Wealth manager, independent · Palm Desert, CA
Cypress Wealth Services, LLC
SEC-registered investment adviser · CRD 288992 · SEC 801-110836
At a glance
Cypress Wealth Services, LLC is an SEC-registered investment adviser based in Palm Desert, California, with $1.3B in regulatory assets under management as of its Form ADV filed February 6, 2026. It reports 825 individual clients, 356 of them high-net-worth, holding an average of about $1.5 million each, and 21 employees. That ranks it 833rd among the nation’s 5,657 independent wealth management RIAs and 99th of 714 in California. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 760-834-7250cypressws.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #833 of 5,657
- Rank among all SEC RIAs
- #4,580 of 17,210
- Rank in California
- #99 of 714
- Individual clients
- 825
- High-net-worth clients
- 356
- Accounts
- 2,215
- Discretionary
- 100% of AUM
- Employees
- 21
- Advisory staff
- 14
- Offices
- 2
Owners and executives on its Form ADV
- Christian B. RisenmayPartner & Senior Financial Advisor
- Marc E. KovenChief Compliance Officer
- David R. ThatcherPartner & Senior Financial Advisor
- Stephen R. BiesingerPartner & Senior Financial Advisor
Custody and brokerage
Broker-dealer
Hybrid RIA
Cypress Wealth Services, LLC is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer. It reports a broker-dealer among its affiliates on Form ADV.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 356 | $1.1B | 85% |
| Individuals | 469 | $134M | 10% |
| Charitable organizations | 5 | $50M | 4% |
| Corporations or other businesses | 6 | $18M | 1% |
Disciplinary disclosures
Cypress Wealth Services, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗cypressws.com ↗
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The full record on Cypress Wealth Services, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 2,769 peers of its type and size
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Cascade Financial Partners, LLCSAN Diego | $1.4B | 283 |
| Kera Capital PartnersSAN Jose | $1.4B | 310 |
| Lodestar Private Asset Management LLCAlamo | $1.3B | 544 |
| Chatterton & AssociatesAnaheim | $1.3B | 1,542 |
| Chequers Financial Management LLCSAN Francisco | $1.3B | 244 |
| Silicon Valley Capital Partners, L.P.SAN Jose | $1.3B | 513 |
Background
Questions
How much does Cypress Wealth Services, LLC manage?
Cypress Wealth Services, LLC reports $1.3B in regulatory assets under management across 2,215 accounts, 100% of it on a discretionary basis, on its Form ADV filed February 6, 2026.
How many clients does Cypress Wealth Services, LLC have?
It reports 825 individual clients: 356 high-net-worth individuals and 469 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Cypress Wealth Services, LLC headquartered?
Its main office is in Palm Desert, California. It reports 2 offices in total and 21 employees, 14 of whom perform investment advisory functions.
How does Cypress Wealth Services, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Cypress Wealth Services, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed February 6, 2026, it reports these amounts held: Charles Schwab ($1.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Cypress Wealth Services, LLC a hybrid RIA with a broker-dealer?
Cypress Wealth Services, LLC is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer. It reports a broker-dealer among its affiliates on Form ADV. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Cypress Wealth Services, LLC a fiduciary?
As an SEC-registered investment adviser, Cypress Wealth Services, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 7 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Cypress Wealth Services, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-02-06), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →