Cresta Advisors, Ltd. (Laredo)

Name: Cresta Advisors, Ltd.
Address: 104 Del Court, Laredo, TX, 78041
Telephone: 956-267-8130

Cresta Advisors, Ltd. is a large advisory firm based in Laredo. It manages $223.69 million of regulatory assets for 368 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Texas.

Cresta Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and hourly financial consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cresta Advisors: assets under management

The assets under management (AUM) of Cresta Advisors, Ltd. is $223.69 million. The firm's AUM has grown by 113% since the beginning of its operation, and $54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $205.83 million in discretionary accounts and $17.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $670.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $292.77 thousand.

Cresta Advisors has custody of $20.1 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cresta Advisors, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cresta Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cresta Advisors is high net worth individuals with 83 clients and $131.61 million of assets under management. Among the 11 most similar advisory firms, Cresta Advisors has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $223.69 million for 219 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 25% of the firm’s clients are foreign persons or businesses.

Cresta Advisors doesn't advise any private funds.

Careers at Cresta Advisors, Ltd.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Lawrence Deutsch	Managing member	1 Oct 2013	25% - 50%	2720480
Manuel Eugenio Garza	Managing member and chief compliance officer	1 Oct 2013	25% - 50%	5028039
Manuel E Garza	Managing member and chief compliance officer	1 Oct 2013	50% - 75%	5028039
Llc D And G Mgmt Co.	Member	1 Jan 2014	Other	123456

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Lawrence Deutsch	Member	1 Jan 2014	50% - 75%	2720480
Manuel Eugenio Garza	Member	1 Jan 2014	50% - 75%	5028039

Based in Laredo

The principal office where Cresta Advisors, Ltd. performs its advisory services is located at 104 Del Court, Laredo, TX 78041, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 956-267-8130 or by fax 956-267-8135. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at crestaadvisors.com.