Firm Overview
What types of services do you offer?
We provide financial planning services, including retirement planning, with cash flow analysis, tax planning and strategies to help you manage your tax burden, as well as estate planning and trust services, offered through Raymond James Trust. In addition, we deliver customized investment management and ongoing advice on investments, including those assets that remain outside of your Raymond James accounts (e.g. your company 401(k)). For business owners, we also offer sophisticated company retirement plans, including but not limited to 401(k) and profit-sharing plans, Uni-k, SIMPLE IRAS, SEPs, and Non-Qualified Deferred Compensation. We are able to provide analysis and solutions relating to your life and long term care insurance needs. Lastly, we offer services to cover all of your banking needs, from checking/savings, money market and CDs, various credit cards, as well as custom lending strategies and securities-based lending.
We can provide as comprehensive of a financial experience as you wish, so you can focus on what matters most to you.
Who is your typical client?
The families we provide wealth management services comprise a diverse group of successful professionals from various fields and backgrounds such as engineering, health sciences and services, technology, law, and construction. We also provide services to multigenerational clients, serving their trust needs.
Describe your investment firm and explain the Steward Partnership?
We are able to deliver a unique solution to families through our firm by providing the combination of a boutique, personal touch experience, while still offering the world class resources of a global firm.
Raymond James was founded in 1962, by Bob James. Raymond James Financial was also one of the few investment firms during the 2008 financial crisis to remain profitable and NOT require tax payer assistance from the U.S. government.
Steward Partners Global Advisory is an employee-owned, full-service independent partnership, catering to family, institutional and multigenerational investors. Based in Washington, D.C., the partnership was created in 2013 and currently consists of 100 Financial Advisors with 16 offices ranging from New Hampshire down to Florida, as well as Texas.
Our professionals deliver comprehensive wealth planning and investment strategy implementation, professional asset management services, private banking, institutional consulting, international advisory and business solutions. We pride ourselves on delivering platinum level client service with an unwavering commitment to excellence.
Investment Process
What is your investment approach?
We implement a “goals-based” investment approach. Simply meaning, we customize each strategy, using your goals as our guide, to provide a balance of risk versus reward with a combination of both active and passive investments.
Do you use mutual funds or ETFs?
Yes. It is difficult to accurately predict year in and year out whether active strategies or passive strategies will be best suited, therefore we incorporate both actively managed mutual funds and passive ETFs to create a perfectly balanced hybrid portfolio.
Do you invest client assets into individual stocks and bonds?
Yes. In portfolios we design, we recommend individual stock and bonds based on each client's objectives and risk tolerance. For those clients with the risk capacity, we will invest in individual stocks to help add alpha to the portfolio. We use fundamental analysis to select those companies with the strongest balance sheets in their respective industry/sector in combination with Point and Figure technical analysis to determine buy and sell price points. Having an exit strategy when owning individual equities is critical in our opinion.
What is the process involved when moving my accounts?
Our team will handle all related transfer paperwork to move over your existing accounts. For your non- retirement accounts we will transfer assets “in-kind” or in other words, exactly as they are to help avoid potential tax consequences. We will work directly with your current firm, custodian, or former employer to ensure a smooth transition of your assets. Once your investment portfolio arrives, we will complete an accounting of assets to ensure all shares and cash are accounted for accurately.
Client Service
Who will I work with at Cornerstone Legacy Advisors?
We believe every member of our team offers a distinct set of skills that enables us to provide a team approach. As a Cornerstone Legacy Advisors client, you will have direct access to every member of our team and their individual expertise. Whether it is background, life experiences, or common interests, we understand that some of our families occasionally relate more to one member of our team than another. While we do work as a team in many situations, as we believe our clients benefit from the insights and perspectives of more than one seasoned financial advisor, you have discretion in who you work with and interact with regularly.
Does your group have an investment minimum?
Typically, the families we provide wealth management services to will have a portfolio of at least $500,000 in investable assets. Investable assets most commonly include current retirement plans, retirement accounts from previous employers, IRAs (traditional, rollover, Roth, SEP, inherited, SIMPLE), brokerage accounts, trusts, and cash or money market accounts.
How can I view my investment performance and holdings?
You may view your accounts and performance, in real time, on the Raymond James Client Access website or App.
How are you compensated?
We have lived by the belief that our clients are our employers and have stood by the axiom of “our client's interest must always come first.” We typically utilize an advisory agreement in which we collectively agree on a reasonable cost based on services provided and assets managed. As we have said, we customize most everything. As an example, if a client has a long term and/or concentrated position they never intend to sell. We also offer traditional commission based brokerage services.
A line of credit backed by securities, such as a securities based line of credit or Margin account may not be suitable for all clients and investors. Borrowing on securities backed lending products or Margin accounts and using securities as collateral may involve a high degree of risk including unintended tax consequences and the possible need to sell your holdings, which may lead to a significant impact on long-term investment goals. An investor can lose more funds than he or she deposited in the account. Market conditions can magnify any potential for loss. If the market turns against the client, he or she may be required to quickly deposit additional securities and/or cash in the account(s) or pay down the loan to avoid liquidation. Clients and investors may not be entitled to choose which securities or other assets in his or her account are liquidated or sold to meet a Call. The firm can increase its maintenance requirements at any time and is not required to provide advance written notice. Clients and investors may not be entitled to an extension of time on Calls. The securities in the Pledged Account(s) may be sold to meet the Collateral Calls and the securities in a Margin account can be sold to meet Margin Calls; the firm can sell the client's securities without contacting them. Increased interest rates could also affect LIBOR rates that apply to your line of credit causing the cost of the credit line to increase significantly. The interest rates charged on a line of credit are determined by (i) the market value of pledged assets and the net value of the client's non-pledged Capital Access account or (ii) the line of credit amount. The interest rates charged on Margin accounts are determined by the amount borrowed. Please visit sec.gov/investor/pubs/margin.htm for additional information.
The proceeds from a securities based line of credit cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account; (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate of Raymond James. Raymond James Bank does not accept RJF stock or any securities issued by affiliates of Raymond James Financial as pledged securities towards a line of credit. Lines of credit are provided by Raymond James Bank. Securities based line of credit and structured lines of credit provided by Raymond James Bank, Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, a federally chartered national bank.
Steward Partners Investment Solutions, LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Steward Partners Investment Solutions, LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Steward Partners Investment Solutions, LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY