Our Clients' Best Interests Come First at Cornerstone
Cornerstone Wealth Management acts in your best interest. We adhere to the fiduciary standard because you deserve unbiased advice about your current financial situation.
INDEPENDENT & FEE-ONLY
Our firm is paid directly by our clients for our advice. We do not accept compensation from the commissions of a large broker-dealer or life insurance company.
At Cornerstone Wealth Management, we act as your fiduciary in all of the financial areas of your life. We are committed to thoroughly understanding our clients’ financial needs and circumstances to fulfill this duty and to best serve their interests.
The foundation of what is today Cornerstone Wealth Management began back in 1963 as a financial accounting and income tax practice in Westlake, Ohio. The firm served many individuals, business owners, and corporate clients.
Dave Gomersall was the founder and long-time president of Cornerstone Wealth Management. He was a successful business owner, fisherman, hunter, boater, avid traveler and entrepreneur with a lifelong quest for new experiences.
Who We Work With
INDIVIDUALS & FAMILIES
Our advisors assist individuals & families from all walks of life who are seeking unbiased advice and answers to their financial questions.
Running your business is a time-consuming, stressful job. Allow us to provide guidance with the other financial areas in your life.
Whatever your need -- a retirement plan or a specialized investment account -- we'll be there to assist your company.
Cornerstone Wealth Management acts as your family’s CFO and coordinates all of the moving parts of your financial life, working in partnership with your team of advisors & other experts that you trust in handling your various affairs. Our Wealth Management Services create a comprehensive approach to...
Cornerstone Wealth Management provides investment advisory services to individuals, businesses, trusts, and retirement plans. Client portfolios are constructed through the ongoing purchase and sale of individual stocks, mutual funds, exchange-traded funds, certificates of deposit, municipal and corp...
To get you on the road to your financial goals, having a plan in place is essential for all families, from all walks of life and no matter what you have accumulated so far. Cornerstone Wealth Management’s financial planning services help individuals identify the strengths and weaknesses of their cur...
Growing a business is a difficult undertaking today as business owners must confront a myriad of tax laws and regulations while trying to effectively create products or services, manage their employees, develop and cultivate clients, and do so profitably. Often times business owners are too absorbed...
Why should I consider using a Fee-Only, Registered Investment Advisor?
Fee-Only Registered Investment Advisors have a fiduciary responsibility to choose investments that are in your best interest.
Cornerstone Wealth Management is a Fee-Only Registered Investment Advisor. This means that neither the advisors nor the firm receive any commissions for the sale of any product based on the investment recommendations we make to you. We don’t accept compensation from any brokerage firm, mutual fund company, or insurance company. We’re only paid by you, through your standard asset management fee. This approach allows us to show our clients that we represent only them with no conflicts of interest.
Simply put, we believe that the greater an advisor’s dependence on commission income, the greater the conflict. In the end, that conflict can cost you both in out-of-pocket expenses and in the quality of advice you receive.
What is the Fiduciary Standard?
Registered Investment Advisors like Cornerstone Wealth Management are bound to a fiduciary standard that was established as part of the Investment Advisors Act of 1940. They can be regulated by the SEC or state securities regulators, both of which hold advisors to a standard that requires them to act and to provide advice only in their client's best interests. This involves the advisors disclosing any conflicts of interest that may violate this standard and they owe their clients a duty of undivided loyalty and utmost good faith.
Who is TD Ameritrade Institutional?
TD Ameritrade Institutional is the custodian for Cornerstone Wealth Management. We act as the investment advisor in managing the assets in your account which are held (in custody) by TD Ameritrade Institutional on your behalf. The custodian’s role is to support the relationship between you and Cornerstone by providing research, trading functions, technology, and various other investment operations.
Will I have online access to my accounts?
Yes. You will be provided with a login and password to view your accounts online through TD Ameritrade Institutional Client Site.
You may access this site through the Cornerstone Wealth Management website by clicking Client Login at the top of the page or go to www.advisorclient.com.
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Fee-Only, Fiduciary, Independent Advisors