CPS Investment Advisors
CPS Investment Advisors is a fee-only financial advisor firm based in Lakeland, Florida. Its team of 15 financial advisors offers financial planning, retirement account and portfolio management services to a wide range of clients. CPAlliance, a division of CPS Investment Advisors, provides services to other advisory firms. Altogether, CPS has $1.46 billion in client assets under management (AUM), helpint to putt it on SmartAsset's top financial advisor list for Lakeland.
As a fee-only advisory, CPS receives all of its compensation from the advisory fees that clients pay. That's different from a fee-based firm, which also receives third-party forms of compensation such as sales commissions.
CPS Investment Advisors Background
CPS Investment Advisors was founded in 1975, though it didn't register as an investment advisor with the U.S. Securities and Exchange Commission (SEC) until 1989. The firm is principally owned by James M. Luffman, Peter C. Golotko and Michael A Riskin. Golotko serves as president of CPS, Luffman acts as co-vice president and Riskin is the firm's corporate officer and co-vice president.
Luffman, Golotko and Riskin are all certified public accountants (CPAs) with a personal financial specialist (PFS) designation. The firm employs a number of other advisors who also hold financial certifications such as for certified financial planner (CFP), certified public accountant (CPA), chartered life underwriter (CLU), chartered financial consultant (ChFC) and chartered retirement plans specialist (CRPS).
CPS Investment Advisors Client Types and Minimum Account Sizes
CPS Investment Advisors works with a range of different clients, though the vast majority are individuals who do not have high net worths. The firm also maintains advisory relationships with foundations, endowments, pension and profit-sharing plans, charities, government entities and businesses.
CPS does not have a minimum account size listed in its paperwork filed with the Securities and Exchange Commission. That said, advisors may impose minimums on a case-by-case basis.
Services Offered by CPS Investment Advisors
CPS Investment Advisors focuses on three main types of services: financial planning and consulting, portfolio management and retirement account services.
- Financial planning
- Personal financial goal planning
- Tax planning
- Cash flow analysis
- Death and disability needs planning
- Retirement planning
- Estate planning
- Portfolio management
- Individual, risk-adjusted portfolio creation
- Investment policy statement design
- Portfolio supervision
- Retirement account services
- 401(k) services for plan providers
- 401(k) Pilot program for plan participants
- 403(b) plan participant services
- CPAlliance
- Pooled, separate account management for outside advisory firms
- Trust services
- Insurance solutions
- Trading, reporting and compliance services
- Back room support
CPS Investment Advisors Investing Philosophy
CPS Investment Advisors looks to tailor its investment philosophies, strategies and advice to the individual needs and goals of each client. Its advisors discuss these objectives with each client individually at the outset of their relationship, in turn using this information to create an investment policy statement (IPS). This IPS will then guide the portfolio construction plan and its future management for each client. All funds are managed on a discretionary basis, meaning you give the firm the authority to invest your money for you.
CPS uses financial newspapers and publications, among other sources of information, to help inform its investment decisions. The firm also sticks to a value-driven premise of buying undervalued securities to achieve long-term results, applying the principals of fundamental analysis to identify these undervalued securities. All assets under CPS Investment Advisors' control are heavily diversified among multiple asset classes and geographies.
Fees Under CPS Investment Advisors
CPS Investment Advisors charges different fees based on the types of services requested by each client. All fees, including those related to financial planning services, are subject to negotiation. Here's a breakdown of the various fee schedules at this firm:
| Investment Supervisory Services | |
| AUM | Annual Fee |
| First $3MM | 1.50% |
| $3MM - $5MM | 1.00% |
| $5MM and up | 0.75% |
| 401(k) Pilot Services | |
| AUM | Annual Fee |
| First $3MM | 1.50% |
| $3MM - $5MM | 1.00% |
| $5MM and up | 0.75% |
| 401(k) Retirement Account Services | |
| AUM | Annual Fee |
| Up to $1BB | 1.00% |
| 403(b) Pilot Services | |
| AUM | Annual Fee |
| Up to $99MM | 1.50% |
The following table shows what you'll pat for investment supervisory services at CPS, based on your total assets:
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Investment Management Fees at CPS Investment Advisors* | |
| Your Assets | CPS Annual Fee Amount |
| $500K | $7,500 |
| $1MM | $15,000 |
| $5MM | $65,000 |
| $10MM | $102,500 |
What to Watch Out For
CPS Investment Advisors does not have any disclosures of legal or regulatory issues reported on its latest Form ADV.
Opening an Account With CPS Investment Advisors
There are plenty of options available for those interested in opening an account with CPS Investment Advisors. You can go online to the firm's website and submit a form for a free consultation. You can also call headquarters at (863) 688-1725 or visit the firm at its offices in Lakeland or The Villages.
All information is accurate as of the writing of this article.
Tips for Financial Planning
- Finding the right financial advisor for you doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors, get started now.
- If your primary focus is preparing for retirement, a good first step is to figure out whether you're on track to meet your retirement income needs. Use our retirement calculator to find out where you stand.
