Cornerstone Acquisition & Management Company LLC is a mid-sized advisory firm based in Rancho Santa Fe. It manages $68.52 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California and Washington.
Cornerstone Acquisition & Management Company provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cornerstone Acquisition & Management Company LLC is $68.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and $15.77 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Cornerstone Acquisition & Management Company LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Cornerstone Acquisition & Management Company is pooled investment vehicles with 2 clients and $68.52 million of assets under management. Among the 5 most similar advisory firms, Cornerstone Acquisition & Management Company has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $68.52 million for 2 clients. None of the firm’s clients are foreign persons or businesses.
Cornerstone Acquisition & Management Company also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.
Grace Mary Brescia joined the executive team most recently as the Compliance Officer, Elected Manager.
The principal office where Cornerstone Acquisition & Management Company LLC performs its advisory services is located at 16236 San Dieguito Road, Rancho Santa Fe, CA 92067 The mailing address of the firm is P.O. Box 8049, Rancho Santa Fe, CA 92067. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 858-779-5800 or by fax 858-759-5351. The normal business hours are 8:30am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at cornerstoneamc.com.