Cornerstone Investment Services
Assets Under Management
$52.9M
Number of Clients
86
Number of Advisors
2
Average Client AUM
$615K
AUM per Advisor
$26.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Cornerstone Investment Services, LLC offers investment advisory services through a wrap fee program. The program includes management fees and transaction costs, but not fund expenses. Clients must sign up for Schwab's paperless service. Fees are negotiable and paid monthly in arrears.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 2.00% |
| $500K - $750K | 1.95% |
| $750K - $1000K | 1.70% |
| $1.0M - $2.0M | 1.60% |
| $2.0M - $3.0M | 1.50% |
| $3.0M - $5.0M | 1.40% |
| $5M+ | 1.35% |
Investment Advisor Supervisory Fees are negotiable.
Fee Estimator
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
Location
245 Waterman Street, Suite 301, Providence, RI, 02906