Cove Property Group LLC (New York)

Name: Cove Property Group LLC
Address: 501 Madison Ave, 5 Th Floor, New York, NY, 10022
Telephone: (212) 935-4912

Cove Property Group LLC is a large advisory firm based in New York. It manages $887 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Cove Property Group 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 Property Group: assets under management

The assets under management (AUM) of Cove Property Group LLC is $887 million. The company doesn't manage any assets belonging to foreign clients.

Cove Property Group has custody of $582 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cove Property Group LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Cove Property Group serves?

The only and largest group of clients of Cove Property Group is pooled investment vehicles with 2 clients and $887 million of assets under management. Among the 8 most similar advisory firms, Cove Property Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $887 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Cove Property Group doesn't advise any private funds.

Careers at Cove Property Group LLC

The company employs 10 people that are either part- or full-time employees. 60 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
Blue Sky Alternative Investments Llc	Member	1 Nov 2015	25% - 50%	37-1661603
Llc Earls Court Holdings	Member	1 Nov 2015	Other	81-1355870
Ironbank Holdings Llc	Member	1 Nov 2015	25% - 50%	81-1355966
Amit Jay Patel	Chief operating officer / chief compliance officer / partner	1 Nov 2015	Other	6268288
Kevin Alexander Hoo	Managing partner	1 Nov 2015	Other	6618351
Cove Property Group Lp	Member	1 Nov 2015	75% - 100%	475487646
Cove Property Group Gp Llc	Member	1 Feb 2016	Other	82-0680261
Thomas David Farrell	Partner	1 Mar 2016	Other	6618365
Td Farrell & Co. Llc	Member	1 Mar 2016	Other	81-1412509
Cove 441 Ninth Ave Performance Llc	Member	1 Mar 2017	Other	82-0680261
Cove 2 Rector Performance Llc	Member	1 Jan 2019	Other	81-1833479
Cove Pg Gp Llc	Member	1 Jan 2019	Other	84-3098460

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Blue Sky Alternative Investments Limited	Member	1 Nov 2015	75% - 100%	foreign
Ironbark Holdings Llc	Member	1 Nov 2015	50% - 75%	81-1355966
Td Farrell & Co. Llc	Member	1 Nov 2015	25% - 50%	81-1412509
Ironbark 441 Ninth Avenue Investors Llc	Member	1 Feb 2016	25% - 50%	81-1355966
Bsai International Pty Limited	Member	1 Feb 2016	25% - 50%	foreign
Bsai International Pty Limited	Member	1 Mar 2017	25% - 50%	foreign
Ironbark 441 Ninth Avenue Investors Llc	Member	1 Mar 2017	25% - 50%	81-1355966
Bsai International Pty Limited	Member	1 Jan 2019	25% - 50%	foreign
Ironbark 441 Ninth Avenue Investors Llc	Member	1 Jan 2019	25% - 50%	81-1355966
Kevin Alexander Hoo	Member	1 Jan 2019	25% - 50%	6618351

Based in New York

The principal office where Cove Property Group LLC performs its advisory services is located at 501 Madison Ave, 5 Th Floor, New York, NY 10022, 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 (212) 935-4912. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at covepg.com/ and its LinkedIn profile.