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Cuso Financial Services, L.P. (San Diego)


Cuso Financial Services, L.P. is a large advisory firm based in San Diego. It manages $1.93 billion of regulatory assets for 11,423 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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Cuso Financial Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cuso Financial Services: assets under management

The assets under management (AUM) of Cuso Financial Services, L.P. is $1.93 billion. The firm's AUM has grown by 6823% since the beginning of its operation, and $1 of the total AUM is attributable to clients outside of the United States.


The firm manages $422.81 million in discretionary accounts and $1.51 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $150.35 thousand.
Cuso Financial Services has custody of $1.07 billion in cash and securities for 4,222 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cuso Financial Services, L.P. 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 Cuso Financial Services serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Cuso Financial Services is individuals with 10,489 clients and $1.66 billion of assets under management. Among the 9 most similar advisory firms, Cuso Financial Services has the highest percentage of individuals out of all clients.


The amount of regulatory assets under management is $1.93 billion for 10,667 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Cuso Financial Services doesn't advise any private funds.

Careers at Cuso Financial Services, L.P.

The company employs 703 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 552 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 receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Inc. Cuso Financial Services General partner & limited partner 1 Oct 1996 25% - 50% 33-0726743
Amelia Hardwick Beattie Chief operating officer, rosfp 1 Oct 1996 Other 712411
Inc. Rfcu Services Limited partner 1 Jul 1997 Other 93-1030723
Inc. Financial Partners Services Limited partner 1 Jul 1997 Other 93-1030723
Inc. Addison Avenue Financial Partners Limited partner 1 Sep 1998 Other 94-3293231
Llc Addison Avenue Financial Partners Limited partner 1 Sep 1998 Other 94-3293231
Ibm Mid America Employees Federal Credit Union Limited partner 1 Feb 1999 Other 41-0844117
Inc. Members Investment Services Limited partner 1 Feb 1999 Other 41-0844117
Think Federal Credit Union Limited partner 1 Feb 1999 Other 41-0844117
Llc Member Gateways Limited partner 1 May 1999 Other 91-1944928
Inc. Ecu Financial Services Limited partner 1 May 1999 Other 39-1941702
Mission Federal Credit Union Limited partner 1 Jun 1999 Other 33-0047850
Mission Federal Service Corp. Limited partner 1 Jun 1999 Other 33-0047850
Mission Service Corp. Limited partner 1 Jun 1999 Other 33-0047850
North Island Service Organization Limited partner 1 Jul 1999 Other 33-0361163
Nasa Federal Credit Union Limited partner 1 Sep 1999 Other 53-0258248
Nusenda Federal Credit Union Limited partner 1 Sep 1999 Other 85-0105773
Inc. Aerospace Financial Services Limited partner 1 Sep 1999 Other 52-1399045
Inc. Cooperative Agency Limited partner 1 Sep 1999 Other 85-0319676
Llc Investors Resource Group Limited partner 1 Sep 1999 Other 85-0319676
New Mexico Educators Federal Credit Union Limited partner 1 Sep 1999 Other 85-0105773
F&A Federal Credit Union Limited partner 1 Nov 1999 Other 95-1683492
Wescom Financial & Insurance Services Limited partner 1 Nov 1999 Other 95-3925244
Ksfcu Service Organization Limited partner 1 Nov 1999 Other 77-0014889
Inc. Advantage Resources Limited partner 1 Nov 1999 Other 96-2600376
Llc Kern Schools Financial Services Limited partner 1 Nov 1999 Other 77-0014889
Keypoint Financial Services Limited partner 1 Nov 1999 Other 96-2600376
Technology Credit Union Limited partner 1 Dec 1999 Other 94-1651781
Financial Resources Federal Credit Union Limited partner 1 May 2000 Other 22-1265665
L.L.C. Financial Resources Cuso Limited partner 1 May 2000 Other 22-3676137
Orange County Teachers Federal Credit Union Limited partner 1 Aug 2000 Other 95-1068595
Allegacy Federal Credit Union Limited partner 1 Nov 2000 Other 56-6087383
Llc Safe Passage Group Limited partner 1 Nov 2000 Other 56-2000385
Fairwinds Credit Union Limited partner 1 Dec 2000 Other 11-1644012
Inc Fairwinds Financial Services Limited partner 1 Dec 2000 Other 59-3107994
Inc. Members Financial Resources Limited partner 1 Jan 2001 Other 99-0347869
Power Financial Credit Union Limited partner 1 Feb 2001 Other 59-0690962
Inc. 1st Power Services Limited partner 1 Feb 2001 Other 65-0476348
Inc 66 Financial Services Limited partner 1 Apr 2001 Other 73-1365313
66 Federal Credit Union Limited partner 1 Apr 2001 Other 73-0561962
Redwood Credit Union Limited partner 1 Oct 2001 Other 94-1244186
Boeing Employees Credit Union Limited partner 1 Dec 2001 Other 91-0219435
