DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
Former SEC-registered adviser
Cuso Financial Services, L.P.
Latest filing Aug 4, 2025
First filing on the tape Mar 15, 2012 · 83 filings
SEC status approved since May 31, 2001
RAUM
$5.4B
reported, Item 5.F
Discretionary
65%
of RAUM
Private clients
100%
$5.4B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
791
523 advisory (5.B.1)
Offices
825
beyond the principal office
Private funds
0
reported on Schedule D
History
83 filings and snapshots on the tape
RAUM$5.4B as of Aug 4, 2025
Mar 15, 2012$469M then
HNW client RAUM$1.2B as of Aug 4, 2025
Mar 30, 2018$251M then
State-registered IARs (5.B.3)523 as of Aug 4, 2025
Mar 15, 20120 then
Employees (5.A)791 as of Aug 4, 2025
Mar 25, 2013695 then
Private funds: no history
RAUM +15% over the last fiscal year+7.0% a year over threeIARs 571 to 523offices 900 to 825
Practice profile
derived from the filing of Aug 4, 2025; every figure names its basis
- RAUM per advisor
- $10.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 44derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $183,224derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 65%derivedof RAUM
- Institutional
- 0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 0.6derived826 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- -8.4%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +7.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $3.1BreportedItem 5.I
- Custody
- $173M, 735 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is a broker-dealer (6.A.1)
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$4.1B77%
- High-net-worth individuals$1.2B22%
- Charitable organizations$8.0M0.1%
- Corporations and businesses$7.6M0.1%
- Pension and profit-sharing plans$6.1M0.1%
- Individual clients
- 22,453reported
- HNW clients
- 655reported
- Pension plan clients
- 10reported
- Charitable clients
- 30reported
- Accounts
- 29,354reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $173M for 735 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
4 left, 0 joined in 12 months
net -4 in 12 months0 left in 90 days0 joined in 90 days181 left over 36 months
Left, latest
- Doris T Caramello to LPL Financial LLCDec 10, 2025 · Affiliated broker-dealer or bank to another
- Jason Lewis to LPL Financial LLCDec 10, 2025 · Affiliated broker-dealer or bank to another
- Christopher Leonard Mccain to Sorrento Pacific Financial, LLCNov 7, 2025 · Other
- Juan Carlos Mendez Castro to LPL Financial LLCNov 7, 2025 · Affiliated broker-dealer or bank to another
- Hope Witteman to Cetera Investment Advisers LLCAug 1, 2025 · Affiliated broker-dealer or bank to another
- Kaley Dwight Fleig to Thrivent Investment Management Inc.Aug 1, 2025 · Affiliated broker-dealer or bank to another
- Angela L Burns to Edward JonesAug 1, 2025 · Affiliated broker-dealer or bank to another
- Megan Polizzi to Cetera Investment Advisers LLCAug 1, 2025 · Affiliated broker-dealer or bank to another
- Mark Stutz to First Command Advisory ServicesAug 1, 2025 · Affiliated broker-dealer or bank to another
- Aaron Cistrelli to LPL Financial LLCJul 24, 2025 · Affiliated broker-dealer or bank to another
- Kaytie Anne Cunningham Salzman to LPL Financial LLCJul 14, 2025 · Affiliated broker-dealer or bank to another
- Jason Lewis to LPL Financial LLCJul 14, 2025 · Affiliated broker-dealer or bank to another
- Gregory A Willibey to Morgan StanleyJul 7, 2025 · Affiliated broker-dealer or bank to wirehouse
- Patricia Osuna Flores to Navy Federal Investment Services, LLCJul 7, 2025 · Affiliated broker-dealer or bank to another
