Why Choose Cove Capital Over All of the Other RIAs?
Customized Security Selection
Each portfolio that we manage is customized for the individual investor. We take every aspect of your personal profile into account including; tax bracket, liquidity needs, age, income, employment status and other unique circumstances. We pay close attention to people who work in specific industries, such as banking, to be sure that they do not end up with too much exposure to financial institutions in their investments. As your needs change, we adjust your portfolio to meet them.
Low Fees
Our fee structure is straightforward. We charge 1% for accounts under $1,000,000 and 0.75% for accounts over $1,000,000. You will find that this is largely in line with most other fee based money managers. The way we differentiate ourselves is that we avoid putting our clients into mutual funds that layer on more fees. Research suggests that lower cost investments tend to outperform higher cost alternatives. And naturally, the lower your costs, the greater your share of an investment’s return.
Individualized Tax Efficiency
Tax efficiency is essential in maximizing returns. At Cove Capital, we put almost as much focus on tax efficiency as we do on finding value in investments. We strive to put tax-inefficient investments in investor’s tax deferred accounts and tax-efficient investments in taxable accounts whenever possible. We are also available to speak to our client’s accountants as necessary throughout the year.
Minimal Use of Mutual Funds
Much has been written about how fees can affect investment performance and the take-away is pretty clear. If investors are vigilant in their choices and cut costs, their returns will increase. Layering fund fees on top of management fees will only erode returns further. We all know that we can’t control the market but we can control the fees we pay.
Direct Access to Senior Portfolio Manager
Managing investments and optimizing returns requires commitment and expertise. Our business is to do that for you. If you have any questions however, we are available to discuss any aspect of your investments with you at any time.
Small is Beautiful
One of the things that makes Cove Capital unique is our size. Our only goal is to research and invest in assets that suit your investment profile and provide value. That’s it.