Cornerstone Wealth Advisors has forged partnerships with key financial service industry leaders that assist us in providing a world class experience and dynamic wealth solutions.
The BAM ALLIANCE®
Cornerstone Wealth Advisors is a proud member of the BAM ALLIANCE®, an active community of more than 140 independent wealth management firms (primarily CPA firm affiliated) throughout the United States. Every member of the BAM ALLIANCE shares our fiduciary pledge to act in their clients’ best interests and help investors and their families take control of their financial futures. Through the BAM ALLIANCE®, Cornerstone Wealth Advisors is given the opportunity to access institutional, no-load mutual funds, fixed income securities directly from wholesale brokers, and cost effective platforms for retirement plan servicing, custodial services and compliance assistance. BAM ALLIANCE® wealth management firms represent over $29 billion in collective assets as of June 30, 2017.
Dimensional Fund Advisors
Our evidence-based asset class investment approach is translated by DFA into an array of mutual funds, each of which is rigorously designed to capture a particular “dimension” or asset class within a globally diversified portfolio. DFA is our primary but not our exclusive source for implementing our recommended investment approach. Cornerstone Wealth Advisors receives no compensation from DFA for using its funds nor are we under any obligation to use them if they do not best meet your particular investment needs.
DFA Funds are only available to certain Registered Investment Advisory firms after a thorough screening, training and approval process. Cornerstone Wealth Advisors has met and continues to meet those high standards.
Bridgeway’s philosophy is simple: put investors first – and improve the world while doing it. Their investment process is statistically driven and evidence-based, built around the fiduciary promise to act in their clients’ best interest. That means keeping investment costs low while providing expertly designed investments options to our clients. Of course, it goes deeper than that: Bridgeway donates 50% of its profits to nonprofit organizations every year.
Charles Schwab Institutional / Fidelity Investments / TD Ameritrade
While Cornerstone Wealth Advisors provides wealth strategy and investment advice, we do not have direct access to your account assets. As a client, you choose Fidelity Investments, Charles Schwab Institutional or TD Ameritrade as custodian of your accounts. With your permission, Cornerstone Wealth Advisors receives Limited Power of Attorney to submit trade requests on your behalf and provide you with regular reports that summarize your portfolio’s performance.
However, you remain in total control of your assets by having them held in accounts in your name. Each of our custodians provides us with the platform, products, programs and resources to serve our clients.
BAM Retirement Solutions
BAM Retirement Solutions is a service program of the BAM ALLIANCE® that assists us in delivering high-service, low-cost retirement plan advisory services guided by our prudent investment philosophy. Through BAM Retirement Solutions, we have access to dozens of retirement plan recordkeepers from around the country. These recordkeepers perform the critical administrative tasks of investment elections, contributions and reporting. Some of our recordkeepers include, Alliance Benefit Group, First Mercantile, Ascensus and others.