Everence Capital Management, Inc. (Goshen)


Everence Capital Management, Inc. is a large advisory firm based in Goshen. It manages $1.28 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Indiana.

Everence Capital Management provides portfolio management for investment companies and develop folio portfolio lists for other investment advisors. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Everence Capital Management: assets under management

The assets under management (AUM) of Everence Capital Management, Inc. is $1.28 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.28 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.84 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Everence Capital Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jaime Eduardo Alvarez serves?

The only and largest group of clients of Jaime Eduardo Alvarez is investment companies with 1 clients and $1.28 billion of assets under management. Among the 9 most similar advisory firms, Everence Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.28 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Everence Capital Management doesn't advise any private funds.

Careers at Everence Capital Management, Inc.

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jaime Eduardo Alvarez has been acting as President since 1 Jun 2008. Kenneth Dean Hochstetler joined the executive team most recently as the President/Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Delmar Kay King Asst treas 1 Jun 1971 Other 2120075
Marlo Jay Kauffman Asst secretary 1 May 1994 Other 2432286
Sidney Alan Richard Asst vice pres 1 Aug 1997 Other 4329740
Philip Ray Zimmerman Asst sec/chief compliance officer 1 Jan 2000 Other 4329742
George F Merryman Treasurer 1 Jan 2007 Other 5287858
Larry D Miller President/director 1 Jan 2007 Other 5287852
Jaime Eduardo Alvarez Cfo/secretary/director 1 Jun 2008 Other 5186976
Rodney D Diller Vice president/director 1 Jun 2008 Other 3237186
Melvin Louis Claassen Treas/chief financial officer/director 1 Jun 2008 Other 4578844
David C. Gautsche Assistant vice president/director 1 Jun 2008 Other 4262667
Inc. Everence Holdings Owner 1 Dec 2008 75% - 100% 26-3734671
Inc. Mma Holdings Owner 1 Dec 2008 75% - 100% 26-3734671
Inc. Everence Holdings Owner 1 Jan 2009 75% - 100% 26-3734671
Chad Michael Horning Director 1 Jan 2014 Other 4016306
Kenneth Dean Hochstetler President/director 1 Sep 2014 Other 4039345

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. Everence Association Owner 1 Jan 2009 75% - 100% 35-6059333

Based in Goshen

The principal office where Everence Capital Management, Inc. performs its advisory services is located at 1110 N Main St, Goshen, IN 46528 The mailing address of the firm is P.O. Box 483, Goshen, IN 46527. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 574-533-9511 or by fax 574-533-5264. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at everence.com.