Cuso Financial Services, L.P

CRD#42132
Investment Advisor Firm

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Learn more about Cuso Financial Services, L.P

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Cuso Financial Services, L.P operates as an advisory firm headquartered in San Diego, California. Cuso Financial Services, L.P handles $4.1 billion in assets over 25,992 customer accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). It has a large group, including 577 financial advisors. Cuso Financial Services, L.P does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments such as bonds, stocks and options.

    Cuso Financial Services, L.P manages 14,347 of the company's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell judgments for the client's account are made by a portfolio manager without requiring the client's permission. It also manages 11,645 non-discretionary accounts totaling $1.9 billion in assets. The advisory firm's average account size is $157,079. The typical advisor at Cuso Financial Services, L.P administers about 45 client accounts, placing it towards the middle in terms of personalization.

    Cuso Financial Services, L.P's headquarters is at 10150 Meanley Drive, 1St Floor, San Diego, California 92131. The company is legally allowed to serve clients across 51 U.S. states and territories.

    Assets Under Management

    $4.1 billion

    Number of Advisors

    577

    Disclosures

    No

    Office Location

    10150 Meanley Drive, 1St Floor
    San Diego, CA 92131

    Cuso Financial Services, L.P by the Numbers

    Total Assets Under Management

    $4.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    803

    National Average: 64
    Total Number of Accounts

    25,992

    National Average: 375,227
    Average Account Size

    $157.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Cuso Financial Services, L.P provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the last financial year, the firm provided 1-10 of its accounts with financial planning services. It does sell products or offer services other than investment advisory services to its clients. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees largely depend on which services the firm provides the client. Fee types billed by the firm can include some combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm manages money for a number of different clients. It caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 25,992 clients, Cuso Financial Services, L.P's biggest client type by number of accounts is retail investors, though it also serves 395 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.

    • High-Net-Worth Individuals* - 1.9%
    • Other Individuals - 97.94%
    • Corporations - 0.11%
    • Charitable Organizations - 0.06%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Cuso Financial Services, L.P does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Cuso Financial Services, L.P

    John Lunney
    Orange Park, FL
    Ruthanne Monteleone
    Downingtown, PA
    Lolla Long
    Riverside, CA
    Kelly Rhine
    San Diego, CA
    Jonathon Allen
    Anaheim, CA
    Michael Galvin
    Quincy, MA
    Michelle Poturich
    Corvallis, OR
    Ricky Hoskins
    San Diego, CA
    Carolyn Wilson
    San Diego, CA

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