Cornerstone Advisors Asset Management, LLC
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Learn more about Cornerstone Advisors Asset Management, LLC
Overview
Cornerstone Advisors Asset Management, LLC is a financial advisory firm based in Bethlehem, Pennsylvania. It oversees $6.6 billion in assets under management across 1,646 client accounts, placing it among the largest firms in the United States by assets under management (AUM). The company has a small group, including 24 financial advisors. Cornerstone Advisors Asset Management, LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial assets such as stocks, options and bonds.
Cornerstone Advisors Asset Management, LLC manages most of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction choices for the client's account without needing to seek client consent. The firm also oversees 178 non-discretionary accounts totaling $3.3 billion in assets. The investment advisory firm's average account size is $4.0 million. The typical financial advisor at Cornerstone Advisors Asset Management, LLC oversees around 69 client accounts, making it about average in terms of personalization.
The company's central office is located at 74 West Broad Street, Suite 340, Bethlehem, Pennsylvania 18018. It is legally permitted to serve investors throughout 14 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cornerstone Advisors Asset Management, LLC by the Numbers
$6.6 billion
32
1,646
$4.0 million
Products and Services
Cornerstone Advisors Asset Management, LLC offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the prior fiscal year, the company provided financial planning services to 11-25 of its accounts. It does sell products or offer services aside from investment advisory services to its customers. The firm also has a number of financial industry affiliations, including with an insurance company or agency.
Core Advisor Services
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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.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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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
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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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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees usually depend on which services are offered. However, fees billed by Cornerstone Advisors Asset Management, LLC most likely include some blend of the following fee structures: asset-based or fixed. The company does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company manages money for a number of different clients. The company works with retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 1,646 customers, Cornerstone Advisors Asset Management, LLC's largest client type is retail investors, though it also manages money for 174 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 26.01%
- Other Individuals - 40.36%
- Corporations - 20.78%
- Charitable Organizations - 12.86%
* 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 Advisors Asset Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Cornerstone Advisors Asset Management, LLC
Bethlehem, PA
Bethlehem, PA
Bethlehem, PA
Bethlehem, PA
Bethlehem, PA
Bethlehem, PA
Bethlehem, PA
Bethlehem, PA
Bethlehem, PA
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