What primary benefit does the independent advisory model offer according to Evercore's strategy?

The independent advisory model emphasizes a focus on specific, high-quality client engagements as a primary benefit. This model allows for tailored advice catering to the unique needs of each client, ensuring that the advisory services are not only strategic but also deeply aligned with the client's business objectives. By concentrating on fewer clients or projects, advisors can devote more time and resources to provide exceptional service, fostering deeper relationships and trust.

Additionally, this approach often leads to better outcomes for clients, as the advisory team can immerse itself in the intricacies of a client's situation without the distraction of managing conflicting interests, which might occur in models where advisors are more aligned with larger firms or multiple clients. This level of dedicated attention is a hallmark of independent advisory firms like Evercore, setting them apart in the competitive financial advisory landscape.