CYPRESS WEALTH SERVICES, LLC

RIASEC RegisteredEst. 2017
Total AUM
$1.3B
Discretionary
$1.3B
100% of AUM
Avg account
$605K
Accounts
2,215
Employees
21
Advisory reps
14

Firm details

Headquarters
PALM DESERT, California
CRD number
288992
Registered since
July 17, 2017
Website
www.cypressws.com
Custodians
CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI84.91%
  • Individuals10.02%
  • Charitable Organizations3.74%
  • Corporations / Businesses1.34%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Cypress Wealth Services, LLC is an independent, SEC-registered registered investment adviser organized as an LLC and operating since 2017. The firm acts as a capital allocator for both individual/family and institutional clients, offering financial planning, portfolio management for individuals and businesses, pension consulting and the selection of other advisers. Its billing blends percentage-of-AUM fees with hourly and fixed-fee arrangements. Cypress reports affiliation activity with a broker-dealer and an insurance company and does not identify as an active ESG investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 46%, Exchange Traded Equities 17%, US Government Bonds 15%, Private Funds 8%, Cash & Cash Equivalents 5%, State & Local Bonds 4%, Investment Grade Corp Bonds 3%, Non-Exchange Traded Equities 1%, Non-Investment Grade Corp Bonds 1%, Derivatives 1%46%
  • Public Funds/Mutual Funds46%
  • Exchange Traded Equities17%
  • US Government Bonds15%
  • Private Funds8%
  • Cash & Cash Equivalents5%

Owners & executives

1 of 1

  • MARC KOVEN

    Chief Compliance Officer and Senior Financial AdvisorCRD 4916658

Contacts

3 of 13

  • CAREY MCCRADY

    Financial AdvisorCRD 5192241

  • PENNY SALAMIDA

    Financial AdvisorCRD 2475366

  • JASON NETTLETON

    Senior Vice President, Financial AdvisorCRD 4084405

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 243

Active vs passive

$559M in ETFs

Passive

63%

$350M

Active

17%

$209M

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES CORE S&P 500 ETF (IVV)BlackRockPassiveLarge Blend$30M45,8875.36%
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Location

Primary office

PALM DESERT, CA

RIVERSIDE

Location

PALM DESERT, CA

Headquartered in PALM DESERT, CA, anchoring the Los Angeles-Long Beach, CA metro in the West.

Metro area
Los Angeles-Long Beach, CA
Region
West
County
RIVERSIDE
Address
74150 Country Club Dr
Time zone
PT (UTC-8)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth