Cornerstone Financial Planning, LLC (Newington)

Name: Cornerstone Financial Planning, LLC
Address: 70 Old Post Road, Newington, NH, 03801
Telephone: 603-431-1133

Cornerstone Financial Planning, LLC is a large advisory firm based in Newington. It manages $165.48 million of regulatory assets for 651 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Connecticut, Maine, Massachusetts, and New Hampshire.

Cornerstone Financial Planning provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, 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.

Cornerstone Financial Planning: assets under management

The assets under management (AUM) of Cornerstone Financial Planning, LLC is $165.48 million. The firm's AUM has grown by 162% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $153.44 million in discretionary accounts and $12.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $264.55 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $169.61 thousand.

Cornerstone Financial Planning has custody of $47.31 million in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornerstone Financial Planning, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cornerstone Financial Planning serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cornerstone Financial Planning is high net worth individuals with 85 clients and $131.41 million of assets under management. Among the 9 most similar advisory firms, Cornerstone Financial Planning has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $165.48 million for 162 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 Financial Planning doesn't advise any private funds.

Careers at Cornerstone Financial Planning, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jill Bangser Boynton	Member/principal	1 Oct 2003	50% - 75%	1260104
Jill B Boynton	Member/principal	1 Oct 2003	50% - 75%	1260104
Susan Jellis Veligor	Member/principal	1 Feb 2004	50% - 75%	2504046
Jill Bangser Boynton	Chief compliance officer	1 Oct 2006	50% - 75%	1260104
Jill B Boynton	Chief compliance officer	1 Oct 2006	50% - 75%	1260104

Based in Newington

The principal office where Cornerstone Financial Planning, LLC performs its advisory services is located at 70 Old Post Road, Newington, NH 03801, which is also the mailing address of the firm. An additional office of the firm is in Portland, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-431-1133 or by fax 603-431-1139. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at cornerstoneplanning.com.