Inc. Forum Financial Group Limited partner 1 Dec 2002 Other 35-1714970
Forum Credit Union Limited partner 1 Dec 2002 Other 35-0779057
Ltd. Sacu Financial Solutions Limited partner 1 Mar 2003 Other 74-2903495
Bayfed Credit Union Limited partner 1 Jun 2003 Other 94-1448021
Hawaii Usa Federal Credit Union Limited partner 1 Jul 2003 Other 99-0073436
Verity Credit Union Limited partner 1 Jul 2003 Other 32-5081885
Altura Credit Union Limited partner 1 Sep 2003 Other 95-2023588
Space Coast Credit Union Limited partner 1 Sep 2003 Other 59-0746906
Riverside County's Credit Union Limited partner 1 Sep 2003 Other 95-2023588
San Mateo Credit Union Limited partner 1 Dec 2003 Other 94-1231186
Citadel Federal Credit Union Limited partner 1 Dec 2003 Other 23-1357102
Firefighters First Credit Union Limited partner 1 Jan 2004 Other 95-0949175
Los Angeles Firemen's Credit Union Limited partner 1 Jan 2004 Other 95-0949175
Credit Union Of Southern California Limited partner 1 Mar 2004 Other 95-1818041
Educators Credit Union Limited partner 1 Jun 2004 Other 39-0555293
Warren Federal Credit Union Limited partner 1 Jun 2004 Other 83-0173508
Wright Patt Credit Union Limited partner 1 Jun 2004 Other 31-0278870
First Technology Credit Union Limited partner 1 Jun 2004 Other 93-0412056
Selco Community Credit Union Limited partner 1 Jul 2004 Other 93-0163693
University Federal Credit Union Limited partner 1 Jul 2004 Other 74-1160132
Bellco Credit Union Limited partner 1 Jul 2004 Other 84-0146595
Patelco Credit Union Limited partner 1 Jul 2004 Other 94-0755684
Community America Credit Union Limited partner 1 Aug 2004 Other 44-6015072
Oregon State Credit Union Limited partner 1 Aug 2004 Other 93-0444581
Osu Federal Credit Union Limited partner 1 Aug 2004 Other 93-0444581
Peter Kelso Vonk Chief compliance officer 1 Sep 2004 Other 1802421
Cynthia Dawn Zabuska Senior vice president 1 Sep 2004 Other 714285
Kevin Scott Mummau Senior vice president, srop 1 Sep 2004 Other 1089454
Loraine Kay Wiser Chief financial officer 1 Sep 2004 Other 2598438
Scott Nathan Brody Crop 1 Sep 2004 Other 2890610
Steven Donald Hollenbeck Senior vice president 1 Sep 2004 Other 1070677
Advantis Credit Union Limited partner 1 Nov 2004 Other 93-0140565
First Community Credit Union Limited partner 1 Nov 2004 Other 93-0468003
Rogue Federal Credit Union Limited partner 1 Nov 2004 Other 93-0491115
Pace Credit Union Limited partner 1 Nov 2004 Other 93-0140565
Oregon First Community Credit Union Limited partner 1 Nov 2004 Other 93-0468003
Marion & Polk Schools Credit Union Limited partner 1 Dec 2004 Other 93-0465543
Dfcu Financial Federal Credit Union Limited partner 1 Sep 2005 Other 38-1396960
Monica Carol Selman Daggs Director, surveillance and internal control;crop 1 Dec 2005 Other 4152277
Abnb Federal Credit Union Limited partner 1 Feb 2007 Other 54-0699296
One Nevada Credit Union Limited partner 1 Mar 2007 Other 88-0063564
Nevada Federal Credit Union Limited partner 1 Mar 2007 Other 88-0063564
Franklin Mint Federal Credit Union Limited partner 1 Mar 2007 Other 23-2695702
Pentagon Federal Credit Union Limited partner 1 Mar 2007 Other 52-0197038
Clackamas Community Federal Credit Union Limited partner 1 Apr 2007 Other 93-0470148
University Of Kentucky Federal Credit Union Limited partner 1 Aug 2007 Other 61-6031223
Skyone Federal Credit Union Limited partner 1 Nov 2007 Other 95-1659710
Faa First Federal Credit Union Limited partner 1 Nov 2007 Other 95-1659710
Consumers Credit Union Limited partner 1 Dec 2007 Other 38-1438667
Workers Credit Union Limited partner 1 Dec 2007 Other 04-2079901
Day Air Credit Union Limited partner 1 Mar 2008 Other 31-0546041
Kern Schools Federal Credit Union Limited partner 1 Mar 2008 Other 65-1562797
Kevin Scott Mummau Rosfp 1 Jun 2008 Other 1089454
Monica Carol Selman Daggs Rosfp 1 Jun 2008 Other 4152277
Danny Lee Krenzler Rosfp 1 Jun 2008 Other 1359854
Richard Trang Rosfp 1 Jun 2008 Other 3198637
Cynthia Dawn Zabuska Rosfp 1 Jun 2008 Other 714285
Erik Jason Canedy Rosfp 1 Jun 2008 Other 4841685
Valorie Anne Seyfert Chief executive officer, rosfp 1 Nov 2008 Other 1275676
San Antonio Federal Credit Union Limited partner 1 Jan 2009 Other 74-0956027
Daniel Joseph Kilroy Chief financial officer, finop 1 Apr 2010 Other 2022798
Baxter Credit Union Limited partner 1 Dec 2010 Other 23-7250155
Coastal Federal Financial Group Limited partner 1 Mar 2012 Other 56-2276491
Public Service Credit Union Limited partner 1 Jul 2012 Other 84-6023137
Llc Allegacy Services Limited partner 1 Aug 2012 Other 56-2234904
3 Rivers Federal Credit Union Limited partner 1 Dec 2012 Other 35-0885395
Elevations Credit Union Limited partner 1 Feb 2014 Other 84-0459116
Llc Aws 1 General partner 1 Nov 2017 25% - 50% 82-2395291
Inc. Atria Wealth Solutions Sole limited partner 1 Nov 2017 75% - 100% 82-1325012
Inc Aws 3 Sole limited partner 1 Nov 2017 75% - 100% 82-1325012

