South Cove Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year.
South Cove Financial reports 208 clients. They include 193 individual clients and 15 high-net-worth individuals. Of its assets, 100.0% ($168M across 208 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 76% |
| High-net-worth individuals | 7% | 24% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 193 | $129M | 76.3% | $666K |
| High-net-worth individuals | 15 | $39.9M | 23.7% | $2.66M |
| Total | 208 | $168M | 100% | $810K |
- Clients
- 193
- Regulatory AUM
- $129M
- AUM share
- 76.3%
- Avg. per client
- $666K
- Clients
- 15
- Regulatory AUM
- $39.9M
- AUM share
- 23.7%
- Avg. per client
- $2.66M
Total
- Clients
- 208
- Regulatory AUM
- $168M
- AUM share
- 100%
- Avg. per client
- $810K
- 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
- 101–250
South Cove Financial charges 1.30%–1.55% a year for its Asset Based Management Fee. The fee is billed in arrears and is negotiable.
Fee details and sources
Carolyn Horadan owns 75% or more of South Cove Financial. The leadership team of South Cove Financial includes Chief Compliance Officer Carolyn Horadan. It has 3 employees.
Leadership
Carolyn HoradanManaging Member, Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of South Cove Financial, LLC
Carolyn Horadan
Control person · since June 2016
South Cove Financial’s regulatory assets grew from $145M (December 2025) to $168M (September 2026); clients fell from 237 to 208 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $168M | 208 | 3 | 3 |
| December 2025 | $145M | 237 | 3 | 3 |
Besides its headquarters, South Cove Financial has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Washington.
Washington · 1 listed address
- 2856 NW 74th St, Seattle
Contact and registration details
- Legal name
- South Cove Financial, LLC
- Headquarters
- Not reported
- Website
- southcovefinancial.com
- Phone
- 206-914-4132
- SEC file
- 801-131362
- Structure
- Washington LLC
- Fiscal year end
- June
South Cove Financial uses Charles Schwab ($168M) as custodian for its separately managed accounts. South Cove Financial does not have custody of client assets.
- Charles SchwabCharles Schwab · El Paso, TX · $168M100%
At year end, South Cove Financial’s separately managed accounts were mostly in stocks (55%) and bonds (35%).
What the accounts hold
- Stocks55%
- Bonds35%
- U.S. government and agency bonds30%
- Investment grade corporate bonds3%
- High-yield corporate bonds2%
- Cash10%
How many clients does South Cove Financial have?
South Cove Financial has 208 clients and manages $168 million for them, as of September 2026. They include 193 individual clients and 15 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026
What services does South Cove Financial offer?
South Cove Financial 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 South Cove Financial charge?
South Cove Financial charges 1.30%–1.55% a year for its Asset Based Management Fee. The fee is billed in arrears and is negotiable.
Which custodians does South Cove Financial use?
South Cove Financial’s separately managed account assets are held at Charles Schwab (El Paso, TX), with $168M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 September 2026
How many financial advisors does South Cove Financial have?
South Cove Financial has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does South Cove Financial invest in?
At the end of its last fiscal year, South Cove Financial’s separately managed accounts held 55% exchange-traded equities, 30% U.S. government and agency bonds, 10% cash and equivalents, 3% investment grade corporate bonds and 2% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns South Cove Financial?
South Cove Financial’s direct owner is Carolyn Horadan (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 September 2026
How does South Cove Financial get paid?
South Cove Financial 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 South Cove Financial?
Its phone number is 206-914-4132. Its website is southcovefinancial.com.