Covington & Associates, INC.
Assets Under Management
$279.5M
Number of Clients
43
Number of Advisors
2
Average Client AUM
$6.5M
AUM per Advisor
$139.8M
Compensation
Fee-Only (AUM)
About This Firm
Covington & Associates provides personalized investment advisory services, managing portfolios with objectives from capital preservation to aggressive growth. They customize portfolios based on client's risk and reward expectations, investing in stocks, bonds, mutual funds, ETFs, REITs, and options. Clients have direct access to the advisory team.
Fee Structure
Covington charges an annual investment advisory fee ranging from 0.5% to 1% of assets under management, depending on the client's individual situation and investment strategy. Fees are charged at the end of each quarter, calculated by multiplying the client’s ending portfolio balance by the appropriate percentage (.125% - .25%). There are no fixed-term contracts, and either party may cancel the agreement in writing at any time.
Areas of Practice
Location
597 Westfield Ave, Westfield, NJ, 07090-3300