Cypress Wealth Services, Llc
- Regulatory AUM
- $1.3B
- Discretionary
- $1.3B
- Clients
- 836
- Avg AUM / client
- $1.6M
- Accounts
- 2,215
- Employees
- 21
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Feb 06, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 469 | $134M | 10.0% |
| High net worth individuals | 356 | $1.1B | 84.9% |
| Charitable organizations | 5 | $50.1M | 3.74% |
| Corporations and other businesses | 6 | $17.9M | 1.34% |
People (14)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Christian Brad Risenmay | Partner & Senior Financial Advisor | CFP | Jul 2014 (12y) | ≈ 18.75% – 50% via Risenmay, Inc. |
| David Reeder Thatcher | Partner & Senior Financial Advisor | CFP | Jul 2014 (12y) | ≈ 18.75% – 50% via Second Growth Financial |
| Stephen Ross Biesinger | Partner & Senior Financial Advisor | Jul 2014 (12y) | ≈ 18.75% – 50% via Cypress Group Wealth Advisors, Inc. | |
| Marc Edelman Koven | Chief Compliance Officer | Jun 2017 (9y) | Less than 5% | |
| Penny Elizabeth Salamida | Registered representative | Jul 2017 (9y) | ||
| Clark Steven Penney | Registered representative | Jul 2017 (9y) | ||
| Jason Mccord Nettleton | Registered representative | Jul 2017 (9y) | ||
| Gregory Thomas Frech | Registered representative | Jan 2019 (8y) | ||
| Carey Sylvan Mccrady | Registered representative | CFP | May 2023 (3y) | |
| James Alan Watson | Registered representative | Sep 2024 (2y) | ||
| Dermott Gabriel Larkin | Registered representative | Apr 2025 (1y) | ||
| William Alan Gordon | Registered representative | Apr 2025 (1y) | ||
| Bradley Jay Arave | Registered representative | CFP | Feb 2026 (0y) | |
| James Michael Bray | Registered representative | CFP | Feb 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Risenmay, Inc. | Managing Member | Jun 2017 | A | 25% – 50% |
| Second Growth Financial | Managing Member | Jul 2016 | A | 25% – 50% |
| Cypress Group Wealth Advisors, Inc. | Managing Member | Jun 2017 | A | 25% – 50% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Christian Brad Risenmay: 75% – 100% of Risenmay, Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
- David Reeder Thatcher: 75% – 100% of Second Growth Financial × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Stephen Ross Biesinger: 75% – 100% of Cypress Group Wealth Advisors, Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/06/2026 | 973 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $1.3B (100% of AUM) Feb 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Feb 06, 2026.
View current Form ADV (SEC/IAPD) ↗