Description of Services and Fees We are a registered investment adviser based in Hingham, Massachusetts. We are organized as a limited liability company under the laws of the State of Delaware and we have been providing investment advisory services since January, 2010. Deirdre Prescott is our principal owner.
We provide wealth management services designed to provide you with a complete investment plan that is aimed at integrating your overall retirement, estate and other planning and investment needs. Our wealth management services consist of discretionary or non-discretionary investment management services and financial planning services as described below. We also provide consulting services, consolidated reporting, on-line document storage services and selection of other advisers.
Please refer to the description of each service listed below for information on how we tailor our services to your individual needs.
As used in this brochure, the words "we," "our" and "us" refer to Sandy Cove Advisors, LLC and the words "you," "your" and "client" refer to you as either a client or prospective client of our firm. Also, you may see the term Associated Person throughout this brochure. As used in this brochure, our Associated Persons are our firm's officers, employees, and all individuals providing investment advice on behalf of our firm.
Investment Management Services We offer discretionary and non-discretionary investment management services to our clients and prospective clients. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for investment management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information (the "suitability information") at the beginning of our advisory relationship. We will use the suitability information we gather from our initial meeting to develop an Investment Policy Statement and strategy that enables our firm to give you continuous and focused investment advice and to make investments on your behalf. As part of our investment management services, we may customize an investment portfolio for you in accordance with your risk tolerance and investing objectives and/or we may invest your assets according to one or more model portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio, we will monitor your portfolio's performance on an ongoing basis, and will rebalance the portfolio as required by changes in market conditions and in your financial circumstances.
As part of our portfolio management services, we may also service employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, education services to plan participants, investment performance monitoring, and/or ongoing consulting. These engagements are typically regulated under the Employee Retirement Income Securities Act ("ERISA"). All services, whether discussed above or customized for the plan based upon requirements from the plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents.
If you participate in our discretionary investment management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm or trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your 4 account) by providing our firm with your restrictions and guidelines in writing. If you enter into non- discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account.
Financial Planning and Advisory Consulting Services Financial planning services will typically involve providing a variety of services, principally advisory in nature, regarding the management of your financial resources based upon an analysis of your individual needs. At the inception of the relationship, we will obtain relevant information from you to understand your goals, assets, tax rate, risk tolerance, liquidity needs and income. Financial planning services may include, but may not be limited to, a review of your overall financial situation and preparation of a plan or written report of recommendations covering cash flow, tax planning, divorce planning (may be provided as a stand-alone service), investment planning, retirement planning, estate planning, insurance review/planning, education planning, asset allocation recommendations, and written updates of existing financial plans.
In addition, we also provide consulting services whereby the services we provide to clients include, but are not be limited to: bill paying management, administrative reviews of financial and estate plans, 529 plan analysis, charitable giving funds, and analysis of other investment related documents. Our fees are negotiable depending upon the complexity and scope of the services rendered. Our recommendations are based on the clients' stated goals, objectives, time horizon, and financial information you provide to our firm. You must promptly notify our firm if your financial situation, goals, objectives, or needs change.
You are under no obligation to act on our financial planning and consulting recommendations. Should you choose to act on any of our recommendations, you are not obligated to implement the financial plan through any of our other investment advisory services or through any other professionals we may recommend to you. Moreover, you may act on our recommendations by placing securities transactions with any brokerage firm. It is your responsibility to promptly notify us if there is ever any change in your financial situation or investment objectives for the purpose of reviewing, evaluating, or revising our previous recommendations and/or services.
As part of our overall wealth management

approach, when you retain us to provide investment management services, we may also provide you with financial planning services. Depending upon the complexity of your needs, we may elect to charge separate fees for financial planning, as described below, which will be in addition to investment management fees.
Family Office and Wealth Planning Services We offer Family Office and Wealth Planning Services designed to help our clients organize their financial situation and plan for the successful transfer of wealth to the next generation in the most tax- advantaged manner. Our Family Office and Wealth Planning services are designed to assist ultra-high net worth clients and may include, but are not limited to, tax planning, estate planning and trustee oversight, lifestyle management, succession planning, family philanthropy, third-party coordination (ex: attorneys and CPAs), administrative functions, consolidated reporting, family governance, and provide financial education. Sandy Cove manages assets for wealthy individuals and families. Some of these clients work in the financial industry and may have an interest or manage or advise on investments for mutual funds that could be considered as investment opportunities for Sandy Cove's clients. This represents a potential conflict of interest. To mitigate this conflict we conduct ongoing due diligence and require the client(s) 5 to sign an acknowledgement form. Sandy Cove Advisors has a rigorous process for investment selections for our clients and would only consider these investments if the firm's proprietary ranking system and our own due diligence research on the managers supported them for inclusion on our recommended investment manager list. All terms of our engagement will be evidenced in the agreement that you sign with our firm. We will provide recommendations based on investment objectives, risk tolerance, and financial information you provide to us. You must promptly notify our firm if your financial situation, goals, objectives, or needs change.
Selection of Other Advisers As part of our investment advisory services, we may recommend that you use the services of a third party money manager ("TPMM") to manage all, or a portion of, your investment portfolio. After gathering information about your financial situation and objectives, we will recommend that you engage a specific TPMM or investment program. Factors that we take into consideration when making our recommendation(s) include, but are not limited to, the following: the TPMM's performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will monitor the TPMM's performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will monitor the TPMM's performance to ensure its management and investment style remains aligned with your investment goals and objectives.
The TPMM(s) will actively manage your portfolio and will assume discretionary investment authority over your account. We may assume discretionary authority to hire and fire TPMM(s) and/or reallocate your assets to other TPMM(s) where we deem such action appropriate. As part of our investment management services, we may use one or more independent managers, acting as sub-advisors, to manage a portion of your account on a discretionary basis. The independent manager(s) may use one or more of their model portfolios to manage your account. We will regularly monitor the performance of your accounts managed by independent manager(s), and may hire and fire any independent manager(s) and/or re-allocate assets amongst independent manager(s) without your prior approval where we deem such action appropriate. Wrap Fee Programs We do not participate in wrap fee programs. Types of Investments We offer advice on equity securities, corporate debt securities (other than commercial paper), municipal securities, mutual fund shares and ETFs. For certain clients we may also offer advice on limited partnerships and private investments.
Additionally, we may advise you on various types of investments based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the 6 following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
Assets Under Management As of December 31, 2023, we managed $457,212,173 in client assets on a discretionary basis and $29,178,573 in client assets on a non-discretionary basis.