Covington Investment Advisors, Inc.

Covington Investment Advisors is a fee-only, SEC‑registered advisory firm that provides personalized financial planning and portfolio management to individuals (including high‑net‑worth clients), trusts, estates, pension and profit‑sharing plans, charitable organizations, and small businesses. Services documented in the brochure include cash‑flow and tax planning, insurance review, education and retirement planning, and ongoing investment management, with advisory fees charged on an assets‑under‑management basis rather than commissions.

The firm’s investment approach emphasizes long‑term, fundamental security analysis and strategic asset allocation tailored to each client’s documented goals and risk tolerance, with most assets managed on a discretionary basis and client restrictions recorded in a formal investment profile. Research uses public filings, rating services and proprietary modeling, and the firm routinely recommends a primary custodian (Charles Schwab) while reserving the option to “trade away” for fixed‑income execution when another broker‑dealer may provide better access or pricing.

Distinctive features include the firm’s scale relative to its advisor headcount — managing about $885.9 million in client assets with four listed advisors, resulting in unusually high AUM per advisor, and holding custody of roughly $149.5 million with a completed surprise custody audit and ADV‑E filing. The firm operates with a compact team that has added planning and relationship roles recently, maintains a formal Code of Ethics and personal‑trading controls, discloses receipt of credits and services from its recommended custodian (a potential conflict), and generally does not vote client proxies unless assistance is requested.