Evensky & Katz/Foldes Financial Management

What Evensky & Katz/Foldes Financial Management does

Evensky & Katz/Foldes Financial Management is an SEC-registered investment advisory firm headquartered in Coral Gables, Florida, founded in 1985 by Harold Evensky and operating as an employee-owned enterprise with 16 shareholders. The firm delivers fee-only, goals-based wealth management and comprehensive financial planning to more than 900 client relationships across three US offices (Coral Gables, Lubbock, Bellevue), advising over $3 billion in assets under management. Its service portfolio integrates a Financial Planning Program with Investment Management, supported by proprietary methodologies including the Two-Bucket Cash Flow Strategy and Core & Satellite Investment Policy Design, plus specialized modules for estate, tax, insurance, charitable, and college planning. A Corporate Advantage line extends the platform into B2B employer-sponsored 401(k) fiduciary services.\n\nThe underlying technology stack is conventional RIA infrastructure rather than proprietary AI: MoneyGuide Pro for collaborative web-based financial planning, the Tamarac client portal (now part of Norwest) for 24/7 account access, Zoom-based secure video conferencing with screen sharing, and encrypted email. Custodial and execution relationships with Charles Schwab, Fidelity, and Vanguard provide negotiated institutional pricing for clients. The revenue model is AUM-based fees billed quarterly in advance, augmented by a one-time $4,000 initial planning fee that is credited toward ongoing management fees; the firm operates strictly under fiduciary standard with no commissions or proprietary product commissions.\n\nGo-to-market is sales-led and referral-driven, acquiring clients through professional advisor referrals and multi-generational client referrals rather than paid acquisition. Marketing channels include a blog, newsletter, Talk Your Chart video series, social media (LinkedIn, Facebook, X, YouTube), community events (Charity Golf Classic, Cocktails Under the Stars), and earned media in outlets such as Wall Street Journal, Barron's, and Financial Times. The staff of 40 includes 19 CFP practitioners, and the firm's competitive positioning rests on academic lineage (founders' Texas Tech University ties), thought-leadership awards, and a fee-only fiduciary differentiation versus Wall Street broker-dealers.

Name

Evensky & Katz/Foldes Financial Management

Legal name

Evensky & Katz / Foldes Wealth Management

Website

https://evensky.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Evensky & Katz/Foldes Financial Management is an SEC-registered, fee-only fiduciary RIA founded in 1985, managing $3+ billion across 900+ client relationships from offices in Coral Gables, Lubbock, and Bellevue, serving HNW individuals, families, professionals, retirees, and corporate retirement plans.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Finance and Insurance (52)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Comprehensive Financial Planning (FSAEAAAA)

Keywords

• Wealth management services
• Financial planning advisory
• Investment management services
• Retirement plan advisory
• Fiduciary investment advisory

Headquarters

HQ city

Coral Gables

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Assets Under Management (AUM) Fees: Annual fee based on a client's Assets Under Management, billed quarterly in advance. Clients can elect to terminate the relationship at any point and receive refunds for the remainder of the quarter. Initial planning fee of $4,000 with half due upon contract execution and half upon delivery of Investment Policy Statement. These fees are credited back when calculating ongoing quarterly management fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Evensky & Katz/Foldes Financial Management is a fee-only fiduciary wealth management firm that provides comprehensive financial planning and goals-based investment management to affluent individuals, families, entrepreneurs, business owners, physicians, attorneys, retirees, and corporate executives. Through its separate Corporate Advantage offering, the firm also delivers 401(k) and corporate retirement plan advisory, fiduciary support, investment policy design, and employee financial education to business plan sponsors.

Product overview

Evensky & Katz/Foldes Wealth Management offers a unified fee-only wealth management platform combining financial planning and investment management services. The core offering consists of a Financial Planning Program paired with Investment Management services, supported by a secure Client Portal and Virtual Client Experience platform. The firm provides specialized modules including Estate Planning Assistance, Insurance Planning, Income Tax Planning, and College Education Planning. For business clients, Corporate Advantage delivers employer-sponsored retirement solutions. The firm also offers educational content through its Talk Your Chart video series and Newsletter. Investment implementation utilizes a core and tactical satellite strategy with customized Investment Policy Statements, supported by the proprietary Cash Reserve (Two-Bucket) Strategy for cash flow management.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning Program A comprehensive, goals-based financial planning service for affluent individuals, families, entrepreneurs, business owners, physicians, attorneys, retirees, and corporate executives. Includes goal identification, cash flow and two-bucket reserve planning, tax, estate, insurance, education, business sale transition, and charitable giving planning, typically with a one-time planning fee and ongoing review.
• Investment Management Ongoing discretionary investment management using a Core-and-Satellite investment policy design, with in-house investment research, asset allocation, and portfolio monitoring. Aimed at clients of the Financial Planning Program and offered on a fee-only, AUM-tiered basis, with reporting and document sharing through the Tamarac client portal.
• Corporate Advantage (401(k) and Corporate Retirement Plan Services) A B2B retirement plan advisory service for business owners, corporate executives, HR/benefits teams, and other plan sponsors. Provides fiduciary investment advice, investment policy design, plan compliance support, employee financial education, and ongoing plan governance for 401(k) and other corporate retirement plans.

