Cornerstone Wealth Strategies, Inc. is a large advisory firm based in Kennewick. It manages $413.58 million of regulatory assets for 1,682 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Hawaii, Idaho, Oregon, and 3 other states.
Cornerstone Wealth Strategies provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cornerstone Wealth Strategies, Inc. is $413.58 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cornerstone Wealth Strategies, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Matthew Henry Riesenweber is high net worth individuals with 130 clients and $222.22 million of assets under management. Among the 11 most similar advisory firms, Cornerstone Wealth Strategies has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $413.58 million for 697 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Cornerstone Wealth Strategies doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Matthew Henry Riesenweber has been acting as President since 1 Jul 2015. Beau James Ruff joined the executive team most recently as the Chief Compliance Officer.
The principal office where Cornerstone Wealth Strategies, Inc. performs its advisory services is located at 8905 W. Gage Blvd.,, Kennewick, WA 99336, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 509-396-0588 or by fax 888-474-6520. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at facebook.com/cswstrategies.