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Cushing MLP Asset Management, LP (Dallas)


Cushing MLP Asset Management, LP is a large advisory firm based in Dallas. It manages $3.51 billion of regulatory assets for 67 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Texas.

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Cushing MLP Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cushing MLP Asset Management: assets under management

The assets under management (AUM) of Cushing MLP Asset Management, LP is $3.51 billion. The firm's AUM has grown by 320% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $3.5 billion in discretionary accounts and $9.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $87.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $359.7 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cushing MLP Asset Management, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Jerry Vane Swank Managing member 1 May 2002 75% - 100% 710393

Based in Dallas

The principal office where Cushing MLP Asset Management, LP performs its advisory services is located at 8117 Preston Road, Dallas, TX 75225, 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 214-692-6334 or by fax 214-219-2353. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at www.swankcapital.com.


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