Quantifiable outcome

• Over 900 client relationships managed successfully
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Charles SchwabcoreOthersPrimary custodian for client assets. Holds client funds in independent accounts, providing regulatory protection and institutional pricing for the firm's clients.
• Fidelity InvestmentscoreOthersPrimary custodian for client assets. Holds client funds in independent accounts, providing regulatory protection and institutional pricing for the firm's clients.
• VanguardcoreOthersCustodian for retirement accounts including 401(k) plans. Provides institutional pricing and investment options for retirement plan clients through Corporate Advantage program.
• Tamarac (now part of Norwest)coreTechnology or IntegrationProvides the firm's client portal technology enabling 24/7 secure access to portfolio information, documents, and account reporting.
• MoneyGuide ProcoreTechnology or IntegrationCollaborative web-based financial planning software enabling the firm to work online with clients regardless of location.
• Coral Gables Community FoundationcoreStrategic or Co-development PartnerStrategic philanthropic partner hosting the Evensky & Katz Charitable Fund. Firm has donated over $1.2 million to local nonprofits since 2006 through this partnership. Hosts Vinos at the Plaza annual wine auction.
• Legal Services of Greater MiamiminorStrategic or Co-development PartnerCommunity partner for Cocktails Under the Stars fundraising event supporting legal aid services for those in need.

Scale indicators5 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Creative Planning: One of the largest U.S. independent, fee-only RIAs serving HNW individuals and families with comprehensive financial planning and investment management — closely comparable business model, fee structure, and client profile to Evensky & Katz/Foldes.
• Mariner Wealth Advisors: Independent RIA consolidator delivering comprehensive financial planning and investment advisory to HNW clients, with active M&A and a multi-office national footprint — a close functional analogue to Evensky's fee-only, planning-led model at materially larger scale.
• Carson Group: RIA network providing advisors with financial planning, investment management, and back-office support; comparable in emphasizing fee-only comprehensive planning and serving HNW clients, though structured as a partnership network rather than employee-owned.
• Cerity Partners: Large independent RIA delivering wealth management, financial planning, and corporate retirement plan services to HNW families and institutions — directly comparable to Evensky's HNW-plus-Corporate-Advantage service stack.
• Edelman Financial Engines: Large U.S. RIA combining comprehensive financial planning with 401(k) advisory for corporate plans; overlaps Evensky on both the individual planning and Corporate Advantage employer-plan sides of the business.
• Bessemer Trust: Wealth management and investment advisory firm serving ultra-high-net-worth families with multi-generational planning, estate, and trust services — directly comparable to Evensky's high-touch planning for affluent and business-owner families.
• Convergent Wealth Advisors: Mid-sized independent RIA serving UHNW families with goals-based wealth management, estate, and tax planning — a strong size and business-model analogue to Evensky & Katz/Foldes.
• Corient: Independent, employee-owned RIA serving U/HNW clients with comprehensive financial planning and investment management; comparable fee-only fiduciary model and consolidator positioning with active M&A.

Broad incumbents

• Focus Financial Partners: Leading RIA consolidator / partnership platform for high-quality independent wealth management firms; comparable as an alternative path-of-growth the firm could pursue, and as a broader incumbent competing for the same advisor talent.
• Fisher Investments: Large independent RIA primarily serving HNW and institutional investors with portfolio management; broader incumbent in the same category, though more concentrated in discretionary portfolio management than holistic financial planning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/EvenskyKatz
• YouTubeyoutube.com/channel/UC2PGTBiTuT274YLAliBuEbw
• Facebookfacebook.com/evenskykatzfoldes
• LinkedInlinkedin.com/company/evensky-&-katz

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evensky & Katz/Foldes Financial Management