# Evans Investment Advisors, L.L.C.

> Evans Investment Advisors, L.L.C. is an SEC-registered investment advisory firm in Baton Rouge, LA, registered since 2008, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 147000
- Filed as: EVANS INVESTMENT ADVISORS, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Baton Rouge, LA
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147000
- AdvisorCensus page: https://advisorcensus.com/firm/evans-investment-advisors-l-l-c-baton-rouge-la-147000

## Quick answers

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

**Where is Evans Investment Advisors, L.L.C. located?**
Evans Investment Advisors, L.L.C.'s principal office is in Baton Rouge, LA, according to its Form ADV.

**Is Evans Investment Advisors, L.L.C. registered with the SEC or a state?**
Evans Investment Advisors, L.L.C. is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 147000.

**How much does Evans Investment Advisors, L.L.C. manage?**
Evans Investment Advisors, L.L.C. reports $390,734,415 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (98% discretionary).

**How have Evans Investment Advisors, L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Evans Investment Advisors, L.L.C.: Regulatory assets under management: $208,982,711 in the October 2021 data and $390,734,415 in the October 2026 data, up 87%. Total employees: 3 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Evans Investment Advisors, L.L.C. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (281); individuals (other than high net worth individuals) (180); corporations or other businesses not listed above (42).

**Which custodians does Evans Investment Advisors, L.L.C. use?**
Evans Investment Advisors, L.L.C.'s 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 Investment Advisors, L.L.C. 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/147000

**Does Evans Investment Advisors, L.L.C. state an account minimum?**
Its Form ADV Part 2A brochure dated March 26, 2026 says: "EIA does not set specific account minimums."

**What changed in Evans Investment Advisors, L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $326,496,492 to $390,734,415 (+20%).

## 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 March 26, 2026)

- Account minimum: None

> EIA does not set specific account minimums.

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: $390,734,415
- Discretionary: $382,372,417
- Non-discretionary: $8,361,998

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 180 | $34,052,004 |
| High net worth individuals | 281 | $321,124,850 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $4,227,880 |
| Charitable organizations | 3 | $9,968,777 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 42 | $21,360,904 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2008 (18 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: LA, MS, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- evansinvestmentadvisors.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $208,982,711 | 3 | March 31, 2021 |
| October 2022 | $240,573,816 | 3 | March 31, 2022 |
| October 2023 | $240,424,119 | 4 | March 30, 2023 |
| October 2024 | $289,717,637 | 4 | March 28, 2024 |
| October 2025 | $326,496,492 | 4 | March 28, 2025 |
| October 2026 | $390,734,415 | 5 | March 26, 2026 |

Regulatory assets under management: $208,982,711 in the October 2021 data and $390,734,415 in the October 2026 data, up 87%.
Total employees: 3 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $326,496,492 to $390,734,415 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Evans Investment Advisors, L.L.C. (CRD 147000): Form ADV filing data as of October 2026.