# Cypress Capital, LLC

> Cypress Capital, LLC is an SEC-registered investment advisory firm in Franklin, TN, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 18, 2026.

- CRD: 171266
- Filed as: CYPRESS CAPITAL, LLC
- Also doing business as: JP2 MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Franklin, TN
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171266
- AdvisorCensus page: https://advisorcensus.com/firm/cypress-capital-llc-franklin-tn-171266

## Quick answers

**How is Cypress Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Cypress Capital, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees).

**What does Cypress Capital, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 18, 2026 states: Asset-based fee: up to 1.4% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Cypress Capital, LLC located?**
Cypress Capital, LLC's principal office is in Franklin, TN, according to its Form ADV.

**Is Cypress Capital, LLC registered with the SEC or a state?**
Cypress Capital, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171266.

**How much does Cypress Capital, LLC manage?**
Cypress Capital, LLC reports $426,048,161 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (100% discretionary).

**How have Cypress Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Cypress Capital, LLC: Regulatory assets under management: $308,813,751 in the October 2021 data and $426,048,161 in the October 2026 data, up 38%. Total employees: 11 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cypress Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (550); high net worth individuals (107); corporations or other businesses not listed above (6).

**Which custodians does Cypress Capital, LLC use?**
Cypress Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Cypress Capital, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/171266

**What changed in Cypress Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in OR.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 18, 2026)

- Asset-based fee: up to 1.4% of assets a year (the maximum the brochure states)

> The annual fee schedule for portfolio management services is based on a percentage of assets under management and ranges up to 1.4% annually.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $426,048,161
- Discretionary: $426,048,161
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 550 | $177,435,525 |
| High net worth individuals | 107 | $240,847,676 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $2,580,784 |
| Corporations or other businesses not listed above | 6 | $5,184,176 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 2014 (12 years)
- Employees: 12 total, 7 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AR, CA, FL, GA, IL, KS, LA, MD, MI, MO, NC, NY, OR, PA, SC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- cypresscapital.com
- jp2management.com
- williambevins.com
- Facebook facebook.com
- LinkedIn @CYPRESS-CAPITAL-llc
- X @Cypress_Capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $308,813,751 | 11 | March 31, 2021 |
| October 2022 | $359,387,124 | 11 | March 29, 2022 |
| October 2023 | $398,868,300 | 11 | March 30, 2023 |
| October 2024 | $400,994,432 | 12 | July 17, 2024 |
| October 2025 | $413,509,631 | 12 | June 19, 2025 |
| October 2026 | $426,048,161 | 12 | March 18, 2026 |

Regulatory assets under management: $308,813,751 in the October 2021 data and $426,048,161 in the October 2026 data, up 38%.
Total employees: 11 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in OR.

### January 2026
- No longer registered or notice-filed in MS, NH, NJ.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cypress Capital, LLC (CRD 171266): Form ADV filing data as of October 2026.