# Evans Capital Management Associates

> Evans Capital Management Associates is an SEC-registered investment advisory firm in Bellevue, WA, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 110699
- Filed as: EVANS CAPITAL MANAGEMENT ASSOCIATES
- Legal name: R.L. Evans Co. Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bellevue, WA
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110699
- AdvisorCensus page: https://advisorcensus.com/firm/evans-capital-management-associates-bellevue-wa-110699

## Quick answers

**How is Evans Capital Management Associates compensated?**
On its Form ADV (Item 5.E, October 2026), Evans Capital Management Associates reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Evans Capital Management Associates located?**
Evans Capital Management Associates' principal office is in Bellevue, WA, according to its Form ADV.

**Is Evans Capital Management Associates registered with the SEC or a state?**
Evans Capital Management Associates is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 110699.

**How much does Evans Capital Management Associates manage?**
Evans Capital Management Associates reports $682,588,885 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (3% discretionary).

**How have Evans Capital Management Associates' assets and staff changed since 2021?**
In the Form ADV data for Evans Capital Management Associates: Regulatory assets under management: $269,252,000 in the October 2021 data and $682,588,885 in the October 2026 data, up 154%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Evans Capital Management Associates serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (221); high net worth individuals (198); pension and profit sharing plans (but not the plan participants or government pension plans) (12).

**Which custodians does Evans Capital Management Associates use?**
Evans Capital Management Associates' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Evans Capital Management Associates report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110699

**Does Evans Capital Management Associates state an account minimum?**
Its Form ADV Part 2A brochure dated July 2, 2026 says: "In general, we require a minimum of $100,000 to open and maintain an advisory account. At our discretion,wemaywaivethisminimumaccountsize."

**What changed in Evans Capital Management Associates' recent Form ADV filings?**
In the August 2026 filing data: Regulatory assets under management went from $544,995,366 to $682,588,885 (+25%). Registered or notice-filed in IL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated July 2, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> In general, we require a minimum of $100,000 to open and maintain an advisory account. At our discretion,wemaywaivethisminimumaccountsize.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $682,588,885
- Discretionary: $23,614,986
- Non-discretionary: $658,973,899

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 221 | $45,680,433 |
| High net worth individuals | 198 | $574,276,847 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 12 | $62,631,605 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2017 (8 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, IL, MN, NH, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- rlevansco.com
- rlevansco.net
- LinkedIn @EVANS-CAPITAL-MANAGEMENT-ASSOCIATES

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $269,252,000 | 3 | July 27, 2021 |
| October 2022 | $253,722,000 | 3 | July 26, 2022 |
| October 2023 | $284,834,000 | 3 | July 21, 2023 |
| October 2024 | $463,884,633 | 4 | July 2, 2024 |
| October 2025 | $544,995,366 | 3 | June 9, 2025 |
| October 2026 | $682,588,885 | 3 | September 25, 2026 |

Regulatory assets under management: $269,252,000 in the October 2021 data and $682,588,885 in the October 2026 data, up 154%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Regulatory assets under management went from $544,995,366 to $682,588,885 (+25%).
- Registered or notice-filed in IL.

### April 2026
- Registered or notice-filed in MN.

### January 2026
- No longer registered or notice-filed in FL.

### December 2025
- Registered or notice-filed in NH.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Evans Capital Management Associates (CRD 110699): Form ADV filing data as of October 2026.