Blog

Filter Blog by:

Blog

Is It Time for a Comprehensive Planning Review?

By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

When you look at your overall financial picture, what do you see? Do you see a unified, strategic, and focused portfolio with every piece of the puzzle working together to get you to a specific goal? Or, do you have a 401(k) here, an IRA there, a life insurance policy somewhere else? Do you remember why you purchased certain products or opened particular accounts, or is your financial plan all over the place? Read more

Blog

What is goals-based planning?

“A goal without a plan is just a wish.”

Is there something you’ve always wanted to do but still haven’t done it? Maybe time constraints are holding you back or you are unsure if your financial resources will accommodate your plans. Or maybe, like a lot of people we meet, you haven’t taken the time to really think about what you want. Read more

Blog

The Importance of Portfolio Diversification

Published by Don Hagan, CFA

The famous stock market axiom, “it’s the bus you don’t see that hits you”, nicely underpins the reasons behind maintaining a diversified portfolio.

The stark reality of investing is that there are unknowable landmines. Even though investment managers and analysts spend hundreds of hours scouring financial reports, talking to management, interviewing competitors and digging deep into a company’s prospects, there is always the possibility of an unpleasant surprise. Read more

529 Plans

Blog

Common 529 Plan Mistakes

By Scott Ford, CEO and Founder of Cornerstone Wealth Management Group

You’ve been working diligently for years to save for your child’s college education. You know that a college education could cost you anywhere from $22,750 (for a public college) to $45,760 for a private institution, so you’ve invested in a 529 plan to grow your savings and take advantage of compound interest. Read more

Blog

See a Sample Financial Plan

By Scott Ford, CEO and Founder of Cornerstone Wealth Management Group

When’s the last time you purchased something without seeing it first or knowing what to expect? You most likely haven’t. You wouldn’t buy a car without seeing it first, nor would you purchase an insurance policy without reviewing the contents. So why should you pay for a financial plan without knowing what to expect? Read more

Blog

2017 First Quarter Economic Update

By Scott Ford, CEO and Founder of Cornerstone Wealth Management Group

Now that we are safely into April, we can look back at what the first quarter of 2017 held for the economy. Global economic growth and stock market performance continued their positive trend as the new presidential administration began to roll out their policies here in the US. Read more

Blog

How to Set up a Trust

Published by Beth Schanou, Director of Wealth and Estate Planning

A trust can be a necessary tool for an estate plan. But, you may ask, what is a trust? Put very simply, a trust is created with a formal legal document to manage assets for beneficiaries. The trust is created by a person called the Settlor or Grantor, and a Trustee is appointed to follow the rules of the trust for management of the trust and its assets for the beneficiaries’ benefit. Read more

Blog

Getting Started with Estate Planning

By Scott Ford, CEO, founder and wealth advisor of Cornerstone Wealth Management Group

As a financial advisor who has helped numerous families with estate planning, I have seen the effects of good planning. Most of us understand that having an estate plan is crucial, yet only around half of Americans have done any estate planning,1 which means half the population is taking a huge risk when it comes to caring for their families and assets. Read more

What’s in Your Wallet? A Powerful Portfolio Management Tool

Blog

What’s in Your Wallet? A Powerful Portfolio Management Tool

Published by Rob Furlong

When considering portfolio management tools many people think about complex spreadsheets or Bloomberg terminals flashing red and green stock quotes all day. While these are necessary, they are far from the most significant tool. I carry my most powerful portfolio management tool in my wallet: a library card. Read more

Blog

Helping Your Loved Ones with Long Term Care

Published by Mike Schudel and the Carson Institutional Alliance Investment Committee

Seemingly so much of what we do involves looking ahead into the future. We think about the things we would like to do with our time, the tasks that we wish to accomplish and, sometimes, experiences we’d like to avoid. Aging is unavoidable and is not the most enjoyable topic to discuss – especially with our families as there can be so many emotions and unknowns involved. Read more