New York Wealth Management Firm Opens Mpls. Office

The firm also named six new partners-all local wealth managers who came from Lowry Hill and will work out of the new office.

Evercore Wealth Management, an asset management firm based in New York, announced Tuesday that it has opened an office in downtown Minneapolis.

Evercore offers customized investment management, financial planning, trust, and custody services to high net worth clients-individuals, families, or institutional investors with assets totaling $5 million or more.

The local office-the firm's third after New York and San Francisco-will serve as its Midwest headquarters. The office opened on Tuesday and is located in the Fifth Street Towers-at 150 South Fifth Street. Aline Sullivan, a spokeswoman for Evercore, said Tuesday that the new location will help the firm serve clients throughout the region, and that it will work in conjunction with the other offices.

“The expansion of Evercore Wealth Management in the Midwest is a significant step in our development as a leading national firm,” CEO Jeff Maurer said in a statement. “We welcome our new colleagues, who have deep experience and share our partnership values.”

The local office currently has eight employees, including the firm's six new partners, all of whom came from Lowry Hill, a Minneapolis-based private asset management firm and a division of Wells Fargo Bank.

The new partners are: Martha Pomerantz, Julie Krieger, Pam Lundell, Jason Anderson, Stacie Price, and Michael Seppelt.

Evercore Wealth Management, which employs about 50 people across its three offices, was founded in November 2008 and managed client assets totaling $2.9 billion as of June 30. The firm is a subsidiary of Evercore Partners, an investment banking advisory firm based in New York.