Cornerstone Wealth Management
Assets Under Management
$518.4M
Number of Clients
434
Number of Advisors
5
Average Client AUM
$1.2M
AUM per Advisor
$103.7M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Cornerstone Wealth Management offers investment management services, constructing portfolios with stocks, mutual funds, ETFs, and debt securities. They also provide financial planning services, addressing areas like personal finance, tax, investments, insurance, retirement, death & disability, and education. They may recommend independent managers and use a third-party platform for held-away assets.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $1.5M | 0.75% |
| $1.5M+ | 0.50% |
Fees are subject to negotiation.
Fee Estimator
Investment management fees are based on a percentage of assets under management: 1% on the first $1,000,000, 0.75% on the next $500,000, and 0.5% on assets above that. Some accounts under $500,000 are charged $1,250 quarterly. There is also a $10 minimum quarterly fee per client account. Financial planning fees are either hourly at $300/hour (ranging from $1,500 to $15,000) or an annual retainer (ranging from $3,000 to $15,000), depending on complexity. All fees are subject to negotiation.
Areas of Practice
Location
27366 Center Ridge Road, Westlake, OH, 44145
