Cuso Financial Services, L.P

CRD#42132
Investment Advisor Firm

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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.

This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.