Conover Capital Management, LLC (Bellevue)

Name: Conover Capital Management, LLC
Address: 155 108 Th Ave Ne, Bellevue, WA, 98004
Telephone: 425-897-7100

Conover Capital Management, LLC is a large advisory firm based in Bellevue. It manages $223.89 million of regulatory assets for 312 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, Oregon, and Washington.

Conover Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and retirement plan consulting, non qualified deferred compensation. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Conover Capital Management: assets under management

The assets under management (AUM) of Conover Capital Management, LLC is $223.89 million. The firm's AUM has gone down by -16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $18.67 million in discretionary accounts and $205.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $262.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $851.54 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in non-exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Conover Capital Management, 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 Conover Capital Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Conover Capital Management is pension and profit sharing plans with 22 clients and $118.81 million of assets under management. Among the 10 most similar advisory firms, Conover Capital Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $223.89 million for 312 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.

Conover Capital Management doesn't advise any private funds.

Careers at Conover Capital Management, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 5 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
Constance E Morrow	Managing member	1 Jan 2005	Other	4488553
Llc Abacus Group	Owner	1 Jan 2005	75% - 100%	56-2465594
Constance Ellen Morrow	Managing member	1 Jan 2005	Other	4488553
Donald Lee Torget	Managing director, cco	1 Jan 2005	Other	448209
Jon Henry Tribbel	Senior vice president, chief compliance officer	1 Jan 2010	Other	3078656
Howard Alexander Morin	Ceo	1 Sep 2011	Other	5334930

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
B. D. Green Decendents Trust	Owner	1 Jan 2005	50% - 75%	91-6440123
Llc Cross Fire Holdings	Owner	1 Jan 2005	25% - 50%	03-0544294
Jenifer Lynn Busey	Trustee	1 May 2011	Other	3227291
Bradley Dennis Green	Owner	1 Apr 2014	50% - 75%	2148499
Llc Bravo Delta Group Ii	Owner	1 Mar 2015	25% - 50%	46-5292933

Based in Bellevue

The principal office where Conover Capital Management, LLC performs its advisory services is located at 155 108 Th Ave Ne, Bellevue, WA 98004 The mailing address of the firm is Po Box 90007, Bellevue, WA 98009. An additional office of the firm is in Vancouver,, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 425-897-7100 or by fax 425-455-9322. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at conovercapital.com/.