Vestpro Financial Partners, Inc. Dba Cpf Texas (Plano)


Vestpro Financial Partners, Inc. Dba Cpf Texas is a large advisory firm based in Plano. It manages $233 million of regulatory assets for 527 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Louisiana, Oklahoma, and Texas.

Vestpro Financial Partners, Inc. Dba Cpf Texas provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Vestpro Financial Partners, Inc. Dba Cpf Texas: assets under management

The assets under management (AUM) of Vestpro Financial Partners, Inc. Dba Cpf Texas is $233 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $233 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $442.13 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vestpro Financial Partners, Inc. Dba Cpf Texas for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Christopher Joel Lipper serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Christopher Joel Lipper is high net worth individuals with 60 clients and $106.39 million of assets under management. Among the 8 most similar advisory firms, Vestpro Financial Partners, Inc. Dba Cpf Texas has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $184.07 million for 161 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Vestpro Financial Partners, Inc. Dba Cpf Texas doesn't advise any private funds.

Careers at Vestpro Financial Partners, Inc. Dba Cpf Texas

The company employs 12 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 6 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 don’t receive compensation from other entities for client referrals.

Christopher Joel Lipper has been acting as President since 1 Oct 2007. Lesli Anne Harlan joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Rudy Fernandez Chief financial officer 1 Jul 2002 Other 4972862
Mark Steven Schupbach Chief executive officer 1 Aug 2007 50% - 75% 415953
Christopher Joel Lipper President/cio 1 Oct 2007 Other 4298665
Thomas Andrew Knippa Chief planning officer 1 Oct 2007 Other 3031562
Adam Barrett Spence Client advisor 1 Nov 2007 Other 4569706
Lesli Anne Harlan Chief compliance officer 1 Nov 2014 Other 5118527

Based in Plano

The principal office where Vestpro Financial Partners, Inc. Dba Cpf Texas performs its advisory services is located at 2500 Dallas Parkway, Plano, TX 75093, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-696-2323 or by fax 214-696-8885. The normal business hours are 8:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at cpftexas.com.