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Peter Covino

Ancorato
27 Years of Experience
Boise, ID
5 DisclosuresSells Insurance
View SEC Summary
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Peter Covino is a registered investment advisor at Ancorato, based in Boise, ID, with 27 years of industry experience. Peter operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Investment Management. Their firm serves 6 clients with $280M in assets under management.

Ancorato
Compensation
Fee-Only (% of Portfolio)
Firm Size
8 advisors
Number of Clients
6 clients
Average Client Portfolio
$47.3M average
Assets Under Management
$283.7M

Fee Structure

Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Fees vary depending on the specific model portfolio or investment strategy used, with a maximum fee of 2.0%. Specific fee arrangements are established through contracts with referring advisors or institutions.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

13965 W. Chinden Blvd., Suite 100, Boise, ID, 83713

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History

Regulatory History (5)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
August 2025
Pending
Regulatory
January 2014
Final
Customer Dispute
January 2013
Settled
Customer Dispute
August 2011
Denied
Customer Dispute
May 2011
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Peter owns multiple businesses, including Blue Sky Tax Advisory LLC (CPA practice), Legacy Integrated LLC (wealth advisory firm), Legacy Wealth Advisors LLC (pass-through entity for other business activities and insurance obligations), and Legacy Portfolio Management LLC (advisory business). He spends about half his time on Legacy Wealth Management.

Employment History
Current Registrations
Ancorato
January 2024 - Present · 2 yrs 9 mos
Legacy Wealth Management, LLC
April 2015 - Present · 11 yrs 6 mos
Previous Registrations
Legacy Investment Solutions, LLC
November 2022 - December 2023 · 1 yr 1 mo
American Independent Securities Group, LLC
March 2014 - January 2015 · 10 mos
American Independent Securities Group, LLCBroker
October 2013 - January 2015 · 1 yr 3 mos
Prospera Financial Services, INC.
October 2010 - October 2013 · 3 yrs
Prospera Financial Services, INC.Broker
October 2010 - October 2013 · 3 yrs
Vsr Financial Services, INC.Broker
January 2009 - September 2010 · 1 yr 8 mos
Vsr Advisory Services
January 2009 - September 2010 · 1 yr 8 mos
LPL Financial Corporation
January 2005 - January 2009 · 4 yrs
LPL Financial CorporationBroker
December 2001 - January 2009 · 7 yrs 1 mo
Equity Services, INC.Broker
June 1999 - December 2001 · 2 yrs 6 mos
Mony Securities CorporationBroker
October 1998 - June 1999 · 8 mos
State Registrations1 state
ID
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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