Fee-only adviser · Hermosa Beach, CA
Cove Street Capital, LLC
Cove Street Capital, LLC is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Hermosa Beach, California. On its latest Form ADV, filed August 27, 2026, it reports $94M in regulatory assets under management, 13 individual clients and 1 employee who gives investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 156260 · SEC file 801-72231 |
| Office | 205 Pier Avenue Suite 101 Hermosa Beach, CA 90245 |
| Phone | (424) 221-5897 |
| Website | covestreetcapital.com |
| Regulatory assets under management | $94M |
| Individual clients | 3 non-high-net-worth, 10 high-net-worth |
| Financial planning clients | Not reported |
| How it charges | Percentage of assets |
| Services | Portfolio management |
| Employees | 2 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | August 27, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It charges only as a percentage of the assets it manages. Ask about the fee schedule and any account minimum, which Form ADV Part 1 does not record.
- Most of its individual clients are high-net-worth, which on Form ADV means they meet the SEC’s qualified-client or qualified-purchaser test: broadly, more than $1 million managed by the adviser or a net worth above $2 million, with the thresholds indexed for inflation.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Hermosa Beach
- Hermosa Wealth Management $29M
- Hermosa Advisors Not reported
- Axis Capital Management, LLC $16M
- Northwoods Financial Partners LLC $705K
- Munifi, LLC $198K
See all 6 fee-only advisers in Hermosa Beach →
Nearby
- Manhattan Beach 16 firms
- Redondo Beach 4 firms
- Torrance 15 firms
- El Segundo 18 firms
- Palos Verdes Estates 2 firms
- Rolling Hills 1 firm
- Rolling Hills Estates 6 firms
- Marina Del Rey 6 firms
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