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PS

Penny E. Salamida

CYPRESS WEALTH SERVICES
Palm Desert, CA 92260
Some features on this profile are disabled
CRD#: 2475366
PS

Professional summary

Penny Elizabeth Salamida, who also goes by Penny E Salamida, is a registered financial advisor currently at CYPRESS WEALTH SERVICES, LLC located in Palm Desert, California and M. S. HOWELLS & CO. located in Palm Desert, California.

Penny is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1998. Penny has worked at 9 firms and has passed the Series 65, Series 63, SIE and Series 7 exams.

Question & Answer

Are you a "fiduciary"?
Yes

Aliases

Penny E Salamida

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Penny Elizabeth Salamida's CRS (Customer Relationship Summary).
CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience

Current

July 18, 2017 - Present

CYPRESS WEALTH SERVICES, LLC

Office #1: 74150 Country Club Drive, Palm Desert, CA 92260
RIA
CRD#: 288992
Palm Desert, CA
Current

March 23, 2021 - Present

M. S. HOWELLS & CO.

Office #1: 74150 Country Club Drive, Palm Desert, CA 92260
BD
CRD#: 104100
Palm Desert, CA
Past

December 16, 2013 - March 1, 2021

PURSHE KAPLAN STERLING INVESTMENTS

BD
CRD#: 35747
PALM DESERT, CA
Past

June 1, 2009 - October 2, 2013

MORGAN STANLEY

RIA
CRD#: 149777
PALM DESERT, CA
Past

June 1, 2009 - October 2, 2013

MORGAN STANLEY

BD
CRD#: 149777
PALM DESERT, CA
Past

April 2, 2007 - June 1, 2009

MORGAN STANLEY & CO. LLC

RIA
CRD#: 8209
PALM DESERT, CA
Past

April 2, 2007 - June 1, 2009

MORGAN STANLEY & CO. LLC

BD
CRD#: 8209
PALM DESERT, CA
Past

September 13, 2005 - April 2, 2007

MORGAN STANLEY DW INC.

RIA
CRD#: 7556
PALM DESERT, CA
Past

September 13, 2005 - April 2, 2007

MORGAN STANLEY DW INC.

BD
CRD#: 7556
PALM DESERT, CA
Past

April 28, 2003 - July 13, 2005

TD AMERITRADE, INC.

RIA
CRD#: 7870
INDIAN WELLS, CA
Past

October 7, 2002 - July 13, 2005

TD AMERITRADE, INC.

BD
CRD#: 7870
OMAHA, NE
Past

February 3, 2000 - December 13, 2000

UBS FINANCIAL SERVICES INC.

BD
CRD#: 8174
WEEHAWKEN, NJ
Past

May 14, 1998 - December 6, 1999

PRUDENTIAL EQUITY GROUP, LLC

BD
CRD#: 7471
NEW YORK, NY

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
CW
CYPRESS WEALTH SERVICES, LLC
CYPRESS WEALTH SERVICES, LLC | THE CYPRESS GROUP

CRD#: 288992 / SEC#: 801-110836

RIA
Registered Investment Advisory firm - (7/17/2017 Approved)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.
RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

IAR
California
(7/18/2017)
RR
California
(3/23/2021)

Exams

State Security Law Exam
IAR
Series 65
Date: 6/6/1998
Uniform Investment Adviser Law Examination
State Security Law Exam
RR
Series 63
Date: 6/6/1998
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
SIE
Date: 10/1/2018
Securities Industry Essentials Examination
General Industry/Product Exam
RR
Series 7
Date: 5/9/1998
General Securities Representative Examination
SRO Registrations
RR
FINRA

Current Firm

CW
CYPRESS WEALTH SERVICES, LLC
CYPRESS WEALTH SERVICES, LLC | THE CYPRESS GROUP

CRD#: 288992 / SEC#: 801-110836

RIA
Registered Investment Advisory firm - (7/17/2017 Approved)
PREMIUM
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Contact information

Main Address
74150 Country Club Drive, Palm Desert, CA 92260
Mailing Address
Phone number
(760) 834-7250
Established
Firm type
Fiscal year end
# of Employees
21

SEC notice filing (19 States and Territories)

Blank US states mapAlaskaHawaiiAlabamaArkansasArizonaCaliforniaColoradoConnecticutDelawareFloridaGeorgiaIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWisconsinWest VirginiaWyoming

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

CYPRESS DISCLOSURE BROCHURE (2/6/2026)

Regulatory assets under management

Total Number of Accounts2,215
AUM (Assets Under Management)$ 1,339,348,214

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Company Information

CYPRESS WEALTH SERVICES, LLC

CRD#: 288992Palm Desert, CA 92260

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