Cove Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Cove Private Wealth reports 95 clients. They include 92 high-net-worth individuals, 1 pension or profit-sharing plan and 1 charitable organization. Of its assets, 100.0% ($455M across 95 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 97% | 98% |
| Pension and profit-sharing plans | 1% | <1% |
| Charitable organizations | 1% | 1% |
| Corporations and other businesses | 1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 92 | $446M | 98.0% | $4.85M |
| Pension and profit-sharing plans | Fewer than 5 | $3.7M | 0.8% | $3.7M |
| Charitable organizations | Fewer than 5 | $5.46M | 1.2% | $5.46M |
| Corporations and other businesses | Fewer than 5 | $102K | 0.0% | $102K |
| Total | 95 | $455M | 100% | — |
- Clients
- 92
- Regulatory AUM
- $446M
- AUM share
- 98.0%
- Avg. per client
- $4.85M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.7M
- AUM share
- 0.8%
- Avg. per client
- $3.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.46M
- AUM share
- 1.2%
- Avg. per client
- $5.46M
- Clients
- Fewer than 5
- Regulatory AUM
- $102K
- AUM share
- 0.0%
- Avg. per client
- $102K
Total
- Clients
- 95
- Regulatory AUM
- $455M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Cove Private Wealth charges 0.60%–1.00% a year for its Comprehensive Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $5,000,000.
| Asset band | Annual rate |
|---|---|
| $0–$10M | 1.00% |
| $10M–$25M | 0.85% |
| $25M–$50M | 0.70% |
| $50M and above | 0.60% |
Fee details and sources
JCPW, LLC owns 50% to 75% of Cove Private Wealth and is in turn owned by Joseph Capezza (75% or more). The leadership team of Cove Private Wealth includes Chief Compliance Officer Joseph Capezza. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 50% to 75% of Cove Private Wealth, LLC
JCPW, LLC
Control person · since January 2022
- Owns 75% or more of JCPW, LLC
Joseph Capezza
Control person · since January 2022
- Owns 50% to 75% of Cove Private Wealth, LLC
JWPW, LLC
Control person · since October 2024
- Owns 75% or more of JWPW, LLC
Jeffrey Whalen
Control person · since August 2024
Cove Private Wealth’s regulatory assets grew 4.2× from $109M (February 2022) to $455M (February 2026); clients rose from 11 to 95 and employees from 1 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $455M | 95 | 2 | 2 |
| Jan 2025January 2025 | $270M | 55 | 2 | 2 |
| May 2024May 2024 | $200M | 18 | 1 | 1 |
| Feb 2023February 2023 | $135M | 17 | 1 | 1 |
| Feb 2022February 2022 | $109M | 11 | 1 | 1 |
Besides its headquarters, Cove Private Wealth has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
New York · 1 listed address
- 44 Yellow Cote RD., Oyster BayHQ
Contact and registration details
- Legal name
- Cove Private Wealth, LLC
- Headquarters
- 44 Yellow Cote RD., Oyster Bay, NY 11771
- Website
- coveprivatewealth.com
- Phone
- 516-588-1123
- @cove-private-wealth-llc
- SEC file
- 801-122756
- Founded
- 2021
- Structure
- Delaware LLC
- Fiscal year end
- December
Cove Private Wealth’s named custodians for separately managed accounts are Goldman Sachs & Co. ($389M, 89%) and Bofa Securities ($50.6M, 11%). Cove Private Wealth has custody of $2.33M for 1 clients.
- Goldman Sachs & Co.Goldman Sachs & Co. LLC · New York, NY · $389M89%
- Bofa SecuritiesBofa Securities, Inc. · New York, NY · $50.6M11%
At year end, Cove Private Wealth’s separately managed accounts were mostly in stocks (79%) and bonds (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $518M across 207 positions; the largest are Apple Inc. (8.7%), Nvidia Corporation (7.4%) and United Parcel Svcs Inc. (6.4%).
What the accounts hold
- Stocks79%
- Exchange-traded equities78%
- Non-exchange-traded equities1%
- Bonds12%
- State and local bonds8%
- U.S. government and agency bonds3%
- Investment grade corporate bonds1%
- Cash9%
How many clients does Cove Private Wealth have?
Cove Private Wealth has 95 clients and manages $455 million for them, as of February 2026. They include 92 high-net-worth individuals, 1 pension or profit-sharing plan and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 February 2026
What services does Cove Private Wealth offer?
Cove Private Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cove Private Wealth charge?
Cove Private Wealth charges 0.60%–1.00% a year for its Comprehensive Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $5,000,000.
Source: FORM ADV PART 2A - FIRM BROCHURE, filed 19 February 2026
Which custodians does Cove Private Wealth use?
Cove Private Wealth’s separately managed account assets are held at Goldman Sachs & Co. LLC (New York, NY), with $389M and Bofa Securities, Inc. (New York, NY), with $50.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 February 2026
How many financial advisors does Cove Private Wealth have?
Cove Private Wealth has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cove Private Wealth invest in?
At the end of its last fiscal year, Cove Private Wealth’s separately managed accounts held 78% exchange-traded equities, 9% cash and equivalents, 8% state and local bonds, 3% U.S. government and agency bonds, 1% non-exchange-traded equities and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Cove Private Wealth have a minimum investment?
Yes, Cove Private Wealth’s minimum account size for its Comprehensive Portfolio Management is $5M.
Source: FORM ADV PART 2A - FIRM BROCHURE, filed 19 February 2026
Who owns Cove Private Wealth?
Cove Private Wealth is owned through holding companies by Joseph Capezza and Jeffrey Whalen. Its direct owners are JCPW, LLC (50% to 75%) and JWPW, LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 February 2026
How does Cove Private Wealth get paid?
Cove Private Wealth is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Cove Private Wealth?
Cove Private Wealth’s main office is at 44 Yellow Cote RD., Oyster Bay, NY 11771. Its phone number is 516-588-1123. Its website is coveprivatewealth.com.