Covington Investment Advisors, Inc.

About Covington Investment Advisors, Inc.

<p>Founded in 2003, Covington Investment Advisors, Inc. is a fee-only, federally registered investment advisor with headquarters in Ligonier, in the Pittsburgh metro area of western Pennsylvania. The firm manages $0.9B in assets under management (2026) and works with individuals, high-net-worth individuals, businesses, charitable organizations, and pension/profit sharing plans.</p> <p>Covington provides investment management and retirement planning along with life transition planning and estate planning support. For employer plans, the firm takes an unbundled approach to 401(k) management, which gives plan sponsors flexibility on recordkeeping and other vendors while keeping investment oversight with the advisor.</p> <p>Plan sponsors can also engage Covington as a 3(21) fiduciary, sharing responsibility for investment recommendations while the plan sponsor retains final decision-making authority. This structure can fit organizations that want documented guidance without handing off full discretionary control.</p> <p>Covington’s differentiator is its fee-only model paired with an unbundled 401(k) setup that can be tailored to each plan’s service stack and cost goals across Pennsylvania and beyond.</p> <ul> <li>Fee-only investment advisory and wealth management</li> <li>Retirement planning for individuals and business owners</li> <li>3(21) fiduciary support for plan sponsors (<a href="/plan-advisors">plan advisors</a>)</li> <li>Unbundled 401(k) investment management and administration support (<a href="/retirement-plans">retirement plan providers</a>)</li> </ul>

Website: https://www.covingtoninvestment.com/

Founded: 2003