1811 Concord Avenue
Kornerstone, Inc. is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Kornerstone, Inc. and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Kornerstone, Inc. unless a client service agreement is in place.
Kornerstone, Inc. provides links for your convenience to websites produced by other providers or industry related material. Accessing websites through links directs you away from our website. Kornerstone, Inc. is not responsible for errors or omissions in the material on third party websites, and does not necessarily approve of or endorse the information provided. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites.
General Notice to Users: While we appreciate your comments and feedback, please be aware that any form of testimony from current or past clients about their experience with our firm on our website or social media platforms is strictly forbidden under current securities laws.
IntroductionOur firm, Kornerstone Inc., is an investment adviser registered with the Securities and Exchange Commission. We feel that it is important for you to understand how advisory and brokerage services and fees differ in order to determine which type of account is right for you. There are free and simple tools available to research firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about investment advisers, broker-dealers, and investing.
What investment services and advice can you provide me?We are a registered investment adviser that offers investment advisory services, including Pension/Retirement Plan Consulting and Wrap Asset Management to clients. If you open an advisory account with our firm, we’ll meet with you to understand your current financial situation, existing resources, objectives, and risk tolerance. Based on what we learn, we’ll recommend a portfolio of investments that is monitored at least annually, and if necessary, rebalanced to meet your changing needs and goals. We’ll offer you advice on a regular basis and contact you at least annually to discuss your portfolio.
We manage accounts on a discretionary basis. After you sign an agreement with our firm, we’re allowed to buy and sell investments in your account without asking you in advance. Any limitations will be described in the signed advisory agreement. We will have discretion until the advisory agreement is terminated by you or our firm.
We do not restrict our advice to limited types of products or investments.
Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging us.
Additional information about our advisory services is located in Item 4 of our Firm Brochure and Item 4 of our Wrap Brochure.
What fees will I pay?You will be charged an ongoing quarterly fee based on the value of the assets in your account. Our maximum Wrap Asset Management annual fee is 0.85%. Our maximum Pension/Retirement Plan Consulting fee is 0.85%. The more assets you have in your advisory account, the more you will pay us. We therefore have an incentive to increase the assets in your advisory account in order to increase our fees. Our fees vary and are negotiable. The amount you pay will depend, for example, on the services you receive and the amount of assets in your account. Our firm’s fees will be automatically deducted from your advisory account, which will reduce the value of your advisory account. In rare cases, we will agree to send you invoices rather than automatically deduct our firm’s fees from your advisory account.
The broker-dealer that holds your assets charges you a transaction fee when we buy or sell an investment for you. The broker-dealer’s transaction fees are in addition to our firm’s fees for our Asset Management service. We pay the broker-dealer’s transaction fees charged to you for our Wrap Asset Management service. The fees for wrap fee programs are therefore higher than a typical asset-based advisory fee.
You may also pay charges imposed by the broker-dealer holding your accounts for certain investments and maintaining your account. Some investments, such as mutual funds, index funds, exchange traded funds, and variable annuities, charge additional fees that will reduce the value of your investments over time.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
Additional information about our fees is in Item 5 of our Firm Brochure and Item 4 of our Wrap Brochure.
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice, we provide you. Here are some examples to help you understand what this means:
Representative of Kornerstone are also licensed insurance professionals. The implementation of insurance recommendations is performed by the advisory person in their separate capacity from the Adviser. Commissions generated by insurance sales do not offset regular advisory fees. The receipt of insurance commissions presents a conflict of interest between the Client and the Adviser (and its Advisory Persons) as the sale or implementation of insurance recommendations will result in commissions payable to the applicable Advisory Person. Clients are under no obligation to implement any recommendations made by the Adviser or its advisory persons.
Additional information about our conflicts of interest is in Item 10 of our Firm Brochure and Item 9 of our Wrap Brochure.
How do your financial professionals make money?Our financial professionals are compensated based on the revenue our firm earns from their advisory services or recommendations and the amount of client assets they service.
Do you or your financial professionals have legal or disciplinary history?Kornerstone, Inc., nor any advisors of Kornerstone, Inc. have had any disciplinary or legal history. One advisor of the firm is required to disclose a “compromise with a creditor” on her FINRA registration resulting from a compromise of a utility bill while attending college. The compromise occurred by her roommate after she had moved out but her name was still on the utility account.
Additional InformationYou can find additional information about our firm’s investment advisory services on the SEC’s website at www.adviserinfo.sec.gov by searching CRD #170687. You may also contact our firm at (855) 343-4015 to request a copy of this relationship summary and other up-to-date information.
Questions to Ask Us:• Given my financial situation, should I choose an investment advisory service? Why or why not?• How will you choose investments to recommend to me?• What is your relevant experience, including your licenses, education and other qualifications? What do those qualifications mean?• Help me understand how these fees and costs may affect my investments. If I give you $10,000 to invest, how much will go to fees and costs and how much will be invested for me?• How might your conflicts of interest affect me, and how will you address them?• As a financial professional, do you have any disciplinary history?• For what type of conduct?• Who is my primary contact person?• Is he or she a representative of an investment adviser or a broker-dealer?• Who can I talk to if I have concerns about how this person is treating me?