Covariance Capital Management, Inc. (Houston)

Name: Covariance Capital Management, Inc.
Address: 1221 Mckinney Street, Houston, TX, 77010
Telephone: 713-770-2000

Covariance Capital Management, Inc. is a large advisory firm based in Houston. It manages $3.81 billion of regulatory assets for 31 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut, Illinois, Massachusetts, and 3 other states.

Covariance Capital Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Covariance Capital Management: assets under management

The assets under management (AUM) of Covariance Capital Management, Inc. is $3.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1812% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $122.84 million each.

Covariance Capital Management has custody of $3.81 billion in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Covariance Capital Management, Inc. 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.

Careers at Covariance Capital Management, Inc.

Edward Dinnage Van Dolsen has been acting as President since 1 Aug 2010. Michael Jay Jawor has served as the Chief Investment Officer since 1 Jan 2017. Michael Bruce Kahn joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jorge Claudio Gutierrez	Treasurer	1 Jun 2010	Other	2030033
Stella Kay Love	Vice president, cfo	1 Jun 2010	Other	3068032
John Anthony Mrakovcic	Vice president, chief compliance officer	1 Jun 2010	Other	5306627
Jorge C Gutierrez	Treasurer	1 Jun 2010	Other	2030033
Robert S De Leon	Vice president, general counsel	1 Jun 2010	Other	5468335
Scott Wilson Wise	President, cio	1 Jul 2010	Other	5843644
Scott W Wise	President, cio	1 Jul 2010	Other	5843644
Llc Tiaa Cref Redwood	Sole direct owner	1 Aug 2010	75% - 100%	20-5591124
Edward Dinnage Van Dolsen	Director	1 Aug 2010	Other	1043383
Roger Walton Ferguson	Director	1 Aug 2010	Other	5979830
Scott Wilson Wise	Director	1 Aug 2010	Other	5843644
Eugene Flood	Director	1 Aug 2010	Other	1718626
Russell Gordon Noles	Director	1 Aug 2010	Other	4828778
Roger Ferguson	Director	1 Aug 2010	Other	5979830
Andrea Vail Reed	Chief operating officer	1 Oct 2010	Other	1582423
Michael Jay Jawor	Co-chief investment officer	1 Oct 2010	Other	5388108
Andrea V. Reed	Chief operating officer	1 Oct 2010	Other	1582423
Michael J. Jawor	Deputy chief investment officer	1 Oct 2010	Other	5388108
Katrina Nusum	Vice president, chief compliance officer	1 Oct 2010	Other	5859803
Katrina Nusum Charles	Vice president, chief compliance officer	1 Oct 2010	Other	5859803
Stewart Paul Greene	Vice president, associate general counsel	1 Dec 2010	Other	1842717
Sheel Jivan Patel	Chief financial officer	1 Mar 2011	Other	5747880
Eugene Flood	Director	1 Jun 2011	Other	1718626
John Michael Mccann	General counsel	1 Mar 2012	Other	4867665
Lisa Wolfson Hess	Director	1 Mar 2012	Other	861873
Ronald Richard Pressman	Director	1 Nov 2012	Other	1873904
Richard Biegen	Chief compliance officer	1 Jul 2013	Other	2709295
Kathryn Diane Karlic	Director	1 Aug 2014	Other	4353479
Michael Neddal Barakat	Chief compliance officer	1 Aug 2014	Other	3104832
Michael N Barakat	Chief compliance officer	1 Aug 2014	Other	3104832
Kevin Patrick Nee	Ceo	1 Oct 2014	Other	4454789
Kevin Patrick Nee	Director	1 Dec 2014	Other	4454789
Carol Ward Deckbar	Director	1 Apr 2016	Other	4056286
Michael Jay Jawor	Chief investment officer	1 Jan 2017	Other	5388108
Michael Bruce Kahn	Director	1 Aug 2017	Other	5212942
Joseph Patrick Gerharz	Chief financial officer	1 Aug 2017	Other	5433948
Sarah Esterly Devany	Chief operating officer	1 Aug 2017	Other	2816547
Kevin J O'leary	Chief executive officer, director	1 Aug 2017	Other	4329123

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Teachers Insurance And Annuity Association Of America	Sole owner	1 Aug 2010	75% - 100%	13-1624203
Tiaa Board Of Overseers	Shareholder	1 Aug 2010	75% - 100%	13-6110585

Based in Houston

The principal office where Covariance Capital Management, Inc. performs its advisory services is located at 1221 Mckinney Street, Houston, TX 77010, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-770-2000 or by fax 713-770-2001. The normal business hours are 8:15 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at covariancecapital.com.