- Corey Marcus Yarborough to LPL Financial LLCJun 26, 2025 · Affiliated broker-dealer or bank to another
Joined, latest
- Jason Lewis from LPL Financial LLCJul 14, 2025 · Affiliated broker-dealer or bank to another
- Saeid Mohammad Zamani from Wells Fargo AdvisorsMay 13, 2025 · Wirehouse to affiliated broker-dealer or bank
- Dennis Michael Sexton from Advice And Planning ServicesApr 3, 2025 · Affiliated broker-dealer or bank to another
- Esau Cruz Quiroz from LPL Financial LLCMar 20, 2025 · Affiliated broker-dealer or bank to another
- Alexander Gerhard Forster from Santander SecuritiesMar 18, 2025 · Affiliated broker-dealer or bank to another
- Karina Ludwika Kopaniecka from Raymond James & Associates, Inc.Mar 3, 2025 · Affiliated broker-dealer or bank to another
- Joseph Robert Herron from Cetera Investment Advisers LLCFeb 21, 2025 · Affiliated broker-dealer or bank to another
- Thomas William Hazelhoff from M Holdings Securities, Inc.Feb 7, 2025 · Affiliated broker-dealer or bank to another
- Dan Wakin from Income Advisors, LLCFeb 4, 2025 · Other
- Felix Gutierrez from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJan 23, 2025 · Wirehouse to affiliated broker-dealer or bank
- Kaley Dwight Fleig from Fbl Wealth Management, LLCJan 13, 2025 · Affiliated broker-dealer or bank to another
- Brandon Baxter from Huntington Financial AdvisorsJan 7, 2025 · Affiliated broker-dealer or bank to another
- Trinidad Salinas from Charles Schwab & Co., Inc.Dec 17, 2024 · Affiliated broker-dealer or bank to another
- Michael J Kenyon from Merrill Lynch, Pierce, Fenner & Smith IncorporatedDec 3, 2024 · Wirehouse to affiliated broker-dealer or bank
- Matthew Lucas Brown from Nationwide Investment Advisors, LLCDec 2, 2024 · Affiliated broker-dealer or bank to another
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for LPL Financial LLCOct 24, 2025 · San Diego, Ca · Firm absorbed
- 2 left for Cetera Investment Advisers LLCAug 1, 2025 · San Diego, Ca
- 2 left for Pfg AdvisorsMar 31, 2025 · Spring, Tx
- 2 left for Pfg AdvisorsMar 14, 2025 · San Jose, Ca
- 2 left for Osaic Institutions, Inc.Mar 13, 2025 · San Diego, Ca
- 2 left for Cetera Investment Advisers LLCMar 7, 2025 · San Diego, Ca
- 2 left for Osaic Wealth, Inc.Mar 6, 2025 · Allentown, Pa
- 2 left for Cetera Investment Advisers LLCFeb 7, 2025 · Leavenworth, Ks
- 3 joined from LPL Financial LLCMay 26, 2023 · Moon Township, Pa
- 21 joined from Wescom Financial Services, LLCFeb 6, 2023 · Anaheim, Ca · Firm absorbed
- 2 joined from LPL Financial LLCFeb 6, 2023 · Shawano, Wi
- 2 joined from Equitable Advisors, LLCMay 6, 2022 · Cincinnati, Oh
- 2 joined from MML Investors Services, LLCMar 4, 2022 · San Francisco, Ca
- 2 joined from Cuna Brokerage Services, Inc.Dec 3, 2021 · Boulder City, Nv
- 2 joined from Cuna Brokerage Services, Inc.Oct 5, 2021 · Wadsworth, Tx
- 5 joined from Cuna Brokerage Services, Inc.Jul 12, 2019 · Shelby, Nc
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kevin Scott Mummau · Presidentcontrolsince 06/2008 · owns less than 5%
- Theodore Robert Horwith · Chief Financial Officer, Finopsince 05/2021 · owns less than 5%
- Mary Kathryn Simonson · Chief Compliance Officersince 07/2024 · owns less than 5%
- Laura Nicole White · Advisory Chief Compliance Officersince 11/2023 · owns less than 5%
Entity owners
- Aws 1, LLC · General Partnerdirect · owns 25% to 50%
- Aws 3, Inc. · Limited Partnerdirect · owns 75% or more
- Atria Wealth Solutions, Inc. · Shareholderindirect · owns 75% or more of Aws 3, Inc.
