore Inc.'s success in the M&A advisory space for the first half of 2025:

Metric	Value / Rank	Context
Financial Services M&A Deal Value (H1 2025)	Led by value with $38.6 billion in advised deals	Topped the league table for value in the financial services sector
Financial Services M&A Deal Value Growth (H1 2025 vs H1 2024)	23.3% growth	Reflecting increased deal size and activity
Financial Services M&A Rank by Volume (H1 2025)	8th position	Houlihan Lokey led by volume with 25 deals
US Independent M&A Rank	Top spot in four of the past five years	Ranked in the top three every year since 2018

The firm's capacity for complex, large-scale mandates is evident from 2024 work, including advising on GE Vernova's $37 billion spin-off, the largest US deal that year.

Global execution capabilities across M&A, capital markets, and restructuring

Evercore Inc. doesn't just advise on the sale; they handle the whole lifecycle of corporate change. Their capabilities span strategic M&A, capital raising, and complex liability management. They are consistently ranked as the #1 M&A adviser among all independent firms year-to-date in 2025.

The firm's execution strength in related areas includes:

• Restructuring and liability management: Advised on 70 US transactions involving over $148 billion in debt in 2024.
• Private Capital Advisory: Advised on $60 billion in private capital transactions in 2024.
• Fundraising Activity: Closed over $81 billion in fundraising activity in 2024.

They are also expanding their physical footprint, announcing the acquisition of Robey. Warshaw in July 2025 for expansion in Paris, following expansion in Italy in 2025.

High-touch, tailored wealth management for HNWIs

The Investment Management segment, which includes Wealth Management, provides a stable fee base, driven by Assets Under Management (AUM) from High Net Worth Individuals (HNWIs) and others. This business grew steadily through the first three quarters of 2025.

Key Wealth Management metrics:

• AUM as of June 30, 2025: $14.5 billion.
• AUM year-over-year growth (Q2 2025): 10%.
• Year-to-date AUM growth (Q3 2025): 11%.
• Investment Management Net Revenues (Q2 2025): $21.7 million.

The growth in AUM, primarily from market appreciation, directly drives the Asset Management and Administration Fees, which increased 8% year-over-year in the first quarter of 2025. That's a solid return on managing client wealth.

Evercore Inc. (EVR) - Canvas Business Model: Customer Relationships

You're looking at how Evercore Inc. keeps its top-tier clients locked in; it's all about senior access and proprietary insight. The entire relationship model is built on the premise that the most complex financial decisions require the most experienced minds, which is why you see them consistently investing heavily in their rainmakers.

Dedicated, long-term, high-touch relationships with C-suite executives

Evercore Inc.'s client engagement is fundamentally about proximity to power. They focus on being the trusted advisor to boards and management teams on matters of strategic and financial significance. This high-touch approach is evident in their deal flow; for instance, they advised on 4 of the 10 largest transactions year-to-date through Q2 2025. Since its founding, the firm has advised on over $4.7 trillion in merger, acquisition, and restructuring transactions, which speaks to the longevity and scale of these relationships. The firm's global footprint, serving clients in over 50 countries from 19 advisory offices as of June 30, 2025, supports executing large, cross-border mandates that require this level of dedicated attention.

Advisory services are highly customized and non-scalable

The core of the value proposition is bespoke advice, which inherently resists easy scaling. The success of this model is reflected in the financial results; Advisory Fees saw a 26% year-over-year increase for the year-to-date period through Q2 2025, driven by revenue from large, complex transactions. This revenue stream is the lifeblood of the independent bank, and its growth is directly tied to the bespoke nature of the advice delivered on M&A, restructurings, and capital structure matters.

Direct access to Senior Managing Directors for all major clients

The firm actively reinforces this high-touch commitment by continuously adding senior talent. You can see the investment in people directly in the compensation figures; Employee Compensation and Benefits expense rose by $354.4 million, or 27% year-over-year, for the year-to-date period ending Q3 2025. This spend supports the senior-heavy structure. For example, at the start of 2025, Evercore Inc. promoted 11 Investment Banking Managing Directors to Senior Managing Director and hired nine new Investment Banking senior managing directors plus one senior advisor. This focus ensures that major clients have direct interaction with the most senior personnel. Here's a quick look at the talent investment supporting client access:

Metric	Value/Count	As of Date/Period
Total Employees Worldwide	~2,455	June 30, 2025
Investment Banking SMDs Promoted (2025 YTD)	11	Early 2025
New Investment Banking SMDs/Senior Advisors Hired (2025 YTD)	10 (9 SMDs + 1 Advisor)	Early 2025
Q3 2025 Compensation Ratio	65.5%	Q3 2025

The commitment to senior talent is defintely a key differentiator in securing and maintaining C-suite mandates.

