Cypress Point Wealth Management, LLC (Dallas)

Name: Cypress Point Wealth Management, LLC
Address: 3838 Oak Lawn Ave, Dallas, TX, 75219
Telephone: 214-736-8887

Cypress Point Wealth Management, LLC is a large advisory firm based in Dallas. It manages $652.18 million of regulatory assets for 174 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Louisiana, and Texas.

Cypress Point Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cypress Point Wealth Management: assets under management

The assets under management (AUM) of Cypress Point Wealth Management, LLC is $652.18 million. The firm's AUM has grown by 261% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $607.84 million in discretionary accounts and $44.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $904.85 thousand.

Cypress Point Wealth Management has custody of $398.8 million in cash and securities for 75 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio. Investments in pooled investment vehicles form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cypress Point Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cypress Point Wealth Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Cypress Point Wealth Management is high net worth individuals with 93 clients and $614.41 million of assets under management. Among the 6 most similar advisory firms, Cypress Point Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $652.18 million for 174 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cypress Point Wealth Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $50,000 for each fund.

Careers at Cypress Point Wealth Management, LLC

The company employs 16 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. 3 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 doesn’t compensate 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
Lp Goldcrest Investments	Texas limited partnership	1 Dec 2006	Other	20-5961137
Glenda Kaye Bianchi	Chief compliance officer	1 Apr 2007	Other	1942484
James Fitzmorris Kull	Managing member	1 May 2007	25% - 50%	4678116
William Wade Taylor	Managing member	1 May 2007	25% - 50%	2821259

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Goldcrest Investments Gp	General partner	1 Nov 2006	Other	20-5961137
Adam B Ross	President	1 Nov 2006	75% - 100%	6159746

Based in Dallas

The principal office where Cypress Point Wealth Management, LLC performs its advisory services is located at 3838 Oak Lawn Ave, Dallas, TX 75219, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-736-8887 or by fax 800-927-9516. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cypresspointwealth.com.