About Our Firm
Cushing Capital Partners, LLC (“Cushing Capital”) is a registered investment adviser that provides
investment management and financial advisory services to individual and institutional investors to
help them achieve their financial needs and goals. Cushing Capital is owned by MJO Consulting,
LLC and Mayer Capital, LLC, which are holding companies. Matthew Ottusch is the sole owner of
MJO Consulting and Jacob Mayer is the sole owner of Mayer Capital. Cushing Capital has been a
registered investment adviser since 2021.
Our firm takes pride in providing personalized service to our clients and acknowledges that it is held
to a fiduciary standard of care.
Types of Advisory Services We Offer
Cushing Capital offers a variety of advisory services to individuals, high net worth individuals,
foundations, businesses, and corporations. These services include:
• Investment and wealth management
• Selection of Independent Managers
• Financial planning and consulting
• Fiduciary and non-fiduciary services for plan sponsors
We work with our clients to determine their investment objectives and risk profile and develop a
customized investment plan based on their individual needs and goals. Cushing Capital will utilize
the financial information provided by the client to analyze and develop strategies and solutions to
assist the client in meeting their financial goals.
Prior to Cushing Capital rendering any of the foregoing services, clients are required to enter into
one or more written advisory agreements with Cushing Capital setting forth the relevant terms and
conditions of the advisory relationship.
Investment and Wealth Management Services
Cushing Capital manages our clients’ portfolios on a discretionary and non-discretionary basis. Our
investment and wealth management services are tailored to the needs of our clients and are based on
a comprehensive understanding of each client’s current situation, past experiences, and future goals.
With this acquired knowledge we create, analyze, strategize, and implement goal-oriented
investment solutions. These solutions become our clients’ investment policy. This policy and our
matched strategies are designed to be risk appropriate, cost effective and tax efficient.
Our wealth management services generally include a broad range of comprehensive financial
planning and/or consulting services, as well as discretionary and non-discretionary management of
investment portfolios.
Client assets are primarily allocated among individual equity and debt securities and exchange-
traded funds ("ETFs") in accordance with the client's stated investment objective and risk/volatility
parameters. We may also recommend clients allocate a certain portion of their assets to independent
investment managers ("Independent Managers"). Where appropriate, Cushing Capital may also
provide advice about many types of legacy positions or other investments held in client portfolios.
Clients may also engage Cushing Capital to manage and/or advise on certain investment products
that are not maintained at their primary custodian, such as variable life insurance and annuity
contracts and assets held in employer sponsored retirement plans and qualified tuition plans (i.e.,
529 plans). In these situations, Cushing Capital will direct or make recommendations on a non-
discretionary basis for the allocation of client assets among the various investment options available
with the product. These assets are generally maintained at the underwriting insurance company or
custodian for the plan trustee or administrator and clients retain responsibility for effecting trades in
these accounts.
Cushing Capital consults with clients on an initial and ongoing basis to assess their specific risk
tolerance, time horizon, liquidity constraints and other related factors relevant to the management
of their portfolios. You should promptly notify us if there are changes in your financial situation or
if you wish to place any limitations on the management of your account. You may impose
reasonable restrictions or mandates on the management of your account if Cushing Capital
determines, in our sole discretion, the conditions would not materially impact the performance of a
management strategy or prove overly burdensome to the firm's management efforts.
To the extent a client’s assets are managed by an Independent Manager or are invested in a
particular fund, those managers and funds will have their own investment practices. Those
investment practices are described in each manager’s Form ADV or fund’s prospectus, or in its
offering or other disclosure documents. In addition, selected money managers or funds typically
have discretion to determine the type, and amount, of securities to be purchased or sold for the
portion of the assets managed by the money manager or fund.
Selection of Independent Managers
Cushing Capital may select certain Independent Managers to actively manage all or a portion of its
clients' assets. Pursuant to the terms of the investment advisory agreement, Cushing Capital shall
have the discretion to appoint and terminate these third-party advisers. The specific terms and
conditions under which a client engages an Independent Manager may also be set forth in a separate
written agreement with the designated Independent Manager. In addition to this brochure, clients
will also receive the written disclosure documents of the respective Independent Managers engaged
to manage their assets. Cushing Capital evaluates a variety of information about Independent
Managers, which may include the Independent Managers' public disclosure documents, materials
supplied by the Independent Managers themselves and other third-party analyses it believes are
reputable. To the extent possible, Cushing Capital seeks to assess the Independent Managers'
investment strategies, past performance, and risk results in relation to its clients' individual portfolio
allocations and risk exposure. Cushing Capital also takes into consideration each Independent
Manager's management style, returns, reputation, financial strength, reporting, pricing, and research
capabilities, among other factors. When utilizing Wells Fargo & Company as the Independent
Manager or managers available through a program offered by Wells Fargo Advisors, portfolio
services can be provided via a Customized Portfolio Program (separately managed account),
personalized Unified Managed Account Program, Private Advisor Network or the FundSource
Program.
