Cornerstone Asset Management Services (CAMS) offers investment advice through its Alpha/Beta Solutions Platform and separately managed accounts. CAMS manages investments using proprietary and third-party model portfolios. They also provide consulting services on an hourly or flat-fee basis. CAMS tailors its advice to individual client needs based on their risk tolerance and investment time horizon. CAMS may also provide investment management services to clients of other investment advisory and brokerage firms through sub-advisory agreements.
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.