Cornerstone Asset Management, LLC

Cornerstone Asset Management provides personalized investment management and comprehensive financial planning to individuals, trusts, estates, charitable organizations and small businesses, including retirement planning, tax planning, education funding, cash‑flow management and insurance review. The firm identifies financial objectives and documents client situations in written evaluations and investment policy statements, and describes itself as fee‑only while billing on a percentage‑of‑assets basis and not accepting commissions or finder’s fees.

Portfolios are managed using a strategic asset allocation with a core‑and‑satellite approach—passively managed index and exchange‑traded funds typically form the core while selectively adding actively managed funds—and are described as globally diversified to control market risk. The firm generally manages accounts on a discretionary basis under limited trading authorization, prepares written investment policy statements with client input, and recommends qualified custodians such as Schwab Institutional for execution and custody.

The brochure discloses a modest scale of operations (about $4.6 million in assets for nine clients as of December 31, 2024), which the firm indicates supports frequent, individualized reviews and life‑planning support in addition to portfolio management. Notable disclosures that differ from many peers include a stated practice of not voting client proxies (clients are expected to vote their own proxies), occasional custody situations that trigger an independent annual surprise audit, and the principal’s outside employment as a benefits specialist.