Cove Hill Partners, L.P. (Boston)

Name: Cove Hill Partners, L.P.
Address: 888 Boylston Street, Boston, MA, 02199
Telephone: 857-245-6060

Cove Hill Partners, L.P. is a large advisory firm based in Boston. It manages $1.05 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Massachusetts.

Cove Hill Partners 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.

Cove Hill Partners: assets under management

The assets under management (AUM) of Cove Hill Partners, L.P. is $1.05 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.05 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $349.64 million each.

Cove Hill Partners has custody of $3.23 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cove Hill Partners, L.P. for their services and products based on a percentage of assets under management. 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.

What kind of clients Cove Hill Partners serves?

The only and largest group of clients of Cove Hill Partners is pooled investment vehicles with 3 clients and $1.05 billion of assets under management. Among the 9 most similar advisory firms, Cove Hill Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.05 billion for 3 clients. None of the firm’s clients are foreign persons or businesses.

Cove Hill Partners also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $20,000,000.

Careers at Cove Hill Partners, L.P.

The company employs 22 people that are either part- or full-time employees. 68 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Brett Balson	Managing partner	1 Jan 2017	75% - 100%	1526671
Llc Cove Hill Partners Management	General partner	1 Jan 2017	Other	81-5027243
Lara Fox Moskowitz	Chief compliance officer & chief operating officer	1 Feb 2017	Other	5400983
Justin Erwick Roberts	Managing director	1 Feb 2017	Other	5020491
Keith Edward Power	Chief financial officer	1 Jun 2017	Other	6802877
Zachary James Kaplan	Managing director	1 Feb 2018	Other	7087723
David Eric Katz	Chief compliance officer and associate general counsel	1 May 2019	Other	7114074

Based in Boston

The principal office where Cove Hill Partners, L.P. performs its advisory services is located at 888 Boylston Street, Boston, MA 02199, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 857-245-6060 or by fax 617-249-1524. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/cove-hill-partners.