Covenant Asset Management, LLC

RIASEC Registered

Total AUM

$693M

Discretionary

$693M

100% of AUM

Avg account

$1M

Accounts

665

Employees

Advisory reps

Firm details

Headquarters: Chester, New Jersey
CRD number: 108567
Registered since: March 18, 1999
Website: www.covasset.com
Custodians: CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI90.34%
Individuals6%
Charitable Organizations2%
Pension & Profit Sharing Plans1.33%
Corporations / Businesses0.34%
Services: Financial PlanningPortfolio Management for IndividualsPension Consulting

Firm profile

FINTRX

Overview

Covenant Asset Management, LLC is an independent, privately owned registered investment adviser structured as an LLC. The firm has been SEC registered since 1999 and serves both individuals/families and institutional clients. Its advisory services focus on financial planning, portfolio management for individuals and small businesses, and pension consulting-type work. Covenant charges fees by percentage of assets under management and also uses hourly and fixed-fee arrangements. Covenant positions itself around an equity-oriented approach, using exchange-traded securities as a core building block while supplementing client portfolios with third-party alternative managers and insurance products where appropriate. The firm operates as an adviser rather than as a direct capital allocator, relying on external managers for certain alternative exposure.