Cove Capital Management Inc

CRD#284649
Investment Advisor Firm

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Learn more about Cove Capital Management Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Cove Capital Management Inc is a financial advisor company located in Brentwood, Tennessee. Cove Capital Management Inc handles $178.8 million in total assets throughout one client account, making it a mid-tier firm in the nation by assets under management (AUM). The firm has a small team, including 3 financial advisors. Cove Capital Management Inc is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as equities, bonds and options.

    Cove Capital Management Inc oversees all of the firm's accounts on a discretionary basis. Discretionary management means that transaction decisions are made by a portfolio manager without needing to seek client consent. The company oversees about $178.8 million for each account. An average advisor at Cove Capital Management Inc oversees fewer than one client account, placing it among the most personalized firms in the country.

    The firm's headquarters is at 7003 Chadwick Dr., Brentwood, Tennessee 37027. Cove Capital Management Inc is legally registered to serve investors in the state of Tennessee.

    Assets Under Management

    $178.8 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    7003 Chadwick Dr.
    Brentwood, TN 37027

    Cove Capital Management Inc by the Numbers

    Total Assets Under Management

    $178.8 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    1

    National Average: 375,227
    Average Account Size

    $178.8 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management typically are based on which services are provided. Fees charged by Cove Capital Management Inc can consist of any blend of the following fee types: performance-based or other. The company does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 69% of firms that offer this fee type

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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    Types of Clients

    The firm works with pooled investment vehicles. Cove Capital Management Inc's largest client type by number of accounts is pooled investment vehicles. Around 100% of its customers 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

    Cove Capital Management Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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