# Covington & Associates, Inc.

> Covington & Associates, Inc. is an SEC-registered investment advisory firm in Westfield, NJ, registered since 2001, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 113357
- Filed as: COVINGTON & ASSOCIATES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westfield, NJ
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113357
- AdvisorCensus page: https://advisorcensus.com/firm/covington-and-associates-inc-westfield-nj-113357

## Quick answers

**How is Covington & Associates, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Covington & Associates, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Covington & Associates, Inc. located?**
Covington & Associates, Inc.'s principal office is in Westfield, NJ, according to its Form ADV.

**Is Covington & Associates, Inc. registered with the SEC or a state?**
Covington & Associates, Inc. is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 113357.

**How much does Covington & Associates, Inc. manage?**
Covington & Associates, Inc. reports $308,209,194 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (96% discretionary).

**How have Covington & Associates, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Covington & Associates, Inc.: Regulatory assets under management: $245,616,696 in the October 2021 data and $308,209,194 in the October 2026 data, up 25%. Total employees: 5 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Covington & Associates, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (30); individuals (other than high net worth individuals) (15).

**Which custodians does Covington & Associates, Inc. use?**
Covington & Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Covington & Associates, Inc. report any disciplinary disclosures?**
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/113357

**What changed in Covington & Associates, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $279,547,375 to $308,209,194 (+10%). Registered or notice-filed in FL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley
- National Financial Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $308,209,194
- Discretionary: $297,207,543
- Non-discretionary: $11,001,651

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 15 | $4,997,586 |
| High net worth individuals | 30 | $194,406,598 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $2,384,823 |
| Charitable organizations | Fewer than 5 | $23,950,246 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | $82,469,941 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2001 (25 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, NJ, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $245,616,696 | 5 | February 8, 2021 |
| October 2022 | $260,107,385 | 5 | January 21, 2022 |
| October 2023 | $226,602,650 | 3 | March 29, 2023 |
| October 2024 | $241,880,184 | 3 | March 8, 2024 |
| October 2025 | $279,547,375 | 3 | March 4, 2025 |
| October 2026 | $308,209,194 | 3 | March 24, 2026 |

Regulatory assets under management: $245,616,696 in the October 2021 data and $308,209,194 in the October 2026 data, up 25%.
Total employees: 5 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $279,547,375 to $308,209,194 (+10%).
- Registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Covington & Associates, Inc. (CRD 113357): Form ADV filing data as of October 2026.