Andrew Smith is a CFP-designated registered investment advisor at Cornerstone Wealth, based in Huntersville, NC, with 26 years of industry experience. Andrew 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
16810 Kenton Drive, Suite 200, Huntersville, NC, 28078
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Learn about disclosures →Other Business ActivitiesSells Insurance
Andrew is involved in several business activities, including being a partner at CFP Holdings, Inc., an agent at Cornerstone Risk Management Advisors, LLC, and a managing partner at Cornerstone Wealth Group, LLC (taking nearly full-time). He also manages multiple rental properties and is a member of a Vistage Worldwide CEO Advisory Board.
Employment History
Current Registrations
Cornerstone Wealth
Mutual Securities, INC.Broker
Previous Registrations
Cornerstone Wealth
LPL Financial LLCBroker
Securities America Advisors, INC.
Securities America, INC.Broker
Raymond James Financial Services, INC.Broker
First Union Brokerage Services, INC.Broker
State Registrations37 states
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