Everest Capital

What Everest Capital does

Everest Capital Private Wealth Management Group operates as a team of financial advisors within Wells Fargo Advisors (the retail brokerage trade name of Wells Fargo Clearing Services, LLC, a non-bank affiliate of Wells Fargo & Company). Established in its current form in 2019 when brothers Charles Parry and Curtis Parry migrated from Merrill Lynch/Bank of America Merrill Lynch to Wells Fargo Advisors, the practice is headquartered in Woodland Hills, California, with additional offices in Westlake Village, California, and Salt Lake City, Utah. The firm serves high-net-worth individuals, families, multi-generational households, corporate executives, business owners, and endowments, offering a family-office-style experience built on a four-step portfolio management process (Define, Create, Implement, Monitor).

The service catalog comprises core investment advisory and portfolio management, complemented by specialized modules: Medicare/Social Security planning, investment/retirement planning, estate and tax planning strategies, philanthropic planning, corporate executive services (including 10b5-1 trading programs), and business succession planning. Client accounts range from $10,000 to $2,000,000 minimums across advisory programs. Lending, banking, and certain institutional capabilities are accessed through Wells Fargo affiliates rather than built in-house — Everest Capital does not appear to maintain proprietary technology, mobile applications, or public APIs.

Revenue is generated through three streams: recurring investment advisory fees on assets under management, transaction-based commissions on securities trades, and referral/revenue-sharing on banking and lending products sourced through Wells Fargo affiliates. Distribution is relationship-driven via personal referrals, community involvement, and third-party validation (Forbes/SHOOK Research and AdvisorHub awards). The team does not separately report financials and operates entirely under the Wells Fargo Advisors regulatory and operational umbrella.

Name

Everest Capital

Legal name

Everest Capital Private Wealth Management Group

Website

https://ecpwmg.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Everest Capital Private Wealth Management Group is a Wells Fargo Advisors wealth management team serving high-net-worth individuals, families, corporate executives, and endowments across California and Utah through portfolio management, financial planning, and family-office-style advisory services.

Ownership category

akta.pro rank

Product category

Private Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking & UHNW Wealth Advisory (FSAEABAC)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Private Banking Business Owners & Entrepreneur Solutions (Liquidity Events, Pre-IPO) (FSABADAK)

Keywords

• Private wealth management
• Investment advisory services
• Financial planning
• Estate planning
• Portfolio management

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Advisory Fees: Advisory fees for portfolio management services including asset allocation, investment selection, and ongoing monitoring through a four-step advisory process (Define, Create, Implement, Monitor).
2. Securities Transactions: Commission-based revenue from securities trades and transactions executed on behalf of clients.
3. Banking and Lending Products: Revenue from lending products including securities-based financing, residential mortgages, home equity financing, business financing, and credit cards through Wells Fargo affiliates.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Everest Capital Private Wealth Management Group delivers fee-based investment advisory and portfolio management services to high-net-worth individuals, families, and endowments through a four-step process (Define Goals, Create Strategy, Implement Investment, Monitor Changes). The team complements portfolio management with specialized wealth planning modules covering investment planning, estate and tax planning, retirement income/Social Security planning, corporate executive services, business succession planning, philanthropic planning, and access to Wells Fargo affiliate lending and banking products.

Product overview

Everest Capital Private Wealth Management Group of Wells Fargo Advisors is a wealth management advisory service providing a unified suite of financial planning and investment management services. The core offering is a Portfolio Management Advisory service employing a four-step process (Define Goals, Create Strategy, Implement Investment, Monitor Changes). This core service is integrated with specialized service modules including Medicare/Social Security Planning, Investment Planning, Lending and Banking Services (via Wells Fargo affiliates), Business Succession Planning, Corporate Executive Services, Estate & Tax Planning Strategies, and Philanthropic Planning. The service combines portfolio management with comprehensive financial advisory to serve High-Net-Worth Individuals, Families, and Endowments.

Differentiator

Problem solved

Functional benefit

Products and services

• Portfolio Management Advisory

Quantifiable outcome

• #14 ranking on Forbes Top Wealth Management Teams High-Net-Worth 2025
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Wells Fargo AdvisorscoreChannel Partner/ Reseller/ DistributorEverest Capital Private Wealth Management Group operates as a team within Wells Fargo Advisors, leveraging the Wells Fargo platform for investment advisory services, securities transactions, and access to Wells Fargo banking and lending products including mortgages, home equity, and business financing.

Scale indicators3 records

Expansion highlights4 records

Direct peers

• UBS Wealth Management USA: Global wealth manager with a strong U.S. HNW advisor force competing for the same UHNW individuals, families, and endowments. Comparable in offering cross-border wealth planning, lending, and discretionary portfolio management through an advisor-led model.
• Morgan Stanley Wealth Management: Direct competitor and prior employer of Everest advisor Sean Nigbur. Morgan Stanley runs thousands of HNW advisor teams with comparable product mix (advisory, lending, securities-based credit) and is a typical destination for breakaway Wells Fargo teams.
• Merrill Lynch Wealth Management: Direct peer and prior employer of Everest's founders (Charles and Curtis Parry ran the Parry Private Wealth Group at Merrill). Merrill is a national broker-dealer wealth platform with comparable HNW advisory teams, similar product shelf (lending, banking through Bank of America), and analogous compensation structures for producers.
• Edward Jones Wealth Management: Large advisor-led wealth platform with comparable branch-based, relationship-driven model and similar emphasis on HNW households, retirement, and estate planning. A common destination and substitute for Wells Fargo HNW teams.
• Bank of America Private Bank: Bank-affiliated UHNW wealth practice that often absorbs Merrill breakaways targeting larger households. Comparable lending, mortgage, and banking product shelf, and direct competition for California-based HNW families.
• Goldman Sachs Private Wealth Management: Ultra-HNW-focused private wealth franchise with similar concentration on founders, executives, multi-generational families, and endowments. Comparable fee economics, complex-compensation planning, and platform-led product cross-sell.
• RBC Wealth Management (U.S.): Bank-affiliated wealth platform with comparable advisor-led HNW teams, discretionary portfolio management, and lending products. Competes for breakaway Wells Fargo producers in California and the Mountain West.
• First Republic (now part of J.P. Morgan): Historically a direct competitor for California HNW households with a boutique private banking model emphasizing lending and relationship management. Now folded into J.P. Morgan Private Bank, it remains a direct substitute for the Everest client segment.

Broad incumbents

• J.P. Morgan Private Bank: Large incumbent bank-affiliated wealth manager serving UHNW clients globally with an integrated banking, lending, and investment platform. Broader footprint and scale than Everest but competes head-to-head for the same executive, founder, and endowment relationships.
• Charles Schwab Private Client: Direct competitor for mass-affluent to HNW households with a heavy digital and self-directed tilt. Targets a slightly lower AUM band but competes for the same California client base that Everest serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Everest Capital