Covision Advisors LLC
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Overview
Covision Advisors LLC operates as an advisory firm located in New York, New York. It handles $708.4 million in assets throughout five customer accounts, placing it among the larger firms in the United States by assets under management (AUM). Covision Advisors LLC has a small team, including 7 financial advisors. Covision Advisors LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like bonds, options and stocks.
Covision Advisors LLC administers all of its client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell judgments for the client's account without needing to seek the customer's consent. The investment advisory firm oversees about $141.7 million in assets for every customer account. The typical advisor at Covision Advisors LLC administers fewer than one client account, placing it among the most personalized firms in the country.
The company's central office is located at 485 Madison Avenue - 23Rd Fl., New York, New York 10022. The company is legally permitted to provide services to investors in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Covision Advisors LLC by the Numbers
$708.4 million
8
5
$141.7 million
Products and Services
Covision Advisors LLC offers a number of services, which can include portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. It is not engaged in selling products or offering services other than investment advisory services to its investment advisory customers. The company is also affiliated with a number of other service providers in the financial services industry, including with a commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees usually are based on which services the firm provides the client. However, fee types billed by Covision Advisors LLC most likely are comprised of some blend of the following fee structures: asset-based, fixed or performance-based. The company does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It caters to pooled investment vehicles. Out of its five customers, Covision Advisors LLC's largest client type by number of accounts is pooled investment vehicles. Around 20% of the firm's accounts are non-U.S. persons.
- 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
Covision Advisors LLC does not have any disclosures.
Please visit its Form ADV for more details.
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