Cuso Financial Services, L.P

CRD#42132
Investment Advisor Firm

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Overview

Cuso Financial Services, L.P operates as a financial advisor company headquartered in San Diego, California. The company manages $4.4 billion in assets throughout 24,999 customer accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). The firm has a large group, including 468 financial advisors. Cuso Financial Services, L.P does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like equities, options and bonds.

Cuso Financial Services, L.P oversees some of its client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction choices without needing the client's authorization. It also has 21,453 non-discretionary accounts with a total of $3.2 billion in assets. The company's typical account size is $175,389. The average advisor at Cuso Financial Services, L.P administers about 53 client accounts, placing it towards the middle in terms of personalization.

The firm's headquarters is located at 10150 Meanley Drive, 1St Floor, San Diego, California 92131. It is legally registered to serve investors throughout 51 U.S. states and territories.

Assets Under Management

$4.4 billion

Number of Advisors

468

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

$4.4 billion

National Average: $9.0 billion
Total Number of Employees

656

National Average: 71,771
Total Number of Accounts

24,999

National Average: 4,329
Average Account Size

$175.4 thousand

National Average: $2.1 million

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Products and Services

Cuso Financial Services, L.P provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the last fiscal year, the company provided financial planning services to 25-Nov of its accounts. Cuso Financial Services, L.P is engaged in selling products or offering services different than investment advisory services to its clients. It is affiliated with a number of other service providers in the financial services industry, 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 47% 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 21% 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

Fees charged by financial advisors usually vary depending on which services the firm provides the client. Fees charged by Cuso Financial Services, L.P can be comprised of the following fee structures: asset-based, hourly or fixed. The company does not provide a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 70% 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 33% 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 does business with a broad range of customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 24,999 customers, Cuso Financial Services, L.P's biggest client by number of accounts is retail investors, but it also caters to 615 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person 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 clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 3.32%
  • Other Individuals - 96.53%
  • Corporations - 0.11%
  • Charitable Organizations - 0.04%

* 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

Aman Awan
Canton, MI
David Jones
San Diego, CA
Jesse Lugenbeel
San Diego, CA
Therese Misner
Corvallis, OR
Kimberly Weitzel
San Diego, CA
Kevin Witmer
Syracuse, NY
Ricky Hoskins
San Diego, CA
Evan Newton
North Las Vegas, NV
Bruce Joseph
Clyde, OH

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The content in this profile was updated by SmartAsset on 04/01/2022 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.