Covenant Wealth Advisors, LLC

Wealth Management Firm in Broome County, NY

Firm Info
Address: 37 Front St, Binghamton, NY 13905, USA
Phone: (607) 238-7350

Firm Size
Assets Under Management: $287.7 million
# of Advisors: 5
# of Clients: 755
Client to Advisor Ratio: 151:1
Average Account Size: $381,080
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Selection of Others Advisors

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Covenant Wealth Advisors Overview

Covenant Wealth Advisors is a registered investment advisory firm based in Williamsburg, VA. They have been providing investment advice to clients since 2019, and operate on a fee-only basis, meaning they do not receive any commissions or incentives from recommending certain investments or products. This ensures that their advice is completely unbiased and aligned with their clients' best interests. As an investment advice-only firm, Covenant Wealth Advisors focuses solely on providing their clients with financial planning and portfolio management services. Their clients are primarily individuals and small businesses that are looking to invest their assets and grow their wealth over time. With their expert guidance, clients can make informed decisions about their investments and optimize their portfolios for maximum growth. Covenant Wealth Advisors also offers assistance in selecting other advisors, such as lawyers or accountants, to provide additional financial and legal expertise to their clients. With their comprehensive range of services and commitment to client satisfaction, Covenant Wealth Advisors is a top choice for individuals and businesses seeking expert investment advice.

COVENANT WEALTH ADVISORS is a prestigious financial advisory firm that caters to a diverse range of clientele. The firm offers its services to individuals seeking comprehensive wealth management solutions, high net worth individuals with complex financial portfolios, as well as pension and profit-sharing plans. With extensive industry experience and expertise, COVENANT WEALTH ADVISORS is able to deliver bespoke financial advice and strategies tailored to the specific needs and objectives of each client. COVENANT WEALTH ADVISORS offers a variety of fee structures to suit the varying needs of their clients. Depending on the service provided, they charge a percentage of assets under management (AUM) as their fee or an hourly rate for advisory services rendered. Alternatively, fixed fees are also available for certain types of services. The firm prides itself on transparency and adhering to the highest ethical standards in the industry. Clients can rest assured that there are no hidden costs or fees, and the pricing structure is clearly laid out and communicated. COVENANT WEALTH ADVISORS' flexible fee structures provide clients with the convenience of selecting the option that best suits their financial needs and preferences.

Typical Clients, Fee Structures & Investment Minimum

The investment minimum for Covenant Wealth Advisors, as stated in their Part 2 Brochure, is $1,000,000 per client family, based on the total for all accounts being managed. However, the firm notes that they reserve the right to waive account minimums where necessary.

How This Office Can Help Broome County, NY Residents

Covenant Wealth Advisors, LLC offers comprehensive financial planning and investment management solutions to individuals, families, and businesses in Broome County, NY. Their team of experienced advisors works closely with each client to understand their unique financial situation and develop customized strategies to help them achieve their goals. Living in Broome County, NY, individuals may face a range of financial challenges. For instance, some may be struggling with debt and seeking ways to manage their expenses and get back on track financially. Others may be approaching retirement and looking for ways to maximize their savings and ensure a comfortable retirement. Additionally, some may be business owners seeking to grow and protect their assets or plan for succession. Covenant Wealth Advisors, LLC can provide guidance and support in all these areas, helping clients navigate complex financial matters and make informed decisions about their future.

To view the Minimum Investment and Fee Schedule for Covenant Wealth Advisors, visit their Part 2 Brochure.

Services Offered by Covenant Wealth Advisors

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Covenant Wealth Advisors most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 37 Front St, Binghamton, NY 13905, USA
Phone (607) 238-7350
Directions
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Other Office Locations

Firm Headquarters
Firm headquarters location 351 MCLAWS CIRCLE, SUITE 1, WILLIAMSBURG, VA 23185, United States

This firm has no other locations.

State Registrations

Covenant Wealth Advisors is registered to service clients in the following states:

  • California
  • Florida
  • Maryland
  • New Hampshire
  • North Carolina
  • Texas
  • Virginia

Disciplinary History

Covenant Wealth Advisors does not have any disclosures. Please visit it's Form ADV for more details.