Income-Focused Wealth Management
Income-Focused Wealth Management
Designed
for Income, Not Portfolio Liquidation
Designed
for Income, Not Portfolio Liquidation
Seeks to deliver rising cash flow over time for investors who prefer income-generating strategies over asset sales to fund retirement.
Seeks to deliver rising cash flow over time for investors who prefer income-generating strategies over asset sales to fund retirement.
~7–9%
Typical private income range (net)
2 Engines
Private income + dividend growth working together
Cash Flow
Designed around income, not withdrawals
The traditional 4% rule funds retirement by selling assets each year. Evergreen Income seeks to generate portfolio cash flow instead.
The traditional 4% rule funds retirement by selling assets each year. Evergreen Income seeks to generate portfolio cash flow instead.
Rather than spending down a portfolio, this framework is designed around cash flow first — seeking income that may grow over time through dividend increases and private distributions. Income is not guaranteed and may vary based on market conditions and manager performance.
Rather than spending down a portfolio, this framework is designed around cash flow first — seeking income that may grow over time through dividend increases and private distributions. Income is not guaranteed and may vary based on market conditions and manager performance.
How Evergreen Income Works
How Evergreen Income Works
Two investment engines seek to create a portfolio where income grows
over time, with the objective of reducing reliance on asset sales.
Two investment engines seek to create a portfolio where income grows
over time, with the objective of reducing reliance on asset sales.
Engine One
Private Income
Private Income
A diversified portfolio of private income strategies designed to seek income from contractual, asset-backed private investments. Private market investments involve illiquidity risk and are not suitable for all investors.
A diversified portfolio of private income strategies designed to seek income from contractual, asset-backed private investments. Private market investments involve illiquidity risk and are not suitable for all investors.
~7–9%
Model objective (net).
Not a guarantee.
Model objective (net).
Not a guarantee.
Engine two
Dividend Growth
Dividend Growth
A portfolio of cash-flowing companies with histories of raising their dividends, designed to seek compounding income over the long term. Dividends are not guaranteed and may be reduced or eliminated.
A portfolio of cash-flowing companies with histories of raising their dividends, designed to seek compounding income over the long term. Dividends are not guaranteed and may be reduced or eliminated.
~25–35 dividend growth companies
~25–35 dividend growth companies
Businesses with strong free cash flow
Businesses with strong free cash flow
Reinvestment seeks to accelerate income growth
Reinvestment seeks to accelerate income growth
The Foundation
The Foundation
Private Income Portfolio
Private Income Portfolio
Evergreen constructs diversified private income portfolios across multiple managers and lending strategies, focused on contractual, asset-backed cash flow rather than market speculation.
Evergreen constructs diversified private income portfolios across multiple managers and lending strategies, focused on contractual, asset-backed cash flow rather than market speculation.
Real Estate Debt
Real Estate Debt
Senior and subordinated loans secured by income-producing commercial and residential real estate — structured to prioritize return of capital and contractual yield.
Senior and subordinated loans secured by income-producing commercial and residential real estate — structured to prioritize return of capital and contractual yield.
Asset-Backed Lending
Asset-Backed Lending
Loans collateralized by equipment, receivables, or consumer assets — with defined collateral backing and structured repayment schedules that support income distributions.
Loans collateralized by equipment, receivables, or consumer assets — with defined collateral backing and structured repayment schedules that support income distributions.
Infrastructure Income
Infrastructure Income
Cash-flowing essential infrastructure assets — including energy infrastructure and utility systems — where revenues are often underpinned by long-term contracts or regulated frameworks.
Cash-flowing essential infrastructure assets — including energy infrastructure and utility systems — where revenues are often underpinned by long-term contracts or regulated frameworks.
2–5
2–5
2–5
Institutional managers
Institutional managers
~7–9%
~7–9%
~7–9%
Model objective (net).
Model objective (net).
Diversified
Diversified
Diversified
Borrowers & collateral types
Borrowers & collateral types
Contractual
Contractual
Contractual
Cash flow focus
Cash flow focus
Educational Concept
Educational Concept
Understanding Yield on Initial Investment
Understanding Yield on Initial Investment
One of the most powerful (and overlooked) ideas in long-term income investing is how yield on your original investment can grow substantially over time.
One of the most powerful (and overlooked) ideas in long-term income investing is how yield on your original investment can grow substantially over time.
Why Rising Income Compounds
Why Rising Income Compounds
When you invest for income, yield is simply annual income divided by what you paid. If that income grows each year through dividend increases or reinvested distributions, the income rises relative to your original investment.
A portfolio starting with a 4% yield and growing income at 8% annually may generate roughly 8% on the original investment over time.
When you invest for income, yield is simply annual income divided by what you paid. If that income grows each year through dividend increases or reinvested distributions, the income rises relative to your original investment.
A portfolio starting with a 4% yield and growing income at 8% annually may generate roughly 8% on the original investment over time.
The capital doesn't change. The income does.
The capital doesn't change. The income does.
Annual Income Today
Annual Income Today
Original Capital Invested
Original Capital Invested
=
Yield on Cost
Yield on Cost
Grows as income rises over time
Yield on Initial Investment Formula
Yield on Initial Investment Formula
Implementation
Implementation
How Investors Use Evergreen Income
How Investors Use Evergreen Income
Evergreen Income can be implemented as a standalone private income allocation, or as a complete managed strategy — depending on your existing portfolio and goals.
Evergreen Income can be implemented as a standalone private income allocation, or as a complete managed strategy — depending on your existing portfolio and goals.
Option 1
Private Income Sleeve Only
Private Income Sleeve Only
We build and manage a private income allocation within your existing portfolio - typically 2–5 funds sized at 10–50% of investable assets. Evergreen advises on this allocation only, not your broader holdings.
We build and manage a private income allocation within your existing portfolio - typically 2–5 funds sized at 10–50% of investable assets. Evergreen advises on this allocation only, not your broader holdings.
Your Portfolio
Existing Holdings (managed separately)
Existing Holdings (managed separately)
Private Income ← Evergreen manages
Private Income ← Evergreen manages
Typically 10–50% of investable assets. Sized to your cash flow needs and liquidity requirements.
Option 2
Full Evergreen Income Strategy
Full Evergreen Income Strategy
Combines private income with a dividend growth equity portfolio to produce income today and rising income over time. Evergreen manages both allocations as a unified strategy.
Combines private income with a dividend growth equity portfolio to produce income today and rising income over time. Evergreen manages both allocations as a unified strategy.
Private Income — ~50%
Dividend Growth — ~50%
portfolio
portfolio
Private Income ← Evergreen manages
Private Income ← Evergreen manages
Dividend Growth ← Evergreen manages
Dividend Growth ← Evergreen manages
Full Strategy
Allocations are tailored to balance immediate liquidity needs with long-term private income targets.
Learn How Evergreen Income Could Work for Your Portfolio
Learn How Evergreen Income Could Work for Your Portfolio
A 30-minute conversation to understand your situation and whether this framework is a fit.
A 30-minute conversation to understand your situation and whether this framework is a fit.