Evercore ISI research distribution for institutional investors

For the institutional investor segment, the relationship is cemented through the distribution of high-quality, proprietary research from Evercore ISI. This research acts as a constant touchpoint, providing value beyond transaction advisory. The quality of this research is recognized by the market; Evercore ISI was ranked the #1 research provider among all firms on a weighted basis in the 2025 Extel All-America Equity Research survey, marking its fourth consecutive year at the top. The reach of this distribution is substantial, as the 2025 survey reflected feedback from over 4,400 investment professionals across more than 1,700 asset management firms and institutions. The depth of the team's recognition supports its distribution value:

• Total analysts recognized as Top 3 or Runner-Up in their sectors in 2025: 44
• Analysts earning the No. 1 position in their respective sectors: 14

This consistent top-tier ranking helps drive commissions and related revenue, which increased 12% year-to-date through Q2 2025.

Evercore Inc. (EVR) - Canvas Business Model: Channels

You're mapping out how Evercore Inc. reaches its clients, and it's a high-touch, relationship-driven approach across its core advisory, equities, and wealth management businesses.

Direct engagement via Senior Managing Directors and advisory teams is the primary conduit for the Investment Banking and Strategic Advisory services. This channel relies heavily on senior expertise to secure and service mandates on matters of strategic and financial significance.

As of the Latest Twelve Months ending Q1 2025, the Investment Banking division had approximately 1,475 IB Bankers globally, supported by 157 IB SMDs (Senior Managing Directors). This direct engagement led to Advisory Fees in the second quarter of 2025 totaling $697,744 thousand. The firm continues to bolster this channel, for example, by announcing the hiring of a new Senior Managing Director in the Healthcare Investment Banking Group in December 2025.

The Global network of Advisory Offices, including recent expansions, provides the physical footprint for this direct service. As of LTM Q1 2025, Evercore maintained 18 IB offices globally across 12 countries where Evercore offices were present. The firm is actively expanding this physical reach, evidenced by appointing leadership for a new Nordic franchise in Stockholm and recent office/hiring activity in EMEA, specifically mentioning France, Spain, Italy, and Dubai. One report notes a total of 28 offices in 11 countries across North America, Europe, South America, and Asia.

The Evercore ISI platform for distributing equity research and trading services acts as a critical channel to institutional investors. This platform's research quality is a key differentiator, as confirmed by industry recognition.

For the 2025 Extel (previously Institutional Investor) All-America Equity Research survey, Evercore ISI was ranked the #1 firm on a weighted basis for the fourth straight year.

• Total of 44 Evercore ISI analysts recognized as Top 3 or Runner-Up in their sectors in the 2025 survey.
• 14 analysts earned the No. 1 position, the most of any firm.
• The 2025 survey results reflect feedback from over 4,400 investment professionals from more than 1,700 asset management firms and institutions.
• Founder and Chairman Ed Hyman maintained the No. 1 rank in Economics for the 44th year.

The Wealth Management offices for high-net-worth client service represent another distinct channel. Evercore Wealth Management, based in New York, services clients through its dedicated offices and affiliates.

Key metrics for this channel as of early 2025 include:

• As of March 31, 2025, Evercore Wealth Management served 752 clients.
• Discretionary Assets Under Management (AUM) for Evercore Wealth Management were reported at $13,827,082,508 as of March 31, 2025.
• Year-to-date Asset Management and Administration Fees increased 10% year-over-year, driven by Wealth Management AUM increasing 10%, primarily from market appreciation.
• The firm expanded its San Francisco office in June 2025.

Here is a snapshot of the scale and performance across these channels as of late 2025 reporting periods:

Channel Metric	Value/Statistic	Period/Date Reference
Investment Banking Advisory Fees (Q2)	$697,744 thousand	Q2 2025
Total Number of Fees from Advisory and Underwriting Client Transactions	245	Q2 2025
IB SMDs Globally	157	LTM Q1 2025
IB Offices Globally	18	LTM Q1 2025
Wealth Management Clients	752	March 31, 2025
Wealth Management AUM	$13,827,082,508	March 31, 2025
Asset Management/Wealth Fees Growth (YTD)	10%	Year-over-Year (Q2 2025)

The firm's overall transaction advisory success is also reflected in the total number of fees of at least $1 million, which was 386 year-to-date June 30, 2025.

