# Griffiths, Dreher & Evans

Griffiths, Dreher & Evans is a RIA based in Spokane, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Spokane, United States
- **Region:** North America
- **Address:** Spokane Valley, WA, United States
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** jointhetwopercent.com

## Regulatory record

- **CRD number:** 142448
- **SEC file number:** 801-121376
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/142448

## About

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.

## Sectors

- Real Estate
- Private Credit

## People

- Michael Griffiths — Principal
- Gary Dreher — Principal
- Jeffrey Evans — Principal

## Questions

### 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.

### 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.

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Last updated: 2026-06-03T20:00:00.000Z

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