Covenant Partners, LLC (Nashville)

Name: Covenant Partners, LLC
Address: 3811 Bedford Avenue, Nashville, TN, 37215
Telephone: 615-665-1801

Covenant Partners, LLC is a large advisory firm based in Nashville. It manages $506.99 million of regulatory assets for 510 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Louisiana, Tennessee, and Texas.

Covenant Partners provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and fiscal counsel. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Covenant Partners: assets under management

The assets under management (AUM) of Covenant Partners, LLC is $506.99 million. The firm's AUM has grown by 1467% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $445.12 million in discretionary accounts and $61.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $341.79 thousand.

Covenant Partners has custody of $345.72 million in cash and securities for 94 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 12% 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 Covenant Partners, 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 Covenant Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Covenant Partners is high net worth individuals with 54 clients and $488.48 million of assets under management. Among the 6 most similar advisory firms, Covenant Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $504.83 million for 92 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.

Covenant Partners doesn't advise any private funds.

Careers at Covenant Partners, LLC

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 2 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
Todd David Glisson	Chief manager and chief compliance officer	1 Sep 1997	50% - 75%	2505847
John Banks Link	Member	1 Sep 1997	50% - 75%	4373794

Based in Nashville

The principal office where Covenant Partners, LLC performs its advisory services is located at 3811 Bedford Avenue, Nashville, TN 37215 The mailing address of the firm is P.O. Box 158187, Nashville, TN 37215. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 615-665-1801 or by fax 615-665-1802. The normal business hours are 8:30-4:30 on Monday - Friday. You can find more information about the New York firm at covenantpartnersllc.com.