Cove Street Capital, LLC is a large advisory firm based in El Segundo. It manages $900.21 million of regulatory assets for 116 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, New York, and Texas.
Cove Street Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Street Capital, LLC is $900.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 80% since the beginning of its operation, and $22.08 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Cove Street Capital, LLC for their services and products based on a percentage of assets under management 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 firm provides services to individuals, investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Matthew James Weber is pension and profit sharing plans with 14 clients and $334.08 million of assets under management. Among the 10 most similar advisory firms, Cove Street Capital has the 2nd highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $757.84 million for 108 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Cove Street Capital doesn't advise any private funds.
The company employs 12 people that are either part- or full-time employees. 42 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Matthew James Weber has been acting as President since 1 Jan 2018. Jeffrey Bronchick has served as the Chief Investment Officer since 1 Jun 2011. Merihan Nabil Emil Tynan joined the executive team most recently as the Chief Compliance Officer.
The principal office where Cove Street Capital, LLC performs its advisory services is located at 2101 East El Segundo Boulevard, El Segundo, CA 90245, 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 424-221-5897 or by fax 424-221-5888. The normal business hours are 06:30 - 16:00 on Monday - Friday. You can find more information about the New York firm at covestreetcapital.com and its LinkedIn profile.