Evolve Private Wealth Names Zico Parmar as Chief Operating Officer

Institutional operations leader to build scalable infrastructure and support firm’s next phase of growth

LOS ANGELES--(BUSINESS WIRE)--Evolve Private Wealth (“Evolve”), an independent wealth management firm serving high-net-worth and ultra-high-net-worth families, today announced that Zico Parmar has joined the firm as Chief Operating Officer, further strengthening its leadership team as the firm continues its rapid organic growth and strategic expansion nationwide.

Parmar most recently served as Managing Director at IEQ Capital, where he helped transform the firm from a startup into an RIA supporting $42 billion in assets under management. During his tenure, he built and scaled firmwide operating infrastructure and drove enterprise platform consolidation.

Parmar joins Evolve at a pivotal moment of transition for the firm. On February 18 Evolve announced the arrival of former Morgan Stanley advisor Brett Cohen as Managing Partner, two weeks after the firm underwent a rebrand and name change. The firm’s founding partners departed from Wells Fargo Advisors in 2022 to establish an independent, employee-owned firm serving high-net-worth families.

In his role as Evolve’s Chief Operating Officer, Parmar will lead operational strategy and build a scalable platform designed to enhance advisor productivity and client experience.

“Zico brings an exceptional track record of institutionalizing operations without sacrificing agility,” said Jonathan Lewis, Managing Partner at Evolve Private Wealth. “His experience scaling high-performing advisory platforms and his commitment to modernizing systems will be instrumental as we continue to position Evolve for long-term growth.”

Parmar’s wealth management career began in 2014 at First Republic Investment Management – Luminous (FRIM-L) before he moved to IEQ Capital, where he rose from a temporary role to Managing Director. At First Republic, he established and led a sub-divisional back-office team that supported FRIM-L’s growth from $7 billion to $15 billion in AUM, building scalable infrastructure aligned with bank-level controls while supporting boutique investment teams. Across both organizations, he led the modernization and automation of operational workflows, focusing on scalability as a foundation for growth.

At Evolve, Parmar plans to introduce new vendors such as Dispatch, an integrated technology platform that enables financial advisors to seamlessly synchronize client data across their technology stack. This eliminates the need for the costly, custom-built data integrations typically employed by larger institutions. Additionally, working with Evolve’s partners, he will build out the firm’s back-office teams, including data analytics, and establish a dedicated client-facing operation to further elevate service delivery.

“I’m incredibly excited about Evolve’s collaborative approach and next-generation leadership,” Parmar said. “This is a firm that is growing organically and thoughtfully, and I’m eager to help build an operational platform that truly serves clients’ specific goals and empowers advisors to go win new relationships.”

About Evolve Private Wealth

Evolve Private Wealth, LLC is an independent wealth management firm dedicated to serving the complex needs of high-net-worth families across the U.S. Evolve is committed to delivering personalized financial planning and investment solutions backed by evidence-based methodologies and a holistic approach to tax, retirement, insurance, education and estate planning. Evolve is a registered investment advisor with the U.S. Securities and Exchange Commission. Visit www.evolveprivatewealth.com.