Liberty Cove LLC (Boston)

Name: Liberty Cove LLC
Address: One International Place, Boston, MA, 01907
Telephone: 617-720-0737

Liberty Cove LLC is an investment adviser to an investment company based in Boston. It manages $1.79 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Massachusetts and Pennsylvania.

Liberty Cove provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Liberty Cove: assets under management

The assets under management (AUM) of Liberty Cove LLC is $1.79 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $1.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $596.1 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 48% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Liberty Cove LLC 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.

What kind of clients Liberty Cove serves?

The firm provides services to individuals and investment companies. The largest group of clients of Liberty Cove is individuals with 1 clients and $1.79 million of assets under management. Among the 3 most similar advisory firms, Liberty Cove has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.79 million for 2 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Liberty Cove doesn't advise any private funds.

Careers at Liberty Cove LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates 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
Brian Chen	Principal	1 Feb 2016	25% - 50%	7147916
Michael Jay Hanus	Principal	1 Mar 2019	25% - 50%	4937517
Mathew Richard Jensen	Principal and chief compliance officer	1 Jul 2019	Other	1672061

Based in Boston

The principal office where Liberty Cove LLC performs its advisory services is located at One International Place, Boston, MA 01907, 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 617-720-0737. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/liberty-cove-llc?trk=public_profile_topcard_current_company and its LinkedIn profile.