Cushing Capital continues to provide services relative to the discretionary or non-discretionary
selection of the Independent Managers. On an ongoing basis, Cushing Capital monitors the
performance of those accounts
being managed by Independent Managers. Cushing Capital seeks to
ensure the Independent Managers' strategies and target allocations remain aligned with clients'
investment objectives and overall best interests.
Financial Planning and Consulting Services
Cushing Capital offers different levels of financial planning and consulting services to help our
clients identify, prioritize and work towards their goals and objectives. Our consulting services give
our clients the ability to receive a broad range of financial advice and services, including specific
security recommendations, for the duration of the advisory agreement.
Our process starts with an extensive review of a client's family situation, which includes assets and
liabilities as well as estate, tax, and insurance needs. We then employ a risk tolerance and risk
capacity-focused simulation to get a detailed cash flow analysis and proposed asset allocation.
Together, this information is analyzed to develop a proposed financial plan, which is designed to be
dynamic in nature, ever-evolving due to life changes, along with changes in cash flow needs, risk
tolerance, time horizon, or investment objectives.
Cushing Capital’s financial planning and consulting services may include any of the following
topics:
• Cash Flow Analysis
• Financial Record Organizing
• Estate Planning
• Charitable Giving
• Education Planning
• Business Planning
• Concentrated Stock
• Federal Benefits & Health Care
• Death & Disability
• Divorce Planning
• Liability Management
• Investment Consulting
• Tax Planning
• Insurance Review
• Family Governance
• Retirement Plan Consulting and
Employee Benefits Analysis
While each of these services is available on a stand-alone basis, certain services may also be
rendered in conjunction with investment portfolio management services as part of a comprehensive
wealth management engagement. In performing these services, Cushing Capital is not required to
verify any information received from the client or from the client's other professionals (e.g.,
attorneys, accountants, etc.), and is expressly authorized to rely on such information. Cushing
Capital may recommend clients engage the firm for additional related services, or we may
recommend other professionals to implement our recommendations. These additional services by
Cushing Capital or another professional are provided at an additional cost to you, which is based on
the nature, extent, complexity, and other characteristics of the services. This creates a conflict of
interest because we will have an incentive to recommend additional services based on the
compensation to be received, rather than solely based on your needs, and in some cases, based on
the prospect of cross-referrals of advisory clients from the other professional or his or her firm.
Implementation of financial planning recommendations is entirely at your discretion. You have
complete freedom in selecting a financial adviser to assist you with implementing the
recommendations made in your financial plan and are under no obligation to act on the advice of
Cushing Capital. Financial planning recommendations are of a generic nature and are not limited to
any specific product or service offered by a broker dealer or insurance company. Should you choose
to implement the recommendations contained in the plan, Cushing Capital suggests you work
closely with your attorney, accountant and/or insurance agent.
Cushing Capital will act solely in our capacity as a registered investment adviser and does not
provide any legal, accounting or tax advice. You should seek the counsel of a qualified accountant
and/or attorney when necessary. As part of our advisory services, we may assist clients with tax loss
harvesting and will work with the client’s tax specialist to answer any questions related to the client’s
portfolio.
Fiduciary and Non-Fiduciary Services for Plan Sponsors
Retirement plan sponsors may retain our firm to provide advisory and consulting services for plan
assets. Fiduciary services available to plan sponsors include:
• Reviewing and assisting in the establishment of investment policies and objectives on behalf
of the plan.
• Assistance with development of an Investment Policy Statement.
• Recommending core investments to be offered to plan participants for selection by the plan
sponsor.
• Recommending investment managers, within the meaning of ERISA Section 3(38), on
behalf of the plan, to be offered as investment options for plan participants.
• Monitoring of the plan’s investments or investment managers in accordance with the plan’s
Investment Policy Statement or other relevant guidelines.
Non-fiduciary consulting services available to plan sponsors include:
• Educating plan participants on investment options available within the plan.
• Preparation of periodic performance reports for the plan’s investments.
• Assistance with monitoring the reasonableness of the fees and expenses of the plan’s
investments or investment managers in accordance with the plan’s Investment Policy
Statement or other relevant guidelines.
• Benchmarking existing plan service providers to industry peers, and where appropriate,
conducting a search for new providers for the plan sponsor’s consideration and providing our
recommendation.
Portfolio Management Services for Wrap Fee Program
Cushing Capital offers portfolio management services through a wrap fee program. A bundled or
“wrap fee” program is an advisory fee program under which you pay one bundled fee to compensate
Cushing Capital for portfolio management and trade execution. A wrap fee program may not be the
lowest cost option if you would like to restrict your investments to open-end mutual funds or other
long-term investment products.
Amount of Assets We Manage
As of December 2022, Cushing Capital manages approximately $162,299,214 on a discretionary
basis and $24,507,284 on a non-discretionary basis. Discretionary assets under management are
those for which we have an ongoing responsibility to select and make securities recommendations
that are in line with your financial needs and objectives and then effect those securities transactions
without first consulting you. Non-discretionary assets under management are those for which we
have an ongoing responsibility to select and make securities recommendations that are in line with
your financial needs and objectives and then effect those securities transactions only after consulting
with you to inform you of the transaction(s) and obtaining your approval to move forward.