Evertern Wealth sends partners to multi-state families

Evertern Wealth sends partners to clients across state lines, according to InvestmentNews's report on RIAs serving multi-state families. Mic Lundon, a founding partner, spends four to six weeks a year in Minnesota and Ohio, where he is originally from and still has family. In summer, business partner Jason Stephens travels to where clients are.

Stephens, Evertern's founder and managing partner, describes clients who once wintered in Florida now spending six or seven months in the state, summers in the Northeast or Midwest, and several weeks abroad. Where those families spend extended time, he said, the firm builds several days of meetings around a single trip.

Evertern reports $1.6 billion in regulatory assets, 1,153 accounts, five representatives and 12 employees. Spread across that book, each account averages roughly $1.4 million.

Stephens said technology makes the work easier, but his firm does not treat video calls as a substitute for presence: 'we do not believe Zoom replaces personal relationships.'

Florida's net migration was 201,191 residents in 2025, down from nearly 599,000 at the 2022 peak, according to Census Bureau estimates analyzed by the University of Florida. On those two figures the decline is roughly two-thirds.

The households already splitting their year are not rushing back to one address, though. They accumulate properties, businesses and tax exposure in more than one jurisdiction, so the servicing burden outlasts the migration wave that created it.

Domicile is where much of that work lands. Every move raises the question of which state a client legally treats as a permanent home for tax purposes, and Stephens said the residency rules that trip up wealthy movers remain a planning priority. Residency files need documentation, dates and an advisor who knows how a family actually spends its year.

InvestmentNews reported in August that Stephens and Lundon launched the firm after a two-and-a-half-year process, leaving UBS after more than four decades combined.

The client base is also getting younger. Stephens said a growing number of younger business owners and executives are moving to Florida for lifestyle, business opportunities, tax savings and education — clients whose companies, homes and children make a single-office service model awkward.

For a multifamily office, Stephens said, 'wealth management should follow the family, not the other way around.'