Wallace Sutton is a registered investment advisor at Cornerstone Wealth, based in Tampa, FL, with 41 years of industry experience. Wallace operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 2,479 clients with $2.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $1000K | 1.10% |
| $1.0M - $1.5M | 0.95% |
| $1.5M - $2.0M | 0.85% |
| $2.0M - $3.0M | 0.70% |
| $3.0M - $4.0M | 0.65% |
| $4.0M - $5.0M | 0.55% |
| $5.0M - $10.0M | 0.50% |
| $10.0M - $25.0M | 0.40% |
| $25.0M - $50.0M | 0.35% |
| $50.0M - $100.0M | 0.30% |
| $100M+ | 0.30% |
Fees are potentially negotiable and may vary from client to client. Clients who engaged Cornerstone Wealth prior to July 1, 2021, are subject to legacy fee schedules that differ from the fee schedule set forth above. In some instances, the use of a legacy fee schedule may include a minimum fee of $3,000 per year.
Fee Estimator
Location
3708 W Swann Ave, #102, Tampa, FL, 33609
Get directionsHistory
Regulatory History (1)
Customer Dispute
May 2001Other Business Activities
Wallace is involved in several outside business activities, including real estate investments, serving as a trustee for multiple trusts, and volunteering on a church finance committee. He also owns Southerland Investments, Inc. and Auriga Management, Inc., though the latter is inactive.
Employment History
Current Registrations
Cornerstone Wealth
Mutual Securities, INC.Broker
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Sutton Wealth Advisors, INC.
Barron Asset Management, INC.
Barron Asset Management, INC.
Securities Service Network, LLCBroker
Fsc Securities CorporationBroker
Fsc Securities CorporationBroker
The First Tampa Securities Group, INC.Broker
Interstate Securities CorporationBroker
Cibc Wood Gundy Securities CORP.Broker
The Stuart-James Company, INC.Broker
State Registrations25 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.