Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Cypress Point Wealth Management, LLC Overview
Cypress Point Wealth Management, LLC is a fee-based registered investment advisory firm headquartered in Dallas, TX. The firm has been in business since 2007 and specializes in offering investment advice. Cypress Point provides a range of services to individuals, small businesses, and institutional clients, including financial planning, portfolio management, and the selection of other advisors. The firm's fee-based arrangement means that clients pay a fee for the advice and services provided by Cypress Point, rather than commission-based fees. This ensures that the firm's interests are aligned with the clients' interests, as Cypress Point is motivated to provide sound advice that benefits its clients. Cypress Point's portfolio management services are available to individual investors, small businesses, and institutional clients. The firm's investment strategies are tailored to each client's unique financial goals and risk tolerance. Cypress Point also manages pooled investment vehicles, such as mutual funds and exchange-traded funds, and offers portfolio management services to businesses and institutional clients. With a strong focus on investment advice and management, Cypress Point Wealth Management is an excellent choice for clients seeking professional guidance on managing their investments and achieving their financial goals.
CYPRESS POINT WEALTH MANAGEMENT, LLC is a comprehensive wealth management firm that caters to a wide range of clients, including both individuals and high net worth individuals. Their clients also include pooled investment vehicles, as well as charitable organizations seeking guidance on meeting their investment goals. The firm offers a range of fee structures depending on the service provided. Clients can opt for a percentage of assets under management (AUM) fee, which typically ranges between 0.25% to 2% of the total value of the investment portfolio. Alternatively, clients can choose to pay a fixed fee for specific services, such as financial planning or wealth management consultation. The firm strives to provide their clients with transparency and clarity regarding fees, ensuring that all clients understand what they are paying for and how much it will cost.
Typical Clients, Fee Structures & Investment Minimum
According to Cypress Point Wealth Management, LLC's Part 2 Brochure, there is no mention of an investment minimum.
How This Office Can Help Dallas County, TX Residents
Cypress Point Wealth Management offers personalized financial planning and investment management services to clients in Dallas County, TX. Our team of advisors works closely with each client to understand their unique financial situation and goals, and develop a customized plan to help them achieve those goals. Many residents of Dallas County, TX face a variety of financial challenges, including managing debt, saving for retirement, and planning for the future of their families. Our advisors can help clients navigate these challenges, providing guidance on budgeting, investing, and risk management. We also specialize in retirement planning, helping clients make the most of their savings and investments to ensure a comfortable retirement. With years of experience and a deep understanding of the financial landscape in Dallas County, TX, Cypress Point Wealth Management is well-equipped to help clients meet their financial goals and secure their financial future.
Services Offered by Cypress Point Wealth Management, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Cypress Point Wealth Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Cypress Point Wealth Management, LLC is registered to service clients in the following states:
- California
- Louisiana
- Texas
Disciplinary History
Cypress Point Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.