Covision Advisors LLC (New York)

Covision Advisors LLC is a large advisory firm based in New York. It manages $314.95 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Covision Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Covision Advisors: assets under management

The assets under management (AUM) of Covision Advisors LLC is $314.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2687% since the beginning of its operation, and $124.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $314.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.99 million each.

Covision Advisors has custody of $303.74 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 49% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Covision Advisors LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Covision Advisors serves?

The only and largest group of clients of Covision Advisors is pooled investment vehicles with 7 clients and $303.74 million of assets under management. Among the 8 most similar advisory firms, Covision Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $303.74 million for 7 clients. 25% of the firm’s clients are foreign persons or businesses.

Covision Advisors also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Covision Advisors LLC

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Lane Telljohann	Cio and member	1 Mar 2012	50% - 75%	1113893
Llc Tor	Member	1 Mar 2012	Other	20-3959903
Llc Riolama	Member	1 Mar 2012	25% - 50%	13-3800082
Richard (Nmn) D'agostino	Chief compliance officer and chief financial officer	1 Jan 2016	Other	2219666
Richard D'agostino	Chief compliance officer and chief financial officer	1 Jan 2016	Other	2219666
Llc Riolama	Member	1 Jan 2017	25% - 50%	13-3800082

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Olin Berner	Managing member	1 Mar 2012	25% - 50%	6750934
Edgar Rolston Berner	Member	1 Mar 2012	25% - 50%	6750936
Edgar Berner	Managing member	1 Mar 2012	25% - 50%	6750936
Richard Berner	Managing member	1 Mar 2012	25% - 50%	6750934

Based in New York

The principal office where Covision Advisors LLC performs its advisory services is located at 485 Madison Avenue 23 Rd Fl., New York, NY 10022, 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 212-584-2100. The normal business hours are 9-5 on Monday - Friday.