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 company located in San Diego, California. The company manages $3.3 billion in total assets across 18,783 client accounts, placing it among the biggest firms in the United States by assets under management (AUM). The firm has a large group of 726 employees, including 522 financial advisors. Cuso Financial Services, L.P does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as bonds, options and stocks.

    Cuso Financial Services, L.P administers some of the company's client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell judgments for the client's account without requiring the customer's permission. It also oversees 17,013 non-discretionary accounts totaling $2.7 billion in AUM. The investment advisory firm's average account size is $177,302. The average advisor at Cuso Financial Services, L.P administers around 36 client accounts, placing it towards the middle in terms of personalization.

    The company's headquarters is at 10150 Meanley Drive, 1St Floor, San Diego, California 92131. The firm is allowed to provide services to investors throughout 51 U.S. states and territories.

    Assets Under Management

    $3.3 billion

    Number of Advisors

    522

    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

    $3.3 billion

    National Average: $3.7 billion
    Total Number of Employees

    726

    National Average: 29
    Total Number of Accounts

    18,783

    National Average: 2,073
    Average Account Size

    $177.3 thousand

    National Average: $1.8 million

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    Products and Services

    Cuso Financial Services, L.P provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the past financial year, the company provided 11-25 of its accounts with financial planning services. The company is engaged in selling products or offering services apart from investment advisory services to its clients. Cuso Financial Services, L.P is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

    • Offered by 45% 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 62% 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 23% 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 typically depend on the services offered. Fees billed by the company may include the following fee structures: asset-based, hourly or fixed. Cuso Financial Services, L.P does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 74% 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 35% 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 40% 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 2% 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 17% 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 1% 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 12% 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 works with retail investors, high net worth investors and corporations. Out of its 18,783 clients, Cuso Financial Services, L.P's biggest client group by number of accounts is retail investors, though it also caters to 435 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 2.9%
    • Other Individuals - 96.97%
    • Corporations - 0.13%
    • Charitable Organizations - 0%

    * 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

    Peter Cosentino
    Falls Church, VA
    Venkatesh Kurvari
    Frisco, TX
    Justin Perkins
    Lexington, KY
    Herbert Marx
    Boulder, CO
    James Lowe
    Florence, AZ
    Amanda Duran
    San Diego, CA
    Eugene Fistani
    Colorado Springs, CO
    Troy Strong
    Austell, GA
    Scott Herrmann
    Boulder, CO

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    The content in this profile was updated by SmartAsset on 08/06/2020 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com. The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

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