How large is your firm?
Cobblestone Capital Advisors is a well-established investment advisory firm with roots extending back to 1986. We currently manage $2 billion of assets with over 750 client relationships. Our clients range from not‐for‐profit endowments, pension plans, foundations and insurance pools to individuals and families. Our office is located in Rochester, New York and houses a team of 33 professionals with extensive portfolio management, wealth planning, and financial consulting experience.
What are your qualifications?
Our in-house team includes 6 Chartered Financial Analyst® charterholders, 4 Certified Financial Planner™ certificants, 1 Juris Doctor, and 1 Certified Public Accountant. The majority of our employees have at least 10 years of industry experience and many have been with Cobblestone for over 20 years. Our extensive investment and planning expertise allows clients to better build, manage, monitor and retain wealth.
What services do you offer?
Our offerings include traditional investment management and wealth management services, as well as private investments and family office services.
What is your approach to managing client accounts?
Cobblestone employs a customized goals-based approach to wealth management, which is guided by the unique needs and objectives of each client. Once goals are identified and documented, we employ deep planning and investment expertise, devising creative strategies and keeping an eye on thoughtful execution to ensure successful implementation of your plan.
Will you be the only person working with me?
No. In fact, one of our strengths is our team approach. While your primary point of contact is your Relationship Manager, your team will also include two to three additional financial professionals: a Portfolio Manager, a Client Service Associate, and possibly a Wealth Planner. Any of these contacts will be happy to assist you should your Relationship Manager be unavailable for any reason.
What is your approach to communicating with clients?
We understand that communication is critical in developing successful client relationships – and that every client is different. We’ll work with you to understand your preferences regarding how and how often you’d like to hear from us to make sure you’re always well informed about your account.
Your Cobblestone Capital Advisor team will meet/communicate with you for periodic investment reviews to cover the following topics:
- Portfolio performance (net of fee)
- Market Overview
- Asset allocation
- Open discussion
Cobblestone Capital also engages in ongoing communication with our clients throughout the year. We distribute timely, informational pieces and a quarterly newsletter, offering general economic updates and Cobblestone’s perspective on current market conditions. We’ll also communicate with you in times of major, global events, significant market movements or large-scale catastrophes. We understand that our clients are concerned about how such events may impact the global markets, as well as how they may trickle down to affect us locally. We provide our perspective on how we expect the markets to react to such events and what actions we may need to address moving forward. Cobblestone will communicate promptly with you if there are significant positive or negative trends in investment performance as well as significant changes in investment philosophy or key staff positions.
How will I pay for your services and how is Cobblestone compensated?
Cobblestone Capital Advisors is a fee-only Registered Investment Advisor. We are independent and independently owned. Because we have a fiduciary responsibility, our efforts are focused solely on you and your success. Unlike brokers, we do not accept any commissions.
We calculate management fees according to the fair market value of account assets. Fees are assessed quarterly, in advance. Consulting fees are quoted separately.
Investment Management Fee Schedule
$0 ‐ $1,500,000……………………..1.00%
$1,500,001 ‐ $5,000,000………….0.75%
In an investment management capacity, Cobblestone has full discretion to take action within a portfolio. Cobblestone receives no other compensation for its services.
Private investment vehicles may also be subject to performance-based fees. All fees are subject to change.
Have you ever been publicly disciplined for any unlawful or unethical actions in your professional career?
No, Cobblestone has never been subject to any pending litigation or regulatory issues. Cobblestone is committed to maintaining a strong and effective compliance program. As an investment advisor registered with the SEC, Cobblestone is subject to regulatory compliance inspections and examinations.
Do you have a succession plan for ownership of your firm?
Yes. Management responsibility and firm ownership deliberately transitioned from senior partners to new generations of firm leadership many times over the past 25 years. The firm has actively engaged external resources for guidance and perspective on succession issues. Our trust in the firm’s stability is reflected in the fact that many of the partners and employees are also clients.