Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Cornerstone Advisors Asset Management, LLC Overview
Cornerstone Advisors Asset Management, LLC is a fee-based registered investment advisory firm that has been providing investment advice since 2006. The firm is headquartered in Bethlehem, PA and only offers investment advice. Cornerstone Advisors Asset Management, LLC provides a range of investment services for both individuals and small businesses. These services include financial planning, as well as portfolio management for both individuals and small businesses. The firm also offers portfolio management services for businesses or institutional clients. In addition, the firm provides pension consulting services to help clients make informed decisions about managing their retirement plans. As a registered investment advisory firm, Cornerstone Advisors Asset Management, LLC is dedicated to delivering personalized investment strategies and solutions that meet its clients' unique financial needs. The firm offers a selection of other advisors to ensure that clients receive the best possible investment advice and services.
Cornerstone Advisors Asset Management, LLC is a reputable and well-established firm that serves a diverse range of clients. Among those that they cater to are individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporation types not listed. Regardless of the client's size or type, Cornerstone Advisors Asset Management, LLC provides personalized investment advisory services that meet their unique needs and goals. With their in-depth knowledge and expertise in financial management, Cornerstone Advisors Asset Management, LLC offers tailored solutions to help clients achieve their long-term financial objectives. To ensure that clients receive value for their investment, Cornerstone Advisors Asset Management, LLC provides fee structures that are based on the services provided. Clients have the option to choose between percentage of AUM or fixed fees, depending on their specific needs. The percentage of AUM fee structure is based on the assets under management (AUM) that the firm manages on the client's behalf. This fee is calculated as a percentage of the client's AUM value and can vary depending on the type of investment. On the other hand, fixed fees are a one-time charge paid by the client for a specific service, regardless of the AUM value. These fees are typically charged for consultation services, financial planning services, or other specialized advice. With these flexible payment options, clients can choose the best fee structure that suits their investment strategy and budget. Overall, Cornerstone Advisors Asset Management, LLC offers a transparent fee structure that ensures clients receive first-rate investment management services.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Cornerstone Advisors Asset Management, LLC does not mention an investment minimum.
How This Office Can Help Bethlehem, PA Residents
Cornerstone Advisors Asset Management, LLC helps clients in Bethlehem, PA by providing personalized financial planning and investment management services. They take a collaborative approach with their clients to understand their unique needs, goals, and financial situations. Whether it's planning for retirement, managing investments, or budgeting for daily expenses, Cornerstone Advisors Asset Management, LLC develops a customized plan to fit each client's specific needs. As a resident of Bethlehem, PA, someone may face various financial situations such as paying off student loans, saving for a down payment on a house, or planning for retirement. With the help of Cornerstone Advisors Asset Management, LLC, clients can manage their finances in a way that helps them achieve their goals. For example, they can help clients create a budget that allows them to save for both short-term and long-term goals. Additionally, they can assist clients in developing an investment portfolio that aligns with their specific risk tolerance and retirement goals. By working with Cornerstone Advisors Asset Management, LLC, individuals in Bethlehem, PA can feel confident in their financial future.
Services Offered by Cornerstone Advisors Asset Management, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Cornerstone Advisors Asset Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Cornerstone Advisors Asset Management, LLC is registered to service clients in the following states:
- California
- District of Columbia
- Florida
- Maryland
- Massachusetts
- Nebraska
- New Hampshire
- New Jersey
- New York
- North Carolina
- Ohio
- Pennsylvania
- Texas
- Virginia
Disciplinary History
Cornerstone Advisors Asset Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.