Cloverlay Investment Management, LLC
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Overview
Cloverlay Investment Management, LLC operates as a financial advisor firm that has its headquarters in Conshohocken, Pennsylvania. The firm oversees $1.4 billion in assets across 12 client accounts, placing it among the largest firms in the country by assets under management (AUM). The firm has a small group, including 9 financial advisors. Cloverlay Investment Management, LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like stocks, options and bonds.
Cloverlay Investment Management, LLC administers eight of the firm's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction choices for the client's account without needing client approval. Cloverlay Investment Management, LLC also manages four non-discretionary accounts totaling $687.6 million in AUM. The investment advisory firm's typical account size is $118.3 million. The typical financial advisor at Cloverlay Investment Management, LLC manages around one client account, placing it among the most personalized advisor firms in the country.
The firm's main office is at 161 Washington Street, Conshohocken, Pennsylvania 19428. Cloverlay Investment Management, LLC is legally permitted to serve investors in the state of Pennsylvania.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cloverlay Investment Management, LLC by the Numbers
$1.4 billion
15
12
$118.3 million
Fee Structure
Financial management fees usually are based on which services the firm provides the client. However, fee types billed by the company likely are comprised of the following fee types: asset-based or performance-based. The company does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Cloverlay Investment Management, LLC caters to investment companies and pooled investment vehicles. Out of its 12 clients, Cloverlay Investment Management, LLC's biggest client group is pooled investment vehicles. Just 2% of its clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Cloverlay Investment Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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