Sandy Cove Advisors, LLC is a large advisory firm based in Hingham. It manages $190.25 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, New York, and Vermont.
Sandy Cove Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consolidated reporting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sandy Cove Advisors, LLC is $190.25 million. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Sandy Cove Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Sandy Cove Advisors is high net worth individuals with 50 clients and $162.39 million of assets under management. Among the 6 most similar advisory firms, Sandy Cove Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $187.1 million for 125 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.
Sandy Cove Advisors doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 4 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.
Robert James Reilly has served as the Chief Investment Officer since 1 Dec 2014. Kelley Roche Ellis joined the executive team most recently as the Chief Compliance Officer.
The principal office where Sandy Cove Advisors, LLC performs its advisory services is located at 37 Derby Street, Suite 5, Hingham, MA 02043, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-622-1500 or by fax 617-979-8727. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sandycoveadvisors.com.