Evercore Wealth Management Completes Acquisition of Investment Firm Morse Williams

Evercore Wealth Management Also Completes Acquisition of The Wall Street Fund

NEW YORK--()--Evercore Wealth Management today announced the completion of the acquisition of Morse, Williams and Company, Inc. Founded in 1981 as an SEC registered investment advisor, Morse Williams manages approximately $190 million for individual clients, families and related institutions.

In a related transaction, Evercore Wealth Management also completed the acquisition of The Wall Street Fund, a $12 million mutual fund. Evercore Wealth Management partners Robert Morse and Tim Evnin will co-manage the fund.

The Wall Street Fund, symbol "WALLX" on NASDAQ, was launched on December 23, 1945. The fund’s primary investment objective is to achieve capital growth through diversified stock investments.

About Evercore Wealth Management

Evercore Wealth Management, LLC, a subsidiary of Evercore Partners Inc., serves high net worth individuals, families and related institutions, delivering customized investment management, financial planning, trust and custody services. Evercore Wealth Management is a registered investment advisor, with offices in New York and San Francisco. The firm, which was founded in November 2008, manages client assets totaling $1.7 billion, as of March 31, 2010. Additionally, Evercore Wealth Management offers personal trust services to its clients though Evercore Trust Company, N.A., a chartered national trust bank with $30.6 billion in assets under administration, as of March 31, 2010. More information about Evercore Wealth Management and its team of advisors can be found at www.evercorewealthmanagement.com.

About Evercore Partners

Evercore Partners is a leading independent investment banking advisory firm. Evercore's advisory business advises its clients on mergers, acquisitions, divestitures, restructurings, financings and other strategic transactions. Evercore's investment management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from its offices in New York, Boston, Houston, Los Angeles, San Francisco, Washington D.C., London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the Company's website at www.evercore.com

Contacts

For Evercore Wealth Management:
Media:
Sally Cates, 914-671-5478
sally@kensingtonprivate.com
or
Aline Sullivan
203-918-3389 / +44 (0) 7854 885 181
aline@kensingtonprivate.com
or
info@kensingtonprivate.com

Contacts

For Evercore Wealth Management:
Media:
Sally Cates, 914-671-5478
sally@kensingtonprivate.com
or
Aline Sullivan
203-918-3389 / +44 (0) 7854 885 181
aline@kensingtonprivate.com
or
info@kensingtonprivate.com