Evercore Inc. (EVR) - Canvas Business Model: Customer Segments

You're looking at the core clientele that drives Evercore Inc.'s advisory and wealth management engine as of late 2025. Honestly, the firm's success hinges on keeping these distinct groups happy and engaged with high-level advice.

Large multinational corporations requiring complex strategic advice

This group forms the backbone of the Investment Banking & Equities segment, primarily through Strategic Advisory mandates like mergers, acquisitions, and divestitures. You see their activity reflected directly in the Advisory Fees line item. For the second quarter of 2025, Advisory Fees hit $686.8 million for that single quarter alone. The momentum carried into the third quarter, where the Investment Banking & Equities segment posted net revenues of $1.04 billion. To give you a sense of scale, the firm advised on landmark deals in 2025, such as Calpine's $29.1 billion sale and Ampere's $6.5 billion sale. This segment also serves clients needing Liability Management & Restructuring advice, with Evercore working on 70 US transactions involving over $148 billion in debt in 2024. They are definitely focused on the biggest mandates.

Private equity firms and financial sponsors (a key source of deal flow)

Financial sponsors are crucial because they generate a steady stream of M&A and capital markets work. Evercore's Private Capital Advisory and Fundraising teams are specifically geared toward this segment. While 2025 segment-specific numbers aren't fully broken out yet, we know that in 2024, the firm advised on $60 billion in private capital transactions. This activity falls under the broader Investment Banking & Equities umbrella, which saw its year-to-date Advisory Fees increase by 26% in the first half of 2025 compared to the prior year. The firm's deep bench of Investment Banking Senior Managing Directors, which grew to 159 globally as of June 30, 2025, is heavily engaged with these sponsors.

High-net-worth individuals (HNWIs) for Wealth Management services

This is the core of the Investment Management segment, focusing on wealth management and asset allocation advisory. You want to watch the Assets Under Management (AUM) here; it's a direct indicator of client trust and asset growth. As of September 30, 2025, Evercore Wealth Management LLC reported AUM of $15.4 billion. That represented an 11% year-over-year increase. Looking closer at the client base from a recent filing, out of 4,405 total accounts, 632 were classified as High Net Worth Individuals, accounting for $12.4 billion of the total AUM. The fees generated from this segment are smaller in the grand scheme, with Asset Management and Administration Fees for Q3 2025 reaching $22.7 million. If onboarding takes 14+ days, churn risk rises, but the AUM growth suggests they are managing client acquisition well.

Institutional investors buying equity research and trading execution

Institutional investors utilize Evercore's Equities division for research and agency-based trading execution, which feeds the Commissions and Related Revenue stream. The firm has maintained a strong reputation here; it was ranked the #1 Research Provider among all firms on a weighted basis for the fourth consecutive year as of Q3 2025. This quality drives volume. Commissions and Related Revenue for the second quarter of 2025 increased by 10% year-over-year, directly reflecting higher trading commissions driven by increased trading volume during 2025. For the first half of 2025, year-to-date Commissions and Related Revenue increased by $11.9 million, or 12% year-over-year.

Here's a quick look at the key financial scale for the segments driving these customer groups as of mid-to-late 2025:

Metric	Segment/Client Focus	Latest Reported Value (2025)	Period End Date
Net Revenues (IB & Equities)	Large Corps & Sponsors (Advisory/Trading)	$1.04 billion	Q3 2025
Advisory Fees (YTD)	Large Corps (M&A)	$257.0 million increase	H1 2025
AUM	HNWIs (Wealth Management)	$15.4 billion	Sept. 30, 2025
Asset Management & Admin Fees	HNWIs (Wealth Management)	$22.7 million	Q3 2025
Commissions & Related Revenue (YTD)	Institutional Investors (Trading/Research)	$11.9 million increase	H1 2025

Finance: draft 13-week cash view by Friday.

Evercore Inc. (EVR) - Canvas Business Model: Cost Structure

You know that for a firm like Evercore Inc., which sells high-level advice and services, the cost structure is almost entirely about people. It's defintely a fixed-cost model, or at least one where the largest component is relatively fixed in the short term: compensation. This is where the bulk of your operating expenses go, as you need to pay top-tier talent to generate those advisory fees.

Looking at the Year-to-Date (YTD) through the third quarter of 2025 on a U.S. GAAP basis, the Employee Compensation and Benefits ratio stood at 65.8% of net revenues. That number tells you that for every dollar of revenue Evercore Inc. brought in, nearly 66 cents went straight to paying its employees, including salaries and incentive compensation accruals. For just the third quarter of 2025, the GAAP compensation ratio was slightly better at 65.5%, which was an improvement from 66.5% in the prior year period, helped by higher net revenues.

