COVE PRIVATE WEALTH, LLC

RIASEC RegisteredEst. 2021
Total AUM
$455M
Discretionary
$455M
100% of AUM
Avg account
$4.8M
Accounts
95
Employees
2
Advisory reps
3

Firm details

Headquarters
OYSTER BAY, New York
CRD number
316866
Registered since
November 24, 2021
Custodians
GOLDMAN SACHS & CO. LLC, BOFA SECURITIES, INC.
Fee structure
Percentage of AUM
Client types
  • HNWI97.97%
  • Charitable Organizations1.2%
  • Pension & Profit Sharing Plans0.81%
  • Corporations / Businesses0.02%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension Consulting

Firm profile

FINTRX

Overview

Cove Private Wealth, LLC is an independent registered investment adviser formed in 2021 and organized as an LLC. The firm serves both individual and family clients as well as institutional clients, charging fees based on a percentage of assets under management. Its advisory services span financial planning, discretionary portfolio management for individuals and small businesses, portfolio management for businesses or institutions, and pension consulting. The firm does not self-identify as an active ESG investor and is not presented as a capital allocator.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 78%, Cash & Cash Equivalents 9%, State & Local Bonds 8%, US Government Bonds 3%, Non-Exchange Traded Equities 1%, Investment Grade Corp Bonds 1%78%
  • Exchange Traded Equities78%
  • Cash & Cash Equivalents9%
  • State & Local Bonds8%
  • US Government Bonds3%
  • Non-Exchange Traded Equities1%

Contacts

3 of 3
  • PETER BURKLY

    AdvisorCRD 2432718

  • Jeffrey Whalen

    Managing MemberCRD 7290437

  • JOSEPH CAPEZZA

    Managing MemberCRD 5555043

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 45

Active vs passive

$65.3M in ETFs

Passive

99%

$64.8M

Active

<1%

$457K

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD 500 INDEX FUND (VOO)VanguardPassiveLarge Blend$7.6M12,70311.63%

Location

Primary office

OYSTER BAY, NY

NASSAU

Location

OYSTER BAY, NY

Headquartered in OYSTER BAY, NY, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
NASSAU
Address
44 Yellow Cote Rd
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth