Cornerstone Wealth

RIASEC Registered
Total AUM
$2.5B
Discretionary
$2.5B
100% of AUM
Avg account
$1.1M
Accounts
2,274
Employees
50
Advisory reps
31

Firm details

Headquarters
Huntersville, North Carolina
CRD number
289971
Registered since
December 22, 2017
Custodians
FIDELITY DISTRIBUTORS COMPANY LLC, CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Fixed Fees, Other
Client types
  • HNWI58.45%
  • Individuals39.75%
  • Other1.1%
  • Corporations / Businesses0.7%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Cornerstone Wealth is an independent registered investment adviser organized as an LLC. The firm is SEC-registered (registration recorded in 2017) and positions itself as a capital allocator for both high-net-worth individuals and institutional clients. Its advisory services include financial planning, portfolio management for individuals, small businesses and institutions, selection of other advisers, and pension consulting. Cornerstone Wealth also engages in other financial product sales. Fee arrangements range across percentage-of-AUM, fixed fees, and other structures. The firm maintains a broad set of industry relationships and roles: it lists affiliations with broker-dealers, other investment advisers, commodity pool operators/commodity trading advisers (CPO/CTA), futures commission merchants, accounting and law firms, insurance companies, pension consultants, real estate brokers, and sponsors/GPs of pooled investment vehicles. That mix reflects a business model that combines discretionary portfolio management with the ability to source or sponsor externally managed investments.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 47%, Exchange Traded Equities 39%, Cash & Cash Equivalents 5%, Other 3%, State & Local Bonds 2%, Investment Grade Corp Bonds 2%, US Government Bonds 1%, Private Funds 1%47%
  • Public Funds/Mutual Funds47%
  • Exchange Traded Equities39%
  • Cash & Cash Equivalents5%
  • Other3%
  • State & Local Bonds2%

Owners & executives

FINTRX

Contacts

FINTRX

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 172

Active vs passive

$858M in ETFs

Passive

70%

$597M

Active

18%

$261M

ETFProviderStyleCategoryValueShares% of portfolio
SPDR S&P 500 ETF TRUST (SPY)State StreetPassiveLarge Blend$95.1M124,67111.08%

Location

Primary office

Huntersville, NC

Mecklenburg

Location

Huntersville, NC

Headquartered in Huntersville, NC, anchoring the Charlotte-Concord, NC-SC metro in the South.

Metro area
Charlotte-Concord, NC-SC
Region
South
County
Mecklenburg
Address
16810 Kenton Dr
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth