Cornerstone Financial Planning, LLC
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Learn more about Cornerstone Financial Planning, LLC
Cornerstone Financial Planning, LLC is an advisory company located in Portsmouth, New Hampshire. The company controls $254.2 million in assets throughout 902 accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The firm has a small group, including 6 financial advisors. Cornerstone Financial Planning, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets like bonds, options and stocks.
Cornerstone Financial Planning, LLC administers more than half of its accounts on a discretionary basis. Discretionary management means that transaction decisions are made by an investment advisor without requiring client authorization. The firm also has 38 non-discretionary accounts with a total of $5.2 million in AUM. The advisory firm supervises about $281,820 for every customer account. An average advisor at Cornerstone Financial Planning, LLC administers about 150 client accounts.
The firm's central office is located at 210 Commerce Way, Portsmouth, New Hampshire 3801. The firm is allowed to serve clients across a number of states, including Florida, Maine, Massachusetts, New Hampshire and Texas.
Assets Under Management
Number of Advisors
Cornerstone Financial Planning, LLC by the Numbers
Products and Services
Cornerstone Financial Planning, LLC offers a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the past fiscal year, Cornerstone Financial Planning, LLC provided 101-250 of its customers with financial planning services. The company does not sell products or offer services aside from investment advisory services to its investment advisory customers.
Core Advisor Services
Offered by 31% 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 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees charged by financial advisors are based on which services are offered. However, fees charged by the firm likely consist of any blend of the following fee types: asset-based, hourly or fixed. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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 21% of firms
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 32% of firms
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.
Find one of the 1% of firms that offer this fee type
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 26% of firms that offer this fee type
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 0% of firms that offer this fee type
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 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company caters to retail investors and high net worth investors. Out of its 902 accounts, Cornerstone Financial Planning, LLC's largest client type by number of accounts is high net worth investors, though it also caters to 111 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.
- High-Net-Worth Individuals* - 51.15%
- Other Individuals - 48.85%
- 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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Cornerstone Financial Planning, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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