Timothy Baker
Timothy Baker is a registered investment advisor at Cornerstone Asset Management Services, INC., based in Broadview Heights, OH, with 12 years of industry experience. Timothy 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
Get directionsHistory
Regulatory History (1)
Judgment / Lien
September 2013Other Business ActivitiesSells Insurance
Timothy is an independent licensed insurance agent since 2005, offering annuities and life insurance. This activity takes about half of his time.
Employment History
Current Registrations
Cornerstone Asset Management Services, INC.
Previous Registrations
Royal Fund Management, LLC
Ameriprise Financial Services, INC.
Legend Advisory CORP
Hbk Sorce Advisory LLC
American Express Financial Advisors, INC.
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.