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Noncontrolling Interest (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Noncontrolling Interest [Abstract] |
Schedule of Noncontrolling Interest | Noncontrolling ownership interests for the Company's subsidiaries were as follows:
| As of March 31,
| 2024 |  | 2023 |  |
Evercore LP | 6 | % |  | 7 | % |  |
Evercore Wealth Management ("EWM")(1) | 26 | % |  | 25 | % |  |
(1)Noncontrolling Interests as of March 31, 2023 represent a blended rate for multiple classes of interests in EWM.
Changes in Noncontrolling Interest | Changes in Noncontrolling Interest for the three months ended March 31, 2024 and 2023 were as follows:
| For the Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |  |  |
Beginning balance | $ | 205,556 |  |  | $ | 189,607 |  |  |  |  |  |  |
Comprehensive Income: |  |  |  |  |  |  |  |  |
Net Income Attributable to Noncontrolling Interest | 7,431 |  |  | 8,863 |  |  |  |  |  |  |
Other Comprehensive Income (Loss) | (299) |  |  | 216 |  |  |  |  |  |  |
Total Comprehensive Income | 7,132 |  |  | 9,079 |  |  |  |  |  |  |
Evercore LP Units Exchanged for Class A Shares | (6,146) |  |  | (1,478) |  |  |  |  |  |  |
Amortization and Vesting of LP Units | 6,350 |  |  | 6,460 |  |  |  |  |  |  |
Other Items: |  |  |  |  |  |  |  |  |
Distributions to Noncontrolling Interests | (9,438) |  |  | (10,390) |  |  |  |  |  |  |
Total Other Items | (9,438) |  |  | (10,390) |  |  |  |  |  |  |
Ending balance | $ | 203,454 |  |  | $ | 193,278 |  |  |  |  |  |  |

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