Los Angeles, Texas and major east coast cities are being targeted by Evercore Wealth Management as the New York-based firm zeroes in on its hunt for opportunistic strategic acquisitions - and ultra-high-net-worth clients.

"You have to go where the money is," says Evercore chief executive Jeff Maurer. "We now have a business in San Francisco, so Los Angeles is a logical target. On the east coast, we're looking at Boston, Philadelphia, Washington, D.C. and Florida. And Texas remains a very appealing market."

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