Cornerstone Financial Group, Inc.

Category: Financial planner

Address: 55 Madison Ave Suite 400, Morristown, NJ 07960, USA

Phone: +18622176240

Opening hours

Sunday: Closed

Monday: 9AM–5PM

Tuesday: 9AM–5PM

Wednesday: 9AM–5PM

Thursday: 9AM–5PM

Friday: 9AM–5PM

Saturday: Closed

Reviews

Rich Beeferman

Dec 23, 2021

I was introduced to Jan and Alan at Cornerstone over 35 years ago and they are the best in helping me achieve my goals. When ever I am asked for a referral for asset management or financial planning I never hesitate referring to them. I would give 10 stars if i could.

Carol Perperas

Nov 4, 2021

I met Alan Meckler of Cornerstone Financial Group through my former employer to start a 401(k) plan. When I retired, I continued my financial relationship with Alan. I feel very comfortable and trusting of Alan. He is a true professional and I have already recommended him to others in my family. Alan Meckler goes above and beyond! I know my finances are in good and trusting hands hands!

Rosanne Przitulsky

Nov 4, 2021

Alan is so easy to talk to and super responsive to every need. He takes tremendous care and time with me to help me understand and plan for whatever the future holds in store for me and my family I am so happy and relieved we started this journey with him (about 10 years ago)

Brad Lichter

Nov 3, 2021

Alan has been an experienced, intelligent guide into the world of investment and savings. His personal service is truly top notch, with attention to detail, great communication skills, and a wonderful understanding of your needs. I really feel lucky to have Alan as my family's financial investor. I cannot recommend him enough.

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Questions & Answers

How does the financial planning process work?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

I gather all of your pertinent information and then develop a financial plan especially designed for you.

How does your team work together to work with me? Do you coordinate with other providers like accountants, insurance agents, and attorneys?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

I have a network of professionals I work with and refer other professionals to clients all the time.

Are they able to meet virtually?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Yes

Have you ever been publicly disciplined for any unlawful or unethical actions in your career?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Never

How do you measure success with your clients?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

If the client is happy and feel we are meeting their goals and objectives then we are all happy.

What do your clients like about working with you?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Honesty, integrity and I am always there for them.

Why did your last client leave? Why did your last client hire you?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Our retention rate is extremely high, last client left when spouse died and the surviving spouse had a relationship with another advisor. Last client hired me was from a referral from a CPA.

What services do you provide to your clients?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Wealth management, investment, retirement and risk planning.

Do you specialize in certain types of clients?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

No

How will we meet? Remote/In office.

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Either way, whatever you prefer.

Will you coordinate your advice with my tax situation?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Absolutely

Who is your custodian?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Charles Schwab or Fidelity.

What investment benchmarks do you use?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

We show how your portfolio is performing against all the standard benchmarks such as S&P 500 and Dow Jones and bond indexes.

What asset allocation will you use?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

It depends on the clients risk tolerance, anywhere from conservative to very aggressive.

Who are your typical clients?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Business owners and professionals mainly, retirees.

What's your investment philosophy?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Diversified portfolio, we use our money manager, Mariner Wealth Advisors. The portfolios are comprised of stocks, bonds, mutual funds and ETF’s.

How do they set up your financial plan? Is your plan comprehensive?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

We have a software program that will detail the plan for you.

Are they flexible in terms of changing needs, goals, and priorities?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Yes

How often will you reach out to me?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

I will update you at least quarterly.

How often will we meet?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Quarterly if you would like, or semi annually or annually.

What will be covered during our personal financial planning meetings? Will you help me with budgeting? With retirement planning? Tax planning?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Yes we do all of that, an extensive fact finder is done.

How will our relationship work? How much access will you have to the advisor? How often will we meet? How will we meet?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Typically I will meet with my clients quarterly, I am always available to touch base with for whatever questions arise.

What are your qualifications/credentials and years in business and experience?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

I have a CFP since 2005 and have been in the business since 1988. I also have a CLU – Chartered Life Underwriter designation and a ChFC – Chartered Financial Consultant.

How do you get paid? Do you get paid by anyone other than your clients (products, commissions)?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

If we sell an insurance product such as life insurance or an annuity we get paid by the carrier as a commission. Otherwise it is assets under management. Our typical fee is 1% of assets up to $1,000,000 then it scales down from there.

Are you a fiduciary?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

Yes

What are my all-in costs?

Cornerstone Financial Group, Inc. | Oct 19, 2021
Cornerstone Financial Group, Inc. | Oct 19, 2021

No additional hourly fees or any flat fees. Just Assets under management fee or commission from the insurance carrier.

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