- Aws 3, Inc. · Memberindirect · owns 75% or more of Aws 1, LLC
- LPL Financial Holdings, Inc. · Parent Companyindirect · owns 75% or more of LPL Holdings, Inc. · public reporting company
- LPL Holdings, Inc. · Shareholderindirect · owns 75% or more of Atria Wealth Solutions, Inc.
Related persons
Schedule D 7.A
- Cadaret Grant & Co Incbroker-dealerinvestment adviserreal estatenRAUM $7.7B
- Cfs Insurance And Technology Services, LLCreal estaten
- Fiduciary Trust Company Of New Hampshiren
- Grove Point Advisors, LLCinvestment advisernRAUM $2.5B
- H. Beck, Inc.broker-dealerreal estatenRAUM $2.0B
- LPL Enterprise, LLCbroker-dealerinvestment adviserreal estatenRAUM $25B
- LPL Financial LLCbroker-dealerinvestment adviserreal estatenRAUM $819B
- LPL Insurance Associates, Inc.real estaten
- Next Financial Group, Inc.broker-dealerinvestment adviserreal estatenRAUM $3.8B
- Next Financial Insurance Services Companyreal estaten
- Scf Investment Advisors, Inc.investment advisernRAUM $1.3B
- Scf Securities, Inc.broker-dealerreal estaten
- Sorrento Pacific Financial, LLCbroker-dealerinvestment adviserreal estatenRAUM $222M
- The Private Trust Company, N.A.n
- Western International Securitiesbroker-dealerinvestment adviserreal estatenRAUM $3.5B
Advisers that list Cuso Financial Services, L.P. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Aiea, Hi | 0 | 0 | 0 | ||
| Allentown, Pa | 0 | 0 | 0 | ||
| Anaheim, Ca | 0 | 0 | 0 | ||
| Appleton, Wi | 0 | 0 | 0 | ||
| Arlington, Tx | 0 | 0 | 0 | ||
| Aurora, Co | 0 | 0 | 0 | ||
| Austin, Tx | 0 | 0 | 0 | ||
| Avondale, Az | 0 | 0 | 0 | ||
| Baytown, Tx | 0 | 0 | 0 | ||
| Bismarck, Nd | 0 | 0 | 0 | ||
| Boulder, Co | 0 | 0 | 0 | ||
| Brookhaven, Pa | 0 | 0 | 0 | ||
| Cambridge, Ma | 0 | 0 | 0 | ||
| Cedar Park, Tx | 0 | 0 | 0 | ||
| Centennial, Co | 0 | 0 | 0 | ||
| Chambersburg, Pa | 0 | 0 | 0 | ||
| Charlotte, Nc | 0 | 0 | 0 | ||
| Citrus Heights, Ca | 0 | 0 | 0 | ||
| Clifton, Co | 0 | 0 | 0 | ||
| Colorado Springs, Co | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Appleton, WI11 employees
- Anaheim, CA9 employees
- Orlando, FL9 employees
- Austin, TX7 employees
- Dearborn, MI7 employees
- Clemmons, NC7 employees
- Boulder, CO6 employees
- Lunenburg, MA6 employees
- Syracuse, NY6 employees
- West Chester, PA6 employees
- Kimberly, WI5 employees
- Winston Salem, NC5 employees
- Pasadena, CA5 employees
- Livonia, MI5 employees
- Santa Rosa, CA5 employees
- Winston Salem, NC5 employees
- Beavercreek, OH5 employees
- Albuquerque, NM5 employees
- Honolulu, HI4 employees
- Honolulu, HI4 employees
- Riverside, CA4 employees
- Orange Park, FL4 employees
- Boulder, CO4 employees
- Corvallis, OR4 employees
- Lexington, KY4 employees
What changed
consecutive filings, newest first
- Financial planning clients · 101-250 to 101-250Mar 31, 2025 to May 27, 2025
- Accounts · 26,968 to 29,354Jan 3, 2025 to Mar 31, 2025
- Advisory employees · 571 to 523Jan 3, 2025 to Mar 31, 2025
- Advisory activities · 6 to 5Jan 3, 2025 to Mar 31, 2025
- BD registered reps · 663 to 622Jan 3, 2025 to Mar 31, 2025
- Charity clients · 13 to 30Jan 3, 2025 to Mar 31, 2025
- Corporate clients · 21 to 22Jan 3, 2025 to Mar 31, 2025
- HNW clients · 515 to 655Jan 3, 2025 to Mar 31, 2025
