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 registered investment adviser organized as an LLC and operating since 2017. The firm positions itself as a capital allocator that serves both individual and family clients as well as institutional entities. Its advisory services cover comprehensive financial planning and portfolio management for individuals, small businesses and larger institutions, with additional capabilities in pension consulting and manager selection. Fee arrangements include percentage-of-AUM billing as well as hourly and fixed-fee engagements. Cypress is not identified as an active ESG investor and maintains affiliations with a broker-dealer and an insurance company.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

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

    Marc Koven

    Chief Compliance Officer and Senior Financial AdvisorCRD 4916658

Contacts

3 of 13
  • Carey Mccrady

    Carey Mccrady

    Financial AdvisorCRD 5192241

  • Penny Salamida

    Penny Salamida

    Financial AdvisorCRD 2475366

  • Jason Nettleton

    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 266

Active vs passive

$666M in ETFs

Passive

57%

$381M

Active

17%

$285M

ETFProviderStyleCategoryValueShares% of portfolio
STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) ETF (SPYM)State Street$47.1M535,6067.07%
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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