Asset Manager

Updated:

Griffiths, Dreher & Evans

The firm launched in 1992 as a reaction to the commissioned-broker model that the three named principals saw as misaligned with the interests of...

Griffiths, Dreher & Evans

The firm launched in 1992 as a reaction to the commissioned-broker model that the three named principals saw as misaligned with the interests of substantial local families. Based in Spokane Valley, Griffiths, Dreher & Evans positioned itself from day one as a fee-only fiduciary, deliberately severing ties with the regional broker-dealer ecosystem. The founding generation of client wealth in its market came disproportionately from timber, mining, and agricultural landholdings—portfolios that required liquidity-event management and multi-generational tax planning rather than simple mutual-fund allocation. Strategy and deployment center on two distinct lanes. The first is a conventional RIA stack: asset allocation, manager selection, and consolidated household reporting for high-net-worth families. The second, reflected in the firm's "Join the Two Percent" branding, is a private-placement capability that makes direct alternative investments available to qualified clients. While the firm does not publicly disclose a comprehensive portfolio list, it has historically oriented toward income-producing real assets and private credit structures in the Pacific Northwest and Mountain West. The firm's geographic footprint concentrates on Washington, Idaho, and Montana, where relationships with local developers and operating-company owners generate deal flow that coastal allocators cannot easily replicate. Team scale remains deliberately opaque. The firm operates as a closely held partnership with the three name-on-the-door principals still active in client and investment decisions as of early 2025. No outside capital partner, roll-up platform, or institutional minority investor has been disclosed. The firm has not launched a charitable foundation or donor-advised-fund program under its own banner, though it structures philanthropic vehicles for individual families as part of its planning work. No adjacent club or membership vehicle is publicly associated with the firm. Structurally, the firm occupies a rare niche: a direct-alternatives sourcing capability inside a regional RIA wrapper. Most inland Northwest wealth managers either route private deals through broker-dealer platforms or outsource entirely to fund-of-funds. Griffiths, Dreher & Evans exists because three partners concluded in 1992 that the local wealthy deserved what family offices in Seattle and San Francisco took for granted—and built a firm whose brand still reminds prospects that the "Two Percent" receive a different standard of care.

General information

Firm type

RIA

Year founded

1992

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Spokane Valley

Corporate office

Spokane Valley, WA, United States

Principals

Michael Griffiths

Principal

Gary Dreher

Principal

Jeffrey Evans

Principal

Sector focus

Real EstatePrivate Credit

Frequently asked questions

Who runs investment decisions at Griffiths, Dreher & Evans?

The three named principals—Michael Griffiths, Gary Dreher, and Jeffrey Evans—collectively make investment decisions. The firm operates as a closely held partnership, and public records do not indicate a separate CIO or external investment committee. All three have been with the firm since its 1992 founding, suggesting continuity of decision-making across market cycles.

Is Griffiths, Dreher & Evans a single-family office or a multi-family RIA?

It is a registered investment advisor serving multiple high-net-worth families and individuals, not a single-family office. The firm's branding around the 'Two Percent' refers to its target client demographic rather than affiliation with any single source of wealth. Its Spokane Valley location and independence from any broker-dealer platform distinguish it from most multi-family offices, which tend to cluster in major coastal cities.

Does the firm offer direct private investments or only fund-of-funds access?

The firm makes direct private placements available to qualified clients, according to its own marketing positioning. This is atypical for a regional RIA of its size and geography. While the firm does not publish a track record or specific deal list, its public-facing materials emphasize direct alternatives rather than simply aggregating third-party fund commitments.

What does the 'Two Percent' branding mean?

The domain jointhetwopercent.com and associated branding refer to the firm's target clientele: the top tier of affluent households in its region. It is a marketing construct positioning the firm's services as an exclusive alternative to mass-market wealth management, not a reference to any fee structure or investment threshold.

Does Griffiths, Dreher & Evans custody assets itself?

No. As a registered investment advisor, the firm does not hold client assets in custody. Client accounts are held at third-party qualified custodians, consistent with SEC regulations for fee-only RIAs. The firm's fiduciary obligation runs to the client, not to any parent bank or broker-dealer.

Which types of alternative investments does the firm favor?

Based on the firm's geographic base and typical client profiles—timber, mining, and agricultural wealth in the inland Northwest—the alternative allocation likely emphasizes income-producing real assets and private credit. Direct real estate investments and lending structures backed by hard assets are consistent with both the regional opportunity set and the tax-planning needs of multi-generational land-based wealth.

Has the firm sold equity to an outside investor or aggregator?

No public record of any outside capital partner, private equity investment, or roll-up transaction exists. The firm remains a partnership controlled by its three named principals, an increasingly rare structure in an industry where regional RIAs are routinely acquired by consolidators and institutional platforms.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on family offices?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo