CORNERSTONE PROFESSIONAL ADVISOR SERVICES, LLC

RIASEC RegisteredEst. 2002

Total AUM

$110M

Discretionary

$99.4M

90% of AUM

Avg account

$242K

Accounts

456

Employees

Advisory reps

Firm details

Headquarters: GARDEN CITY, New York
CRD number: 115122
Registered since: July 26, 2002
Website: www.cpasllc.com
Custodians: SEI INVESTMENTS DISTRIBUTION CO.
Fee structure: Percentage of AUM, Other
Client types: HNWI46.2%
Individuals43.96%
Pension & Profit Sharing Plans9.84%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsSelection of Other Advisers

Firm profile

FINTRX

Overview

Cornerstone Professional Advisor Services, LLC is an independent, SEC-registered registered investment adviser formed as an LLC in 2002 and owned by an individual. The firm operates as a capital allocator that serves both individual/family and institutional clients, providing financial planning, portfolio management for individuals, small businesses and institutions, and the selection of other advisers. It also conducts insurance brokerage activity and lists an accounting affiliation. Fees are charged on a percentage-of-AUM basis (with additional fee arrangements noted). Cornerstone is not identified as an active ESG investor in its filings. The firm’s model combines direct portfolio management with access to outside managers and pooled products, reflecting a mix of discretionary management and advisory/selection services for third-party strategies.