{
  "crd_number": 151978,
  "slug": "covey-capital-advisors-llc-atlanta-ga-151978",
  "primary_business_name": "COVEY CAPITAL ADVISORS, LLC",
  "legal_name": "COVEY CAPITAL ADVISORS, LLC",
  "dbas": [],
  "city": "Atlanta",
  "state": "GA",
  "country": "United States",
  "cbsa_code": "12060",
  "metro": {
    "cbsa_code": "12060",
    "common_name": "Atlanta",
    "msa_name": "Atlanta-Sandy Springs-Roswell, GA",
    "path": "/advisors/ga/atlanta"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2010-08-16",
  "years_registered": 16,
  "period": "2026-10-01",
  "filing_date": "2026-02-03",
  "carried_forward": false,
  "raum_total": 156459403.0,
  "raum_discretionary": 156459403.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 4793321.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 319454.0,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 2866105.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 148480523.0,
      "count": 28
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "GA"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/151978",
  "city_as_filed": "ATLANTA",
  "url": "https://advisorcensus.com/firm/covey-capital-advisors-llc-atlanta-ga-151978",
  "display_name": "Covey Capital Advisors, LLC",
  "summary": "Covey Capital Advisors, LLC is an SEC-registered investment advisory firm in Atlanta, GA, registered since 2010, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 3, 2026.",
  "citation": "AdvisorCensus. Covey Capital Advisors, LLC (CRD 151978): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Covey Capital Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Covey Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Covey Capital Advisors, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated February 3, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Covey Capital Advisors, LLC located?",
      "a": "Covey Capital Advisors, LLC's principal office is in Atlanta, GA, according to its Form ADV."
    },
    {
      "q": "Is Covey Capital Advisors, LLC registered with the SEC or a state?",
      "a": "Covey Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 151978."
    },
    {
      "q": "How much does Covey Capital Advisors, LLC manage?",
      "a": "Covey Capital Advisors, LLC reports $156,459,403 in regulatory assets under management in its Form ADV filing dated February 3, 2026 (100% discretionary)."
    },
    {
      "q": "How have Covey Capital Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Covey Capital Advisors, LLC: Regulatory assets under management: $142,189,017 in the October 2021 data and $156,459,403 in the October 2026 data, up 10%. Total employees: 3 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Covey Capital Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (28)."
    },
    {
      "q": "Which custodians does Covey Capital Advisors, LLC use?",
      "a": "Covey Capital Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of America - Trust Operations and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Covey Capital Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/151978"
    },
    {
      "q": "Does Covey Capital Advisors, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 3, 2026 says: \"With some exceptions, the minimum portfolio value eligible for such investment advisory services is $1,000,000.\""
    },
    {
      "q": "What changed in Covey Capital Advisors, LLC's recent Form ADV filings?",
      "a": "In the December 2025 filing data: Employees performing advisory functions went from 2 to 1. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 142189017.0,
      "total_employees": 3,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 168995287.0,
      "total_employees": 3,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 147442798.0,
      "total_employees": 3,
      "filing_date": "2023-03-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 167157461.0,
      "total_employees": 2,
      "filing_date": "2024-06-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 152761206.0,
      "total_employees": 2,
      "filing_date": "2025-03-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 156459403.0,
      "total_employees": 1,
      "filing_date": "2026-02-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 2 to 1.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 3, 2026",
    "tiers": [],
    "flat_rate": "1% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1% of assets a year"
        ],
        "quotes": [
          "Clients pay a management fee at the rate of 1.0% per annum of the net asset value of the account, for Covey Capital’s investment management and administrative services (the “Management Fee”)."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "With some exceptions, the minimum portfolio value eligible for such investment advisory services is $1,000,000."
        ]
      }
    ],
    "quotes": [
      "Clients pay a management fee at the rate of 1.0% per annum of the net asset value of the account, for Covey Capital’s investment management and administrative services (the “Management Fee”).",
      "With some exceptions, the minimum portfolio value eligible for such investment advisory services is $1,000,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Bank of America - Trust Operations",
      "name_as_filed": "BANK OF AMERICA - TRUST OPERATIONS",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/covey-capital-advisors-llc-atlanta-ga-151978.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 319454.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 28,
      "fewer_than_5": false,
      "raum": 148480523.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 4793321.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 2866105.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/151978",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}