Cove Property Group LLC is a large advisory firm based in New York. It manages $887 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.
Cove Property Group provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cove Property Group LLC is $887 million. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cove Property Group LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Cove Property Group is pooled investment vehicles with 2 clients and $887 million of assets under management. Among the 8 most similar advisory firms, Cove Property Group has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $887 million for 2 clients. None of the firm’s clients are foreign persons or businesses.
Cove Property Group doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Cove Property Group LLC performs its advisory services is located at 501 Madison Ave, 5 Th Floor, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (212) 935-4912. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at covepg.com/ and its LinkedIn profile.