{"url":"https://nivawealth.com/firms/south-cove-financial-284554","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/284554","regulatoryAum":168400000,"crd":"284554","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4332656","suffix":null,"lastName":"HORADAN","firstName":"CAROLYN","middleName":"MARIE"},{"crd":"4327732","suffix":null,"lastName":"KNUTSON","firstName":"BRYAN","middleName":"MILLOY"},{"crd":"4315025","suffix":null,"lastName":"SONDHEIM","firstName":"MICHAEL","middleName":"STEVEN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2025-12-03","regulatoryAum":145000000,"clients":237,"employees":3,"offices":3},{"filedOn":"2026-09-28","regulatoryAum":168400000,"clients":208,"employees":3,"offices":3}],"secFileNumber":"801-131362","legalName":"South Cove Financial, LLC","displayName":"South Cove Financial","slug":"south-cove-financial-284554","website":"https://southcovefinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/284554/814ecdd52cb623ed-r1.webp","tone":"light","width":645,"height":200,"sourceUrl":"https://www.southcovefinancial.com/advisors","sourceLabel":"South Cove Financial, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Washington limited liability company","fiscalYearEnd":"June","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"4 November 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2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059343","versionId":1059343,"submittedOn":"2026-09-28"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059346","versionId":1059346,"submittedOn":null},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059345","versionId":1059345,"submittedOn":null},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059344","versionId":1059344,"submittedOn":null}]},"custodians":[{"name":"Charles Schwab","shortName":"Charles Schwab","location":"El Paso, TX","smaAssets":168400000}],"custodyNote":"South Cove Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Carolyn Horadan","title":"Managing Member, Chief Compliance Officer","crd":"4332656"}],"ownership":[{"label":"Carolyn Horadan","detail":"Managing member, chief compliance officer in the 75% or more ownership band and a control person, since June 2016."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"2856 NW 74th St","city":"Seattle"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"206-914-4132","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":55},{"label":"U.S. government/agency bonds","percent":30},{"label":"Investment grade corporate bonds","percent":3},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Cash and cash equivalents","percent":10}],"privateFunds":0},"sources":{"adv1FilingDate":"28 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/284554/PDF/284554.pdf","brochureDate":"28 September 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059343","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does South Cove Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does South Cove Financial offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does South Cove Financial charge?","answer":"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.","source":"ADV PART 2A, filed 28 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does South Cove Financial use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does South Cove Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does South Cove Financial invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns South Cove Financial?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does South Cove Financial get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact South Cove Financial?","answer":"Its phone number is 206-914-4132. Its website is southcovefinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}