CYPRESS WEALTH SERVICES, LLC
Adviser information for CYPRESS WEALTH SERVICES, LLC last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | California, United States |
Employees
| Total Number of Employees | 16 |
|---|---|
| Investment Advisory/Research | 11 |
| Registered Broker-Dealer Representatives | 8 |
| Registered State Investment Advisers | 11 |
| Licensed Agents of an Insurance Company | 10 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1,605 | $821.3M |
| Non-Discretionary | 0 | $0 |
| Total | 1,605 | $821.3M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 341 | $82.0M |
| HNW Individuals | 265 | $696.2M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 6 | $40.2M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 5 | $2.9M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMHourly chargesFixed fees |
Principal Office
74150 COUNTRY CLUB DRIVEPALM DESERT
CA
United States
Monday - Friday, 9:00AM TO 5:00PM
Tel: (760) 834-7250, Fax: None
Chief Compliance Officer
MARC E. KOVEN
SENIOR FINANCIAL ADVISOR
74150 COUNTRY CLUB DRIVE
PALM DESERT
CA
United States
Tel:
(760) 834-7250
M***@************M
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| RISENMAY, CHRISTIAN, BRAD | Individual | – | PARTNER & SENIOR FINANCIAL ADVISOR | 06/2017 | < 5% |
| KOVEN, MARC, EDELMAN | Individual | – | CHIEF COMPLIANCE OFFICER | 06/2017 | < 5% |
| THATCHER, DAVID, REEDER | Individual | – | PARTNER & SENIOR FINANCIAL ADVISOR | 06/2017 | < 5% |
| BIESINGER, STEPHEN, ROSS | Individual | – | PARTNER & SENIOR FINANCIAL ADVISOR | 06/2017 | < 5% |
| RISENMAY, INC. | Domestic Entity | – | MANAGING MEMBER | 06/2017 | 25-50% |
| RISENMAY, CHRISTIAN, BRAD | Individual | RISENMAY, INC. | MANAGING MEMBER | 07/2014 | > 75% |
| SECOND GROWTH FINANCIAL | Domestic Entity | – | MANAGING MEMBER | 07/2016 | 25-50% |
| THATCHER, DAVID, REEDER | Individual | SECOND GROWTH FINANCIAL | MANAGING MEMBER | 07/2014 | > 75% |
| CYPRESS GROUP WEALTH ADVISORS, INC. | Domestic Entity | – | MANAGING MEMBER | 06/2017 | 25-50% |
| BIESINGER, STEPHEN, ROSS | Individual | CYPRESS GROUP WEALTH ADVISORS, INC. | MANAGING MEMBER | 07/2014 | > 75% |