{
  "crd_number": 149615,
  "slug": "evoadvisors-richmond-va-149615",
  "primary_business_name": "EVOADVISORS",
  "legal_name": "EVOLUTION ADVISERS, INC.",
  "dbas": [],
  "city": "Richmond",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "40060",
  "metro": {
    "cbsa_code": "40060",
    "common_name": "Richmond",
    "msa_name": "Richmond, VA",
    "path": "/advisors/va/richmond"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-07-10",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-04-28",
  "carried_forward": false,
  "raum_total": 337176397.0,
  "raum_discretionary": 321845796.0,
  "raum_non_discretionary": 15330601.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 368355.0,
      "count": 1
    },
    "individuals": {
      "raum": 36222883.0,
      "count": 71
    },
    "high_net_worth_individuals": {
      "raum": 300585159.0,
      "count": 96
    }
  },
  "compensation_types": [
    "fixed"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CO",
    "FL",
    "NC",
    "NH",
    "TX",
    "VA"
  ],
  "websites": [
    "https://evoadvisers.com",
    "https://facebook.com/EVOadvisers",
    "https://instagram.com/evoadvisers",
    "https://instagram.com/evofipodcast",
    "https://linkedin.com/company/evoadvisers",
    "https://twitter.com/EVOADVICE",
    "https://twitter.com/EVOfipodcast",
    "https://youtube.com/channel/UC9TR-QRiRpkTgEDvYY4ayHw/videos?sort=da&view=0"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149615",
  "city_as_filed": "RICHMOND",
  "url": "https://advisorcensus.com/firm/evoadvisors-richmond-va-149615",
  "display_name": "Evoadvisors",
  "summary": "Evoadvisors is an SEC-registered investment advisory firm in Richmond, VA, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 28, 2026.",
  "citation": "AdvisorCensus. Evoadvisors (CRD 149615): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Evoadvisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Evoadvisors reports these compensation arrangements: fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Evoadvisors charge?",
      "a": "Its Form ADV Part 2A brochure dated April 28, 2026 states: Hourly rate: $400 an hour (analysis and support for non-managed investment real estate); Flat fee: $10,000 a year (EvoAdvisors Financial Planning and Investment Advisory Services Program…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Evoadvisors located?",
      "a": "Evoadvisors' principal office is in Richmond, VA, according to its Form ADV."
    },
    {
      "q": "Is Evoadvisors registered with the SEC or a state?",
      "a": "Evoadvisors is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 149615."
    },
    {
      "q": "How much does Evoadvisors manage?",
      "a": "Evoadvisors reports $337,176,397 in regulatory assets under management in its Form ADV filing dated April 28, 2026 (95% discretionary)."
    },
    {
      "q": "How have Evoadvisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Evoadvisors: Regulatory assets under management: $171,668,911 in the October 2021 data and $337,176,397 in the October 2026 data, up 96%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Evoadvisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (96); individuals (other than high net worth individuals) (71); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Evoadvisors use?",
      "a": "Evoadvisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Evoadvisors report any disciplinary disclosures?",
      "a": "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/149615"
    },
    {
      "q": "Does Evoadvisors state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 28, 2026 says: \"There is no minimum account size requirement to provide investment management services.\""
    },
    {
      "q": "What changed in Evoadvisors' recent Form ADV filings?",
      "a": "In the February 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $270,996,007 to $337,176,397 (+24%). Registered or notice-filed in FL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 171668911.0,
      "total_employees": 6,
      "filing_date": "2021-07-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 184826380.0,
      "total_employees": 6,
      "filing_date": "2022-08-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 182714410.0,
      "total_employees": 7,
      "filing_date": "2023-01-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 231707517.0,
      "total_employees": 7,
      "filing_date": "2024-06-10"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 270996007.0,
      "total_employees": 8,
      "filing_date": "2025-01-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 337176397.0,
      "total_employees": 7,
      "filing_date": "2026-04-28"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 6.",
        "Regulatory assets under management went from $270,996,007 to $337,176,397 (+24%).",
        "Registered or notice-filed in FL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 28, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $400 an hour (analysis and support for non-managed investment real estate)",
      "Flat fee: $10,000 a year (EvoAdvisors Financial Planning and Investment Advisory Services Program…)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no minimum account size requirement to provide investment management services."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $400 an hour (analysis and support for non-managed investment real estate)"
        ],
        "quotes": [
          "Beginning October 2023, there is an additional fee of $400 per hour for analysis and support for non-managed investment real estate."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $10,000 a year (EvoAdvisors Financial Planning and Investment Advisory Services Program…)"
        ],
        "quotes": [
          "There is a minimum annual flat fee of $10,000 for new clients utilizing the EvoAdvisors Financial Planning and Investment Advisory Services Program services."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 400.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "analysis and support for non-managed investment real estate"
        },
        {
          "kind": "flat",
          "amount": 10000.0,
          "min": null,
          "max": null,
          "period": "annual",
          "service": "EvoAdvisors Financial Planning and Investment Advisory Services Program services"
        }
      ]
    },
    "quotes": [
      "There is no minimum account size requirement to provide investment management services.",
      "Beginning October 2023, there is an additional fee of $400 per hour for analysis and support for non-managed investment real estate.",
      "There is a minimum annual flat fee of $10,000 for new clients utilizing the EvoAdvisors Financial Planning and Investment Advisory Services Program services."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Altruist Financial LLC",
      "name_as_filed": "ALTRUIST FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/evoadvisors-richmond-va-149615.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 71,
      "fewer_than_5": false,
      "raum": 36222883.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 96,
      "fewer_than_5": false,
      "raum": 300585159.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": false,
      "raum": 368355.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149615",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}