$25B Evoke Advisors Buys Crescent Bay Advisors 

Evoke Advisors, a $25.3 billion registered investment advisory firm, has acquired multifamily office Crescent Bay Advisors (CBA), expanding its capabilities of family office services to their clients, which include ultra-high net worth families and individuals.  

The combined firm is headquartered in Los Angeles with additional office locations in Orange County, CA and West Palm Beach, FL. 

CBA founder and president Larry Abrahams joins Evoke as a managing partner with existing managing partners David Hou, Mark Sear, Eric Bright, Darell Krasnoff, Andrew Palmer, Alex Shahidi, and Damien Bisserier. 

“Our mission since the founding of Evoke has been to create a client-focused organization,” said Evoke co-founder and managing partner, David Hou. “The acquisition of CBA supports this mission by adding a Family Office Services team that provides a customized and fully integrated client experience.” 

Abrahams stated that the firm was delighted to “officially formalize” its partnership with Evoke, which began with the establishment of CBA in 2009, when Hou and his associates were still affiliated with First Republic. CBA provides a variety of services, including estate planning, personal accounting, bill pay, and risk management. 

Terms of the transaction were not disclosed.