The other major bucket, Non-Compensation Expenses, which covers things like technology, occupancy, and general administrative needs, was much smaller. For Q3 2025, this category represented 13.7% of the reported U.S. GAAP net revenue. To give you a clearer picture of how these costs stack up against the top line, here's a quick look at the key expense ratios from the Q3 2025 results:

Expense Category (U.S. GAAP)	Q3 2025 Ratio to Net Revenue	YTD Q3 2025 Ratio to Net Revenue
Employee Compensation and Benefits	65.5%	65.8%
Non-Compensation Costs	13.7%	(Data not explicitly provided for YTD in this format)
Total Operating Expenses (TTM ending 9/30/2025)	(Implied from TTM data)	$2.847B

Now, you have to factor in strategic spending, which directly impacts those non-compensation costs and future compensation liabilities. Evercore Inc. is actively investing in capacity, which means higher fixed costs going forward. This is evident in the drivers for the Non-Compensation Costs increase year-over-year, which included higher expenses for technology and information services, like license fees and research services, plus increased travel due to higher business activity and headcount.

The commitment to growth through hiring senior talent is a major cost driver. You saw this play out with the closing of the Robey Warshaw acquisition on October 1, 2025. That strategic move, aimed at strengthening European capabilities, immediately hit the books with $3.516 million in acquisition and transition costs recorded in Q3 2025 alone. Furthermore, the increase in compensation expense in Q3 2025 reflected higher accruals for incentive compensation, higher base salaries, and specifically, higher compensation expense related to senior new hires. This is a conscious decision to spend now to secure future advisory mandates.

The firm's investment in its human capital is ongoing, as evidenced by recent Senior Managing Director (SMD) additions, such as the appointment of Ashish Varshneya to the healthcare investment banking group in December 2025. These high-profile additions are part of a broader strategy to cement Evercore Inc.'s status as a premier global advisory firm by recruiting industry veterans with specialized knowledge. The cost structure reflects this reality:

• Compensation is the dominant cost, hovering in the mid-60s percentage-wise.
• Non-Compensation Costs are being driven up by necessary investments in technology and office space to support the growing headcount.
• Strategic hiring surges, especially at the SMD level, are explicitly mentioned as impacting compensation expense, signaling a willingness to absorb higher fixed costs for perceived future revenue upside.

Finance: draft 13-week cash view by Friday.

Evercore Inc. (EVR) - Canvas Business Model: Revenue Streams

You're looking at the engine room of Evercore Inc., where the money actually comes from, and as of late 2025, that engine is running hot, primarily on deal-making fees.

Advisory Fees are the clear top line driver, showing just how much the market values Evercore's advice on big, complex transactions. For the third quarter ending September 30, 2025, Advisory Fees surged to $883.7 million, marking a massive 49% increase year-over-year. This performance was fueled by revenue from large, complex deals, including advising on the $12.3 billion sale of Dayforce, Inc. to Thoma Bravo.

The overall financial health is reflected in the Trailing Twelve Month (TTM) Net Revenue ending Q3 2025, which stood at $3.54 billion. This represents a 27.03% year-over-year growth for the TTM period.

The total GAAP Net Revenues for the third quarter of 2025 hit $1,038.9 million. This revenue base is diversified across the Investment Banking & Equities segment and the Investment Management segment, as detailed below:

Revenue Stream (Q3 2025 GAAP, in millions)	Amount ($ mm)	Year-over-Year Change
Advisory Fees	$883.712	+49%
Commissions and Related Revenue	$62.816	+15%
Asset Management and Administration Fees	$22.477	+9%
Underwriting Fees	$43.730	Flat
Other Revenue, net	$26.149	+19%

Underwriting and commissions revenue, which falls under the Equity Capital Markets (ECM) services within Investment Banking & Equities, showed mixed results for the quarter.

• Underwriting Fees were flat year-over-year, reported at $43.730 million for Q3 2025. This flatness reflects a lower number of transactions being offset by an increase in the average fee size per transaction.
• Commissions and Related Revenue, driven by higher trading commissions from increased trading volume and higher subscription fees, increased by $8.3 million, reaching $62.816 million in the quarter.

The Investment Management segment contributes through Asset Management and Administration Fees. This revenue stream saw growth, driven by an 11% increase in associated Assets Under Management (AUM), which stood at $15.351 billion as of September 30, 2025. Asset Management and Administration Fees for Q3 2025 were $22.477 million, up 9% year-over-year, which translates to an increase of $1.9 million over the prior year period.