Advisory accounts have a $25,000 minimum for non-qualified and a $5,000 minimum for qualified. Brokerage accounts, we have no minimum account size at Cornerstone Financial Consultants.
Cornerstone Financial has a “fee-based” managed asset platform and a brokerage platform. The majority of our clients engage with us through the managed platform. On the managed platform, we charge an asset-based fee and have discretion over the accounts. There are no commissions on trades on the platform. Clients/potential clients discuss the flat fee with the advisor, based on account size. Fees are paid quarterly based on the value of the account on the last trading day of the quarter.
A small number of clients will engage us through our brokerage platform. Those clients do not pay an asset-based fee, they pay a commission on a sell or purchase.
No, we do not currently offer these services. We do work very closely coordinating our clients' affairs with all of their professional services team members.
Yes, you can log onto our website or through Cambridge’s website.
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