Cornerstone Financial Group (CFG) of Omaha, Nebraska, specializes in asset management and financial planning services for individuals. The firm's financial advisors also provide fiduciary retirement account services to corporate plan sponsors. It currently has nearly $60 million in assets under management (AUM).
It’s registered with state securities authorities in Nebraska and Iowa only.
Cornerstone Financial Group Background
CFG has been offering investment management services since 1996. It was last registered with the Securities and Exchange Commission (SEC) in 2012. As noted above, it is currently registered as an investment advisor only in Nebraska and Iowa.
The firm is owned by David Hoppen and Spencer Schwarting.
What Types of Clients Does Cornerstone Financial Group Accept?
CFG serves the following types of clients:
- High-Net-Worth Individuals
- Pension and profit sharing plans
- Trusts, estates and charitable organizations
- Corporations and other business entities
Cornerstone Financial Group Minimum Account Size
CFG doesn’t require any minimum account sizes for its investment advisory services.
Services Offered by Cornerstone Financial Group
CFG creates, monitors and rebalances investment portfolios on behalf of its clients. It also provides individual financial planning services, which can involve the following topics:
- Tax planning
- Retirement planning
- Asset allocation modeling
- Estate planning
In addition, the firm can provide fiduciary advisory services to plan sponsors of corporate retirement plans such as 401(k)s. The firm can assist with investment menu selection and monitoring, due diligence review and participant education.
Cornerstone Financial Group Investment Philosophy
CFG engages in specific investing strategies that it finds suitable to the client’s risk tolerance, financial goals and other variables. The firm generally recommends investing in mutual funds and exchange-traded funds (ETFs), but may turn to other securities if it deems them appropriate.
When evaluating securities, the firm may engage in various research strategies including fundamental analysis. This strategy involves studying everything that may affect a security’s value from overall economic and industry conditions to the financial health of a company and its management structure.
Fees Under Cornerstone Financial Group
CFG charges hourly or fixed fees for financial planning services. Hourly fees usually extend up to $500. Fixed fees refer to written plans and can range from $500 to $9,000, depending on the complexity of the plan. The firm requires one half of the fee to be paid upfront and the remainder to be paid after plan delivery.
What to Watch Out For Cornerstone Financial Group
As noted earlier, the firm is no longer registered with the SEC. Instead, its advisors can work only with clients in states where it is registered, which is Nebraska and Iowa.
CFG had no disclosures to report in its last SEC filings dated June 2019. Though the firm is no longer registered with the SEC, its state filings still go through the SEC.
Opening an Account With Cornerstone Financial Group
To contact CFG, call (402) 758-0700. It currently has no website.
Where Is Cornerstone Financial Group Located?
The firm is located at 11225 Davenport Street, Suite 102, Omaha, Nebraska 68154.
All information was accurate as of the writing of this article.
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