- Individual clients · 21,011 to 22,453Jan 3, 2025 to Mar 31, 2025
- Pension plan clients · 2 to 10Jan 3, 2025 to Mar 31, 2025
- Assets in custody · $73.1M to $173MJan 3, 2025 to Mar 31, 2025
- Employees · 833 to 791Jan 3, 2025 to Mar 31, 2025
- Financial planning clients · 51-100 to 101-250Jan 3, 2025 to Mar 31, 2025
- State-registered IARs · 571 to 523Jan 3, 2025 to Mar 31, 2025
- Other offices · 900 to 825Jan 3, 2025 to Mar 31, 2025
- Discretionary RAUM · $2.8B to $3.5BJan 3, 2025 to Mar 31, 2025
- HNW RAUM · $940M to $1.2BJan 3, 2025 to Mar 31, 2025
- Individual RAUM · $3.7B to $4.1BJan 3, 2025 to Mar 31, 2025
- Non-discretionary RAUM · $1.9B to $1.9BJan 3, 2025 to Mar 31, 2025
- Pension RAUM · $308,238 to $6.1MJan 3, 2025 to Mar 31, 2025
- RAUM · $4.7B to $5.4BJan 3, 2025 to Mar 31, 2025
- Business name · CUSO FINANCIAL SERVICES, L.P. to CUSO FINANCIAL SERVICESMar 28, 2024 to Jul 12, 2024
- Business name · CUSO FINANCIAL SERVICES to CUSO FINANCIAL SERVICES, L.P.Jul 12, 2024 to Jul 12, 2024
- Accounts · 25,992 to 26,968Nov 17, 2023 to Mar 28, 2024
- Advisory employees · 577 to 571Nov 17, 2023 to Mar 28, 2024
- Advisory activities · 4 to 6Nov 17, 2023 to Mar 28, 2024
- BD registered reps · 656 to 663Nov 17, 2023 to Mar 28, 2024
- Corporate clients · 18 to 21Nov 17, 2023 to Mar 28, 2024
- HNW clients · 395 to 515Nov 17, 2023 to Mar 28, 2024
- Individual clients · 20,400 to 21,011Nov 17, 2023 to Mar 28, 2024
- Pension plan clients · 4 to 2Nov 17, 2023 to Mar 28, 2024
- Assets in custody · $14.6M to $73.1MNov 17, 2023 to Mar 28, 2024
- Employees · 803 to 833Nov 17, 2023 to Mar 28, 2024
- Insurance-licensed employees · 33 to 16Nov 17, 2023 to Mar 28, 2024
- Financial planning clients · 1-10 to 51-100Nov 17, 2023 to Mar 28, 2024
- State-registered IARs · 577 to 571Nov 17, 2023 to Mar 28, 2024
- Other offices · 977 to 900Nov 17, 2023 to Mar 28, 2024
- Discretionary RAUM · $2.2B to $2.8BNov 17, 2023 to Mar 28, 2024
- HNW RAUM · $697M to $940MNov 17, 2023 to Mar 28, 2024
- Individual RAUM · $3.4B to $3.7BNov 17, 2023 to Mar 28, 2024
Signals
60 dated events
- Cuso Financial Services, L.P. no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $5.4B)Jan 2, 2026 · Left the SEC roster · derived
- Doris T Caramello left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-12-19)Dec 10, 2025 · Advisor changed firm · fact
- Jason Lewis left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-07-17)Dec 10, 2025 · Advisor changed firm · fact
- Juan Carlos Mendez Castro left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-11-25)Nov 7, 2025 · Advisor changed firm · fact
- Christopher Leonard Mccain left Cuso Financial Services, L.P. for Sorrento Pacific Financial, Llc (registered 2016-01-15)Nov 7, 2025 · Advisor changed firm · fact
- Cuso Financial Services, L.P.'s advisors moved to LPL Financial LLC (San Diego, CA): 4 of 8 registered, within 14 daysOct 24, 2025 · Firm absorbed (people side) · derived
- Mark Stutz left Cuso Financial Services, L.P. for First Command Advisory Services (registered 2025-09-16)Aug 1, 2025 · Advisor changed firm · fact
- Hope Witteman left Cuso Financial Services, L.P. for Cetera Investment Advisers Llc (registered 2025-08-25)Aug 1, 2025 · Advisor changed firm · fact
