Evanston Capital Management, LLC (Evanston)

Name: Evanston Capital Management, LLC
Address: 1560 Sherman Avenue, Suite 960, Evanston, IL, 60201 4811
Telephone: 847-328-4961

Evanston Capital Management, LLC is a large advisory firm based in Evanston. It manages $3.55 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2002.

Evanston Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Evanston Capital Management: assets under management

The assets under management (AUM) of Evanston Capital Management, LLC is $3.55 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5818% since the beginning of its operation, and $2.75 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.55 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $322.8 million each.

Evanston Capital Management has custody of $3.55 billion in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evanston Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Evanston Capital Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Evanston Capital Management is pooled investment vehicles with 9 clients and $3.48 billion of assets under management. Among the 8 most similar advisory firms, Evanston Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.52 billion for 10 clients. 36% of the firm’s clients are foreign persons or businesses.

Evanston Capital Management also advises several private funds. Namely, seven hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Evanston Capital Management, LLC

The company employs 30 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David L Wagner	Principal cfo	1 Mar 2002	75% - 100%	4528808
Adam B Blitz	Principal	1 Mar 2002	Other	2978683
Kenneth Alan Meister	Principal coo	1 Mar 2002	Other	4153081
Ryan Duffecy Cahill	Cfo	1 May 2002	Other	4641656
Jwc Trust Dtd 12/28/82	Member	1 Sep 2002	Other	32-8248917
Croghan Grantor Trust	Member (common units)	1 Oct 2004	Other	32-8248917
2005 Family Gst Trust Under Wagner Family 2005 Irrevocable Trust Dated June 20	Member (common units)	1 Aug 2005	Other	36-7447479
Wagner Family 2005 Irrevocable Trust	Member	1 Aug 2005	Other	36-7447479
Scott Ryan Zimmerman	General counsel	1 Jan 2006	Other	3119802
Donald Henry Fehrs	Principal - risk management and research	1 Jul 2007	Other	5487134
David L. Wagner 2007 Annuity Trust	Member	1 Jul 2007	Other	xxx-xx-xxxx
2005 Family Trust Under Wagner Family 2005 Irrevocable Trust Dated June 20	Member	1 Nov 2009	Other	36-7521253
Melanie Leslie Lorenzo	Chief compliance officer and associate general counsel	1 Dec 2010	Other	5876039
L.P. Ta Xi Ecm Aiv	Member (preferred units)	1 Dec 2010	25% - 50%	27-4015229
L.P. Ta A&P Vi Ecm Aiv	Member (preferred units)	1 Dec 2010	Other	27-4015480
John Whitman Croghan	Elected manager	1 Dec 2010	Other	4641658
Todd Richard Crockett	Elected manager	1 Dec 2010	Other	5886142
James Robert Hart	Elected manager	1 Dec 2010	Other	5881816
David L Wagner	Chairman / elected manager / member (common units)	1 Jan 2013	Other	4528808
Adam B Blitz	Ceo / cio / elected manager / member (common units)	1 Jan 2013	Other	2978683
Kenneth Alan Meister	President and coo	1 Jan 2013	Other	4153081
Roger B. Kafker	Elected manager	1 Feb 2013	Other	4426863
David L. Wagner 2014 Annuity Trust	Member (common units)	1 Jun 2014	Other	36-7645471
Lance Ari Donenberg	Principal - head of strategic business development	1 Oct 2014	Other	4143834
Kristen Vangelder Kim	Principal - director of research	1 Jan 2015	Other	6470322
2005 Family Trust Under The Wagner Family 2005 Irrevocable Trust Dated June 20	Member (common units)	1 Sep 2016	Other	36-7521253

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Whitman Croghan	Member	1 Sep 2002	75% - 100%	4641658
Thomas J Croghan	Trustee	1 Oct 2004	Other	1209190
Thomas Joseph Croghan	Trustee	1 Oct 2004	Other	1209190
John E. Croghan	Trustee	1 Oct 2004	Other	4939227
Ellen S. Wagner	Trustee	1 Jun 2005	Other	5109577
David L Wagner	Trustee	1 Jul 2007	Other	4528808
Ellen S. Wagner	Trustee	1 Nov 2009	Other	5109577
L.P. Ta Associates Xi Gp	General partner	1 Dec 2010	Other	26-4726952
Ta Associates Ap Vi L.P.	General partner	1 Dec 2010	Other	26-1320125
L.P. Ta Associates	General partner	1 Dec 2010	Other	04-3205751
Inc. Ta Associates	General partner	1 Dec 2010	Other	04-3205751
David L Wagner	Trustee	1 Jun 2014	Other	4528808

Based in Evanston

The principal office where Evanston Capital Management, LLC performs its advisory services is located at 1560 Sherman Avenue, Suite 960, Evanston, IL 60201 4811, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-328-4961 or by fax 847-328-4676. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at evanstoncap.com.