Covey Capital Advisors, LLC (Atlanta)

Covey Capital Advisors, LLC is a large advisory firm based in Atlanta. It manages $104.02 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Georgia.

Covey Capital Advisors provides portfolio management for individuals and small businesses and 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.

Covey Capital Advisors: assets under management

The assets under management (AUM) of Covey Capital Advisors, LLC is $104.02 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 68% since the beginning of its operation, and $21.48 million of the total AUM is attributable to clients outside of the United States.

The firm manages $104.02 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.34 million each.

Covey Capital Advisors has custody of $88.55 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 39% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Covey Capital Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Covey Capital Advisors serves?

The only and largest group of clients of Covey Capital Advisors is pooled investment vehicles with 3 clients and $93.14 million of assets under management. Among the 10 most similar advisory firms, Covey Capital Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $93.14 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

Covey Capital Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $3,000,000 for each fund.

Careers at Covey Capital Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
James Christopher Lanigan	Managing member	1 May 2007	50% - 75%	3130236
Robert Scott Mayo	Managing member	1 May 2007	50% - 75%	4198138
Ralph Scott Winton	Chief compliance officer/cfo	1 Aug 2007	Other	5804732
Sidney Hawkins Gargiulo	Managing member	1 Jan 2012	Other	5674304

Based in Atlanta

The principal office where Covey Capital Advisors, LLC performs its advisory services is located at 3353 Peachtree Road Ne, Atlanta, GA 30326, 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 404-442-2772 or by fax 404-442-2728. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.