Indirect Owners

The SEC currently registers 17 indirect owners.

Name Entity Date acquired Ownership Employer ID
Valorie Anne Seyfert Shareholder, officer, directos 1 Oct 1996 25% - 50% 1275676
Valorie Anne Seyfert President 1 Apr 2004 Other 1275676
Amelia Hardwick Beattie Chief operating officer 1 May 2004 Other 712411
Bbb Family Trust Shareholder 1 May 2004 50% - 75% 24-0888805
Cjt Family Trust Shareholder 1 May 2004 50% - 75% 55-9435432
Valorie Anne Seyfert Trustee 1 May 2004 Other 1275676
George Taylor Beattie Trustee 1 May 2004 Other 5023745
Bbb Family Trust Shareholder 1 Nov 2017 Other 24-0888805
Cjt Family Trust Shareholder 1 Nov 2017 Other 55-9435432
L.P. Lee Equity Partners Fund Ii(A) Member 1 Nov 2017 50% - 75% 47-5269538
L.P. Lee Equity Partners Fund Ii Member 1 Nov 2017 25% - 50% 47-5255394
Kevin Lawrence Beard Member 1 Nov 2017 Other 2789109
Douglas John Ketterer Shareholder 1 Nov 2017 Other 2050418
Llc Triple Black Diamond Shareholder 1 Nov 2017 Other 82-2919325
Llc Lep Atria Holdings Holding company 1 Nov 2017 75% - 100% 82-2548455
Llc Atria Wealth Solutions Holdings Holding company 1 Nov 2017 75% - 100% 81-4197004
Inc Atria Wealth Solutions Holding company 1 Oct 2018 75% - 100% 82-5185377

Based in San Diego

The principal office where Cuso Financial Services, L.P. performs its advisory services is located at 10150 Meanley Drive, 1 St Floor, San Diego, CA 92131, which is also the mailing address of the firm. An additional office of the firm is in Syracuse, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-530-4400 or by fax 858-530-4404. The normal business hours are 8am-4:30pm on Monday - Friday. You can find more information about the New York firm at cusonet.com.


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