Cypress Asset Management Inc
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Overview
Cypress Asset Management Inc is a financial advisory company located in Houston, Texas. The firm handles $298.0 million in assets throughout 124 accounts, placing it in the mid-tier of investment advisory firms in the nation by assets under management (AUM). It has a small group, including 3 financial advisors. Cypress Asset Management Inc is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like options, equities and bonds.
Cypress Asset Management Inc oversees most of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell choices are made by a portfolio manager without needing to seek the client's consent. The firm also administers two non-discretionary accounts with a total of $5.3 million in assets. The advisory firm oversees an average of $2.4 million in assets for each customer account. The typical advisor at Cypress Asset Management Inc manages around 41 client accounts, placing it towards the middle in terms of personalization.
The firm's headquarters is located at 4550 Post Oak Place Drive, Houston, Texas 77027. Cypress Asset Management Inc is legally registered to provide services to customers throughout a few states, including Florida and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cypress Asset Management Inc by the Numbers
$298.0 million
5
124
$2.4 million
Fee Structure
Financial management fees largely vary depending on which services the firm provides the client. Fees charged by Cypress Asset Management Inc typically consist of the following fee structure: asset-based. The firm does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm does business with a number of different clients. It provides services to retail investors, high net worth investors, banking institutions, charitable organizations and corporations. Out of its 124 customers, Cypress Asset Management Inc's largest client type by number of accounts is high net worth investors, although it also manages money for 57 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 47.5%
- Other Individuals - 44.17%
- Corporations - 4.17%
- Charitable Organizations - 4.17%
* 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
Cypress Asset Management Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Cypress Asset Management Inc
Houston, TX
Houston, TX
Houston, TX
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