Evercore has made some adjustments to its equities business, but advisory remains the core.
Narrow-moat Evercore Partners reported record first half of 2017 revenue, but as with other financial advisory-focused firms, we remain cautious in our outlook for financial advisory revenue over the next four quarters. We are even a little more cautious on Evercore than other investment banks, as it’s relatively less diversified. Over the last 12 months, only approximately 30% of its revenue came from outside of the Americas, and it’s the U.S. policy uncertainty that may be weighing on the mind...Evercore is a holding company. Through its subsidiaries, the company is an investment banking advisory firm. The company's segments include: Investment Banking, which includes the advisory business through which it provides advice to clients on mergers, acquisitions, divestitures, shareholder activism and other corporate transactions, and the Evercore International Strategy and Investment business through which it provides macroeconomic, policy and fundamental equity research and agency-based equity securities trading for institutional investors; and Investment Management, which includes the wealth management business through which it provides investment advisory, wealth management and fiduciary services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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