- Angela L Burns left Cuso Financial Services, L.P. for Edward Jones (registered 2025-08-25)Aug 1, 2025 · Advisor changed firm · fact
- Megan Polizzi left Cuso Financial Services, L.P. for Cetera Investment Advisers Llc (registered 2025-08-28)Aug 1, 2025 · Advisor changed firm · fact
- Kaley Dwight Fleig left Cuso Financial Services, L.P. for Thrivent Investment Management Inc. (registered 2026-05-06)Aug 1, 2025 · Advisor changed firm · fact
- 2 advisors left Cuso Financial Services, L.P. (San Diego, CA) for Cetera Investment Advisers LLC on the same dayAug 1, 2025 · Team lift-out · derived
- Aaron Cistrelli left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-05-16)Jul 24, 2025 · Advisor changed firm · fact
- Jason Lewis left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-05-28)Jul 14, 2025 · Advisor changed firm · fact
- Kaytie Anne Cunningham Salzman left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-07-15)Jul 14, 2025 · Advisor changed firm · fact
- Gregory A Willibey left Cuso Financial Services, L.P. for Morgan Stanley (registered 2025-08-29)Jul 7, 2025 · Advisor changed firm · fact
- Patricia Osuna Flores left Cuso Financial Services, L.P. for Navy Federal Investment Services, Llc (registered 2025-11-06)Jul 7, 2025 · Advisor changed firm · fact
- Corey Marcus Yarborough left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-06-26)Jun 26, 2025 · Advisor changed firm · fact
- Dennis Michael Sexton left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-06-16)Jun 3, 2025 · Advisor changed firm · fact
- Thomas Ryan Kushnerick left Cuso Financial Services, L.P. for Robinhood Asset Management (registered 2025-09-23)May 16, 2025 · Advisor changed firm · fact
- Gregory Norman left Cuso Financial Services, L.P. for Cooper Mcmanus (registered 2025-05-15)May 15, 2025 · Advisor changed firm · fact
- Howard Kenneth Wess left Cuso Financial Services, L.P. for F&A Federal Credit Union (registered 2002-05-21)May 15, 2025 · Advisor changed firm · fact
- Maxwell D Gallagher left Cuso Financial Services, L.P. for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2025-07-11)May 9, 2025 · Advisor changed firm · fact
- Norberto Mauricio Carmona left Cuso Financial Services, L.P. for Navy Federal Investment Services, Llc (registered 2025-05-20)May 2, 2025 · Advisor changed firm · fact
- Brittany Nicole Mcneally left Cuso Financial Services, L.P. for Ameriprise Financial Services, Llc (registered 2025-05-05)May 2, 2025 · Advisor changed firm · fact
- Chase Naccarato left Cuso Financial Services, L.P. for Cetera Investment Advisers Llc (registered 2025-07-02)Apr 30, 2025 · Advisor changed firm · fact
- Mohammed Moustafa Eid left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2026-05-19)Apr 11, 2025 · Advisor changed firm · fact
- Chris Jon Knabe left Cuso Financial Services, L.P. for Mwa Financial Services, Inc. (registered 2025-10-08)Apr 9, 2025 · Advisor changed firm · fact
- Brian Clarke Gates left Cuso Financial Services, L.P. for Lpl Financial Llc (registered 2025-04-24)Apr 4, 2025 · Advisor changed firm · fact
- Yun-Yu Szu left Cuso Financial Services, L.P. for Raymond James Financial Services Advisors, Inc (registered 2025-04-14)Apr 4, 2025 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026