Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
2 advisors
Number of Clients
86 clients
Average Client Portfolio
$615K average
Assets Under Management
$52.9M

Fee Structure

Minimum Investment:$100K
Financial Planning:Investment management only
AUM-Based Fees (Tiered)
Assets Under ManagementAnnual Fee
Up to $500K2.00%
$500K - $750K1.95%
$750K - $1000K1.70%
$1.0M - $2.0M1.60%
$2.0M - $3.0M1.50%
$3.0M - $5.0M1.40%
$5M+1.35%

Investment Advisor Supervisory Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee

Cornerstone Investment Services offers a wrap fee program where clients pay one fee covering management and transaction costs. The fee is based on the portfolio's total assets, ranging from 2.00% on the first $500,000 down to 1.35% for amounts over $5,000,000. These fees are negotiable. There is a minimum account size of $100,000. Clients are responsible for other account fees, such as fund expenses and wire transfer fees.

Areas of Practice
Investment ManagementHigh Net WorthRetirement Planning
Loading...

Advisor Information

Office location

245 Waterman Street, Suite 301, Providence, RI, 02906

Get directions
Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Financial
December 2015
Final
Other Business Activities

Michael is an advisory representative for Cornerstone, a registered investment advisor. This activity is investment-related.

Employment History
Current Registrations
Cornerstone Investment Services
May 2009 - Present · 16 yrs 8 mos
Previous Registrations
Vestech Securities, INC.Broker
June 2019 - October 2020 · 1 yr 4 mos
Cornerstone Investment Services
October 2008 - May 2009 · 7 mos
Cantella & Co., INC.Broker
June 2008 - June 2019 · 11 yrs
Dean Witter Reynolds INC.Broker
February 1986 - August 1988 · 2 yrs 6 mos
State Registrations4 states
FLMAMERI
Advisor
Exams
No exam information available for this advisor.