Covington Investment Advisors

Wealth Management Firm in Ligonier, PA

Firm Info
Address: 301 E Main St, Ligonier, PA 15658, USA
Phone: (724) 238-0151

Firm Size
Assets Under Management: $681.7 million
# of Advisors: 3
# of Clients: 477
Client to Advisor Ratio: 159:1
Average Account Size: $1.4 million
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management for Businesses or Institutional Clients
  • Pension Consulting Services

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
  • Charitable Organizations
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Other

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Covington Investment Advisors, Inc. Overview

Covington Investment Advisors, Inc. is a fee-only registered investment advisory firm that offers investment advice exclusively to its clients. Their headquarters is located in Ligonier, Pennsylvania, and they have been in business since 2003. The firm specializes in financial planning services and portfolio management for individuals, small businesses, and institutional clients. Covington Investment Advisors, Inc. provides clients with personalized portfolio management services that are tailored to their unique needs and investment objectives. They work with clients to develop customized investment strategies that focus on maximizing returns while reducing risk. The firm also offers pension consulting services to businesses and institutional clients. As a fee-only advisory firm, Covington Investment Advisors, Inc. operates on a transparent fee arrangement, which means that they do not receive any commissions or kickbacks for recommending specific investments. Instead, they charge a fixed fee for their services, which ensures that their advice is unbiased and in the best interest of their clients. Overall, Covington Investment Advisors, Inc. is a highly trusted and reputable investment advisory firm that offers a comprehensive suite of services to help clients meet their financial objectives. They pride themselves on providing personalized, transparent, and prudent investment advice to their clients, helping them to achieve long-term financial success.

Covington Investment Advisors, Inc. caters to a diverse range of clients across its suite of investment and financial planning services. Its clients include individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other corporations. Covington Investment Advisors, Inc. takes pride in its ability to provide dedicated care and personalized attention to each of its clients' unique financial needs, goals, and requirements. Whether the goal is to build wealth or to fund a social impact, the team at Covington Investment Advisors, Inc. works diligently to ensure that their clients' finances are in order. Covington Investment Advisors, Inc. offers a multitude of fee structures that are tailored to meet the specific needs and financial expectations of its clients. Depending on the nature of the service provided, clients may opt to pay for the services provided on an hourly basis or as a percentage of their assets under management (AUM). The latter fee structure is calculated based on the value of the assets overseen, and this amount is charged as an annual percentage fee, usually between 0.5%-2% of AUM. Other types of fees that may be charged to clients include performance-based fees, fixed fees, and commission-based fees. Covington Investment Advisors, Inc. is transparent in its fee structures and will always provide full disclosure to its clients regarding any charges that they may incur.

Typical Clients, Fee Structures & Investment Minimum

According to COVINGTON INVESTMENT ADVISORS, INC.'s Part 2 Brochure, there is no mention of an investment minimum.

How This Office Can Help Ligonier, PA Residents

Covington Investment Advisors is a leading firm that offers investment management, financial planning, and other strategic services in Ligonier, PA. They specialize in helping their clients navigate the complex financial world and provide tailored solutions to help them reach their financial goals. Whether someone is in the wealth accumulation phase or in need of retirement planning, Covington Investment Advisors can assist them in making informed decisions about their investments. In addition, residents of Ligonier, PA may be facing a range of financial situations that require expert guidance. For example, many people in the area may be concerned about the rising cost of healthcare and how it will impact their retirement savings. Others may need assistance with estate planning or tax planning, particularly if they've recently come into an inheritance or are nearing retirement and want to ensure their finances are in order. Covington Investment Advisors can help with all of these challenges and more, offering customized financial solutions that meet their clients' unique needs and goals.

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

Services Offered by Covington Investment Advisors, Inc.

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 Covington Investment Advisors, Inc. 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
Other
Unavailable
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Commissions
Performance-based Fees

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 301 E Main St, Ligonier, PA 15658, USA
Phone (724) 238-0151
Directions
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Other Office Locations

This firm has no other locations.

State Registrations

Covington Investment Advisors, Inc. is registered to service clients in the following states:

  • Florida
  • Pennsylvania
  • Texas

Disciplinary History

Covington Investment Advisors, Inc. does not have any disclosures. Please visit it's Form ADV for more details.