| Advisor Profile |
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| Name: |
Paul E. Palmer, Jr., CFP® |
| Phone Number: |
(713) 574-5435 |
| Website: |
Visit Website
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Business Description |
Cypress Advisory Services is an independent wealth management firm offering fee-based planning services to successful professionals, executives, retirees and business owners primarily in the Houston area. We offer our clients a full range of financial services, including comprehensive financial planning, investment management, insurance planning, estate and tax planning. Our mission is to help our clients reach their short and long-term financial goals by utilizing the following five-step process:
1. Gather adequate reliable information about a client's personal financial situation;
2. Determine the client's goals and objectives, time horizon, and risk tolerances;
3. Analyze all of the data in an objective manner;
4. Develop specific recommendations for our clients; and
5. Implement strategies in the plan and monitor the results on a regular basis.
As our services are provided on a fee basis, you will never experience the "hard-sell” approach often associated with the securities brokerage industry. With extensive experience, objective advice and a full service approach, the principals at Cypress Advisory Services are committed to forming long term relationships with determined and focused clients.
We offer an initial complimentary consultation to discuss your financial situation and to answer any questions about our firm or our services. |
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General Information |
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| Name of Broker/Dealer: |
No Affiliation
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| Name of Custodial Firm: |
Charles Schwab
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| Years of Experience in Financial Services: |
23
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| Number of Years with Current Firm: |
15
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| I work with the following types of clients: |
Businesses, Individual Investors
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Education |
| Academic Background |
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| BS, Business Administration - Louisiana State University (1980) |
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Services |
| Investment Types: |
Real Estate, Exchange Traded Funds (ETFs), Alternative Investments, Mutual Funds, Annuities, Bonds
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Chartered Life Underwriter (CLU®)
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| Insurance and Annuity Licenses: |
Disability, Life, Long Term Care
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| Financial Organization Memberships: |
Financial Planning Association (FPA), Paladin Registry
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| I work with clients as part of a team: |
Yes
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| Firm's Number of Clients: |
55
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| Firm's Number of Planning Clients: |
50
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| Firm's Number of Managed Clients: |
55
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| Assets Managed by Firm: |
$52,000,000
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Compliance |
| Registered Investment Advisor: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-only financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$500,000
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| Compensation Methods: |
Based on Assets, Hourly
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| Fee % Based on Assets: |
1%
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| Additional Details on Charges: |
AUM fee is based on the size of client's accounts and is a sliding scale starting at 1.10% for the first $500,000, 0.85% from $500,001 to $1,000,000, 0.75% from $1,000,001 to $2,000,000, 0.50% from $2,000,000 to $5,000,000, negotiable from $5,000,000
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| Minimum Fee Charged for Hourly Planning Accounts: |
$2000
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| Prepared By: |
Paul E. Palmer, Jr., CFP® |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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We don't lose clients but if a client were to leave, we would refund a prorata portion of the quarterly advisory fee collected in advance. |
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What are your qualifications? What is your education background? |
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My partner, Kurt Box and and I are both Certified Financial Planners. I have a BS in Business from LSU in 1980 and earned the CLU designation. Kurt has a masters in finance and earned the Accredited Investment Fiduciary AIF designation in 2007. |
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What is your approach to financial planning? |
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We adhere to the financial planning process as laid out by the Certified Financial Planning Board of Standards and work with our clients on a holistic basis. |
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What services do you offer? |
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We approach each client relationship from a planning perspective, which includes reviewing the following areas: Investment Management, Retirement Objectives, Estate Planning, Risk Management (i.e. Insurance), Tax Planning Issues, Asset Protection, and Business Continuation Planning. |
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How many clients do you currently manage? |
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Currently 55 indiviual family units |
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Will you be the only person working with me? |
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We work with clients as a team. |
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How are you compensated? How will I pay for your services? |
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The first year planning fee is based on an hourly fee and ongoing fees are charged quarterly in advance based on a sliding scale for assets under management. |
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If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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CAS manages client investment accounts on a discretionary basis as defined in the Investment Policy Statement (IPS). Clients are called prior to reallocations which fall outside of the scope of their IPS. |
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Do you offer any guaranteed results? |
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How much risk should I be willing to take? |
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Risk tolerance is goal driven and determined through an independent evaluation survey. |
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Have you ever been charged with any breaches? |
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Do you provide a free initial consultation? |
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We offer a free initial consulation to determine client needs and discussion of firm services, benefits, and fees. |
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Why should I choose you as my financial advisor? |
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We are independent, fee-only, and experienced and place our clients needs before our own. |
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