Cornerstone Registered Investment Advisors

CRD#285308
Investment Advisor Firm

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Overview

Cornerstone Registered Investment Advisors operates as a financial advisor company that has its headquarters in Scottsdale, Arizona. The company oversees $250.0 thousand in total assets throughout one client account. The company has a small team of two employees, all of whom are financial advisors. Cornerstone Registered Investment Advisors does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as stocks, bonds and options.

Cornerstone Registered Investment Advisors administers all of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without requiring the customer's consent. The company's average account size is $250,000. Under $100,000 of its financial planning investments were in securities, with under $100,000 invested in non-securities. The typical advisor at Cornerstone Registered Investment Advisors administers fewer than one client account, making it one of the most personalized firms in the country.

Cornerstone Registered Investment Advisors's central office is located at 6991 E Camelback Rd Suite D300, Scottsdale, Arizona 85251. The company is legally permitted to serve clients throughout a number of states, including Arkansas, Arizona and Ohio.

Assets Under Management

$250.0 thousand

Number of Advisors

2

Disclosures

No

Office Location

6991 E Camelback Rd Suite D300
Scottsdale, AZ 85251

Cornerstone Registered Investment Advisors by the Numbers

Total Assets Under Management

$250.0 thousand

National Average: $3.3 billion
Total Number of Employees

2

National Average: 31
Total Number of Accounts

1

National Average: 1,935
Average Account Size

$250.0 thousand

National Average: $1.7 million

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Products and Services

Cornerstone Registered Investment Advisors offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the past financial year, the firm provided 1-10 of its customers with financial planning services. The company is not involved in selling products or offering services apart from investment advisory services to its investment advisory clients.

Core Advisor Services

  • Offered by 44% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees typically depend on which services are provided. Fee types billed by the company most likely are comprised of any blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm. It can withdraw the fees directly from customer accounts.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 39% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company works with retail investors. Cornerstone Registered Investment Advisors's largest client group by number of accounts is retail investors. None of the company's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Cornerstone Registered Investment Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Cornerstone Registered Investment Advisors

Susan Burnett
Loveland, OH
Horace Cozart
Benton, AR

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This content was compiled from the SEC and FINRA