Jay Mcclellan
Jay Mcclellan is a CFP-designated registered investment advisor at Cornerstone Asset Management Services, INC., based in Broadview Heights, OH, with 40 years of industry experience. Jay operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 300 clients with $37M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Cornerstone Asset Management Services (CAMS) offers several options for investment management fees, all capped at a maximum of 2% annually. These fees are calculated as a percentage of the value of your investments and are billed quarterly.
Here's a breakdown of the options:
- Alpha/Beta Solutions Platform: The total fee is up to 2%, split between a 0.75% CAMS portfolio management fee and an advisor fee of up to 1.25%.
- Separately Managed Account or Variable Annuity Assets: The total fee is up to 2%, split between a 0.55%-1.00% CAMS portfolio management fee and an advisor fee of up to 1.00%-1.45%.
- ETF Platform Assets: The total fee is up to 2%, split between a 0.25% CAMS portfolio management fee and an advisor fee of up to 1.75%.
Clients with accounts valued between $500,000 and $1,000,000 may receive a 0.10% reduction in the portfolio management fee. Accounts valued at $1,000,000 and above may receive a 0.20% reduction. CAMS may also charge a $20 quarterly administration and reporting fee for accounts greater than $10,000.
Location
1000 W Wallings Rd, Suite D, Broadview Heights, OH, 44147
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Jay is the president of Asset Management Systems, an income tax preparation business that also offers financial planning and insurance. He is also a licensed insurance agent and the owner of McClellan Agency, selling fixed insurance and annuities, and a general partner in MVT Investors, dedicating about half of his time to these activities.
Employment History
Current Registrations
Cornerstone Asset Management Services, INC.
Previous Registrations
Aurora SecuritiesBroker
Secure Asset Management, L.L.C.
Concorde Investment Services, LLCBroker
Concorde Asset Management, LLC
J. W. Cole Advisors, INC.
J.W. Cole Financial, INC.Broker
Questar Asset Management, INC.
Questar Capital Corporation
Questar Capital CorporationBroker
Proequities, INC.Broker
Mariner Financial Services, INC.Broker
Leadertech Securities, INC.Broker
First Investors CorporationBroker
State Registrations1 state
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.