Covered Bridge Advisors, LLC (Yardley)

Covered Bridge Advisors, LLC is a large advisory firm based in Yardley. It manages $102.23 million of regulatory assets for 488 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, New Jersey, Pennsylvania, and Texas.

Covered Bridge Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Covered Bridge Advisors: assets under management

The assets under management (AUM) of Covered Bridge Advisors, LLC is $102.23 million. The firm's AUM has gone down by -20% since the beginning of its operation, and $125.95 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $97.33 million in discretionary accounts and $4.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $207.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $257.88 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 42% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Covered Bridge Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Covered Bridge Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Covered Bridge Advisors is high net worth individuals with 10 clients and $4.76 million of assets under management. Among the 6 most similar advisory firms, Covered Bridge Advisors has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $7.43 million for 13 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.

Covered Bridge Advisors doesn't advise any private funds.

Careers at Covered Bridge Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Nicholas Luciani	Managing member & chief compliance officer	1 Dec 2017	75% - 100%	1332311

Based in Yardley

The principal office where Covered Bridge Advisors, LLC performs its advisory services is located at 708 Floral Vale Blvd., Yardley, PA 19067, 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 (215)-579-5760 or by fax (215)-579-5769. The normal business hours are 9:00am - 5:00pm on Monday - Friday.