CornerStone Partners provides portfolio management services, selecting third-party investment managers for its clients' portfolios. CornerStone acts as an Outsourced Chief Investment Officer (OCIO) for tax-exempt organizations, including endowments, foundations, and charitable organizations. CornerStone offers fiduciary portfolio management and operational and administrative services.
Assets Under Management$25B
Clients22
AdvisorsN/A
Avg. per Client$1.1B
Avg. per AdvisorN/A
Fee Structure
Minimum Investment:$25M
Investment management only (planning not offered)
Minimum Annual Fee:$800,000
CornerStone Partners provides investment advice to tax-exempt organizations, managing their portfolios by selecting third-party investment managers. CornerStone offers several fee arrangements:
- Option #1: Management Fee + Incentive Fee: The management fee will not be more than the maximum annual rate of 0.40% of the client assets CornerStone advises plus a performance-based incentive fee. The annual minimum OCIO fee is $800,000.
- Option #2: Management Fee Only: The management fee will not be more than the maximum annual rate of 0.48% of the client assets CornerStone advises. The annual minimum OCIO fee is $800,000.
CornerStone's fees are potentially subject to negotiation. Longer-time clients pay fee rates that are lower than fee rates paid by new clients.
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