SBE LLC dba Cedar Cove Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
SBE LLC dba Cedar Cove Wealth Partners reports 2,036 clients. They include 1,155 individual clients and 881 high-net-worth individuals. Of its assets, 100.0% ($455M across 2,036 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $455M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 33% |
| High-net-worth individuals | 43% | 67% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,155 | $151M | 33.1% | $130K |
| High-net-worth individuals | 881 | $305M | 66.9% | $346K |
| Total | 2,036 | $455M | 100% | $223K |
- Clients
- 1,155
- Regulatory AUM
- $151M
- AUM share
- 33.1%
- Avg. per client
- $130K
- Clients
- 881
- Regulatory AUM
- $305M
- AUM share
- 66.9%
- Avg. per client
- $346K
Total
- Clients
- 2,036
- Regulatory AUM
- $455M
- AUM share
- 100%
- Avg. per client
- $223K
- 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
- 251–500
SBE LLC dba Cedar Cove Wealth Partners charges up to 2.00% a year for its Investment Management Services. The fee is billed in advance. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Estate Planning Coordination
- A fixed fee set in the Financial Planning Agreement, depending on the client's needs; deed work is billed separately.
- Financial Planning
- Stand-alone financial planning is a fixed fee or a fee on assets under management, set in the Investment Advisory Agreement.
Jennifer Cords owns 25% to 50% of SBE LLC dba Cedar Cove Wealth Partners. The leadership team of SBE LLC dba Cedar Cove Wealth Partners includes Chief Investment Officer Keith Sapp and Chief Compliance Officer Ashley Buchanan. It has 14 employees, 10 of them in advisory roles.
Staff
- 14 employees
- 10 in advisory functions
- 10 state-registered reps
- 8 insurance agents
- Owns 25% to 50% of Sbe LLC Dba Cedar Cove Wealth Partners
Jennifer Cords
Control person · since June 2025
- Owns 25% to 50% of Sbe LLC Dba Cedar Cove Wealth Partners
Benjamin Johnson
Control person · since June 2025
- Owns 25% to 50% of Sbe LLC Dba Cedar Cove Wealth Partners
Christopher Sipe
Control person · since June 2025
- Owns 5% to 10% of Sbe LLC Dba Cedar Cove Wealth Partners
Keith Sapp
Control person · since June 2025
- Owns 5% to 10% of Sbe LLC Dba Cedar Cove Wealth Partners
Nathan Knoll
Control person · since January 2026
SBE LLC dba Cedar Cove Wealth Partners’ regulatory assets grew Infinity× from $0 (July 2025) to $455M (August 2026); employees were 14 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $455M | 2,036 | 14 | 4 |
| Jul 2025July 2025 | $0 | 0 | 14 | 1 |
Besides its headquarters, SBE LLC dba Cedar Cove Wealth Partners has 3 offices (3 private residences, listed without an address), with 1 listed address in 1 state.
Minnesota · 1 listed address
- 7900 Xerxes Ave S, Suite 1750, BloomingtonHQ
Contact and registration details
- Legal name
- Sbe LLC Dba Cedar Cove Wealth Partners
- Headquarters
- 7900 Xerxes Ave S, Suite 1750, Bloomington, MN 55431
- Website
- cedarcovewealth.com
- Phone
- 952-358-3456
- @cedar-cove-wealth-partners
- SEC file
- 801-133908
- Structure
- Minnesota LLC
- Fiscal year end
- December
SBE LLC dba Cedar Cove Wealth Partners’ named custodian for separately managed accounts is Fidelity ($455M). SBE LLC dba Cedar Cove Wealth Partners has custody of $21.1M for 373 clients.
- FidelityNational Financial Services LLC · Smithfield, RI · $455M100%
At year end, SBE LLC dba Cedar Cove Wealth Partners’ separately managed accounts were mostly in funds (91%). Its reported 13F holdings for the quarter ended 30 June 2026 total $213M across 91 positions; the largest are Goldman Sachs ETF TR (19.6%), iShares TR (9.8%) and SPDR Series Trust (8.1%).
What the accounts hold
- Stocks7%
- Funds91%
- Bonds1%
- Cash1%
How many clients does SBE LLC dba Cedar Cove Wealth Partners have?
SBE LLC dba Cedar Cove Wealth Partners has 2,036 clients and manages $455 million for them, as of August 2026. They include 1,155 individual clients and 881 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does SBE LLC dba Cedar Cove Wealth Partners offer?
SBE LLC dba Cedar Cove Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does SBE LLC dba Cedar Cove Wealth Partners charge?
SBE LLC dba Cedar Cove Wealth Partners charges up to 2.00% a year for its Investment Management Services. The fee is billed in advance.
Source: ADV PART 2A DISCLOSURE BROCHURE - CEDAR COVE WEALTH PARTNERS, filed 12 August 2026
Which custodians does SBE LLC dba Cedar Cove Wealth Partners use?
SBE LLC dba Cedar Cove Wealth Partners’ separately managed account assets are held at National Financial Services LLC (Smithfield, RI), with $455M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does SBE LLC dba Cedar Cove Wealth Partners have?
SBE LLC dba Cedar Cove Wealth Partners has 10 investment adviser representatives registered with state securities authorities, out of 14 employees, and 10 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 8 employees are 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 SBE LLC dba Cedar Cove Wealth Partners invest in?
At the end of its last fiscal year, SBE LLC dba Cedar Cove Wealth Partners’ separately managed accounts held 91% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 1% U.S. government and agency bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns SBE LLC dba Cedar Cove Wealth Partners?
SBE LLC dba Cedar Cove Wealth Partners’ direct owners are Jennifer Cords, Benjamin Johnson, Keith Sapp, Christopher Sipe and Nathan Knoll, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does SBE LLC dba Cedar Cove Wealth Partners get paid?
SBE LLC dba Cedar Cove Wealth Partners is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 SBE LLC dba Cedar Cove Wealth Partners?
SBE LLC dba Cedar Cove Wealth Partners’ main office is at 7900 Xerxes Ave S, Suite 1750, Bloomington, MN 55431. Its phone number is 952-358-3456. Its website is cedarcovewealth.com.
