Crossmark Wealth Management, LLC (Houston)

Crossmark Wealth Management, LLC is a large advisory firm based in Houston. It manages $824.09 million of regulatory assets for 552 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Crossmark Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Crossmark Wealth Management: assets under management

The assets under management (AUM) of Crossmark Wealth Management, LLC is $824.09 million, all of which is managed in discretionary accounts. $179 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $824.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.49 million each.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 21% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Crossmark Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Crossmark Wealth Management serves?

The firm provides services to individuals, charitable organizations, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Crossmark Wealth Management is charitable organizations with 106 clients and $521.82 million of assets under management. Among the 12 most similar advisory firms, Crossmark Wealth Management has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $824.09 million for 552 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Crossmark Wealth Management doesn't advise any private funds.

Careers at Crossmark Wealth Management, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Crossmark Global Holdings	Parent company	1 May 2017	75% - 100%	76-0228360
Michael Leo Kern	President, ceo, and treasurer	1 May 2017	Other	6511142
Inc. Capstone Financial Services	Parent company	1 May 2017	75% - 100%	76-0228360
Jim Anthony Coppedge	Chief compliance officer	1 Jun 2017	Other	3275004
Scott Howard Wynant	Managing director	1 Jun 2018	Other	1037373

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Steward Financial Holdings	Shareholder class b	1 Mar 2015	75% - 100%	06-1672964

Based in Houston

The principal office where Crossmark Wealth Management, LLC performs its advisory services is located at 15375 Memorial Drive, Houston, TX 77079, 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 713-260-9000 or by fax 713-260-9025. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.