Penn Cove Financial, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$0
Total clients
28
18% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
28
Average account size
$0
About
Penn Cove Financial, LLC is a fee-only financial planning practice that serves individuals, couples, and small business owners with services including budgeting, retirement and college planning, tax and insurance guidance, estate planning, and investment management. These services are offered as limited, project-based engagements, ongoing comprehensive planning, or ongoing portfolio management tied to assets under management.
The firm’s investment approach emphasizes broad diversification and asset allocation, using passive indexing for core holdings and selectively adding active strategies where appropriate; recommendations are implemented primarily with no‑load mutual funds and exchange-traded funds and are tailored to each client’s time horizon, risk tolerance, and goals. Client accounts are reviewed regularly (at least quarterly) and plans are updated annually, and the firm does not accept discretionary trading authority over client accounts.
Noteworthy aspects include its long-standing, solo, fee-only model led by a CFP‑certified principal who also teaches at the college level, the firm’s adherence to professional codes of ethics (CFP Board, FPA, NAPFA, XYPN), and a practice policy of providing planning services at no charge to certain lower‑rank active‑duty military personnel. The brochure also discloses an unusual regulatory reporting detail: the firm reported Regulatory AUM as zero under the SEC definition (because it does not review assets continuously) while managing roughly $6.5 million in client assets and retaining client responsibility for proxy voting.
Client services
Financial planning
Portfolio management
Fee options
Ongoing comprehensive financial planning charged as a fixed annual fee, negotiated based on complexity and estimated hours; maximum fee $10,000/year
$100,000+: 0.7% annually
Hourly rate of $270 per hour for financial planning projects
Account minimum: $100,000 Minimum fee: Minimum annual fee for ongoing comprehensive financial planning is $1,080/year Fee-only: Fee-only financial planning and investment management services; no commissions received.
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Main office location
Penn Cove Financial, LLC
Oak Harbor WA, United States
Number of offices
1
Forms ADV
Quick links
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