Cornerstone Retirement Group, Inc. (Reno)

Name: Cornerstone Retirement Group, Inc.
Address: 9628 Prototype Court, Reno, NV, 89521
Telephone: 775-853-9033

Cornerstone Retirement Group, Inc. is a large advisory firm based in Reno. It manages $217.49 million of regulatory assets for 993 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Louisiana, Nevada, and Texas.

Cornerstone Retirement Group provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornerstone Retirement Group: assets under management

The assets under management (AUM) of Cornerstone Retirement Group, Inc. is $217.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 92% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $217.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $219.02 thousand each.

Cornerstone Retirement Group has custody of $5.5 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cornerstone Retirement Group, Inc. for their services and products based on a percentage of assets under management. 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.

What kind of clients Cornerstone Retirement Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cornerstone Retirement Group is individuals with 442 clients and $140.99 million of assets under management. Among the 10 most similar advisory firms, Cornerstone Retirement Group has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $217.49 million for 487 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 Retirement Group doesn't advise any private funds.

Careers at Cornerstone Retirement Group, Inc.

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 5 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Trinidad John Guillen has served as the Chief Investment Officer since 1 Aug 2014. Lesley Anne Johnson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Kendall Abts	President & chief compliance officer	1 Jun 2011	75% - 100%	5245824
Trinidad John Guillen	Chief investment officer	1 Aug 2014	Other	2437089
Lesley Anne Johnson	Chief compliance officer	1 Nov 2018	Other	6604754

Based in Reno

The principal office where Cornerstone Retirement Group, Inc. performs its advisory services is located at 9628 Prototype Court, Reno, NV 89521, 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 775-853-9033 or by fax 775-853-9088. The normal business hours are 8 am - 5 pm & 8 am - 3 pm on Other. You can find more information about the New York firm at cornerstoneretirement.com and its LinkedIn profile.