We share your mission to help your retirement plan participants achieve their financial goals. It’s why we make a fiduciary promise to every client: we will act in your best interests, no matter what.
We believe that starts by implementing a fiduciary-based service model that focuses on helping plan sponsors and participants make smart, informed decisions to enhance participant outcomes with the upmost transparency.
We provide ongoing support
Typically when employees enroll in a 401(k) plan, they’re overwhelmed by long, unstructured lists of fund choices and investment alternatives. Engaging Cornerstone Wealth Advisors means working with a retirement plan partner focused on providing participants with clear, appropriately diversified, professionally managed portfolios, and most importantly, personalized, one-on-one advice from a fiduciary advisor.
This approach helps demystify the complications of retirement planning, making it easier for your employees to make smarter decisions about their futures.
We focus our efforts in areas that can make the most impact to increase participation levels as well as savings rates. This benefits both your plan overall and enhances the experience for your employees.
We provide all of the support you need to educate your employees on the value of your 401(k) plan as part of our core service to you. This includes group and individual meetings, investment guidance and more.
Responsibility is on us
As a plan sponsor, you are a fiduciary to your plan participants. This means that legally you are held to the same standard of being an investment professional and that you are liable to ensure that you follow a prudent process when selecting and monitoring the investment options in your plan. However, the Employee Retirement Income Security Act of 1974 (ERISA) allows you to put your hands up and claim that you are not an investment professional and then delegate that responsibility to an independent investment advisory firm. Most plan sponsors are unaware of this option and unfortunately most service providers are not willing to serve in this fiduciary capacity.
When you hire Cornerstone Wealth Advisors, we transfer that liability away from you and welcome with open arms the role of serving as a fiduciary and doing everything in your participants’ best interests.
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 Alerus Retirement Solutions, Newport Group, DFA Retirement Plan Solutions, and Charles Schwab. The BAM Retirement Solutions team braings a collective 50+ years of industry experience to your side and has a national presence, working with approximately 150 independent wealth management firms, serving approximately 830 plans and managing $2.4 billion in assets as of June 30, 2017