Skip to content

Trending News

Exclusive
8 hours agoChimera Investment (CIM) Q2 2022 Earnings Call Transcript 8 hours agoBoost your ecommerce strategy with these 10 affiliate marketing tips 9 hours agoSenate GOP Blocks Insulin Price Cap For Private Insurance As Democrats Aim To Pass Economic Bill 9 hours ago4 Content Marketing Frameworks To Add Structure to Your Strategy 10 hours agoERP System: The Basics of ERP
Tuesday, Aug 9, 2022
hollywoodstarshoney hollywoodstarshoney

Long Life Business

Aug 9 2022

Chimera Investment (CIM) Q2 2022 Earnings Call Transcript

Nov 1 2018

Clothes

Nov 1 2018

Systemwide Enterprise & Finance

Nov 1 2018

Detailing House Improvement Initiatives At #bayberryhouse

Nov 1 2018

Vive Healthy Sport And Nutrition

Jan 1 2019

Enterprise

Primary Menu
  • Business Management
  • Business Analysis
  • Business Banking
  • News Business
  • Insurance
  • About Us
    • Contact Us
    • Advertise Here
    • Privacy Policy
    • Sitemap
  • Home
  • David Guensch of Lehigh Valley’s Cornerstone Portfolios Announces 401k Asset Management Business Expansion

David Guensch of Lehigh Valley’s Cornerstone Portfolios Announces 401k Asset Management Business Expansion

Posted On : April 5, 2022 Published By : Patricia A. Eldridge

Cornerstone Portfolios owner David Guensch recently announced plans to expand Cornerstone Portfolios 401k servicing business that was started by his father in the Lehigh Valley many years ago in 1986 to fill the void for smaller businesses and corporations in search of better 401k asset management options.

The little known problem for many small to mid sized or family owned businesses is that many financial advisors tend to be unprepared or uncomfortable in the advisor of record role, and therefore only service the 401k plan in a very basic capacity even though most are now fee based. This results in these advisors collecting their fees but often providing little to no additional value. Advisors generally get paid the same fees even if they don’t perform important tasks and analyses such as annual reviews, on-site employee financial workshops, negotiation of reduced fees, etc. to provide greater value and returns for their clients. The following video on commission versus fee based 401k plan management explains more on this.

In an industry many people have very little knowledge about, many advisors serve in the capacity to be the advisor of record on a 401k plan, but they may well not have the expertise to understand a lot of the necessary terminology, fund options, and rules governing the 401k industry. David Guensch of Cornerstone Portfolios is offering small to medium sized businesses a way to fix these limitations with better options.

Guensch shared that small to medium sized companies, particularly family owned businesses without a competent fund advisor/manager, don’t usually have any expertise in 401k management, whether it be the company owner or management team. Most don’t have the time or the desire to get educated in this area because they have so many other things to do. Consequently they rely on the financial advisor to maximize their investments.

Related Posts:

  • Sundaram AM to buy Principal's money management business in India

Dave Guensch saw the opportunity to grow by helping new people and companies in what are difficult financial times for many, and enlisted experienced Lehigh Valley SEO, internet, and media marketing firm 1st Search Optimization to help. He shared the following, “We have the opportunity to serve more people in the Lehigh Valley with our expertise in Financial Services, especially in the areas of 401k funds and Social Security benefits. We can generally bring increased returns and save our clients money when they know we’re available to help them. We can help them save on fees, get them invested in the best vehicles within their 401k, and not take up any more of the precious time they already have so little of.”

Guensch explained that many of the funds out there are provided by very good financial companies like John Hancock or Fidelity, but there is usually no experienced fiduciary person in the local business who understands important details about 401k asset management. These fiduciary details are things such as the administrative fees being paid, how to perform yearly reviews, what products within the 401k might yield higher returns, and so on. He also shared from experience that it’s not uncommon for Cornerstone’s clients to save anywhere from $10,000 to $30,000 on the administrative fees they are paying in their 401k funds while earning higher returns.

“When it comes to managing 401k funds, we have expertise that’s uncommon in the industry. This gives us the ability to choose the financial vehicles in 401k funds that have the potential to earn greater returns for all invested while cutting fees without having to change anything else. We make it simple without placing further burden on the company’s busy management.”

David Guensch learned the 401k asset management business directly from his father while working for him for many years. Much of the education and experience he got is difficult to obtain for financial advisors these days. For the most part, only advisors who are very well educated and then trained by high level financial companies with access to advanced financial research get the necessary knowledge. Cornerstone Portfolios financial knowledge is addiotionally supplemented by Lombard Securities which is a well known financial research firm. Lombard partners directly with brokers and asset management professionals and does not develop or sell financial investment products, so they have a fiduciary responsibility and interest. They solely provide professional financial recommendations on investment products and services based upon market knowledge, client needs, and market conditions.

When sharing his thoughts, Guensch said, “My father started this business many years ago, and I learned directly from him things that many financial advisors today are not necessarily educated in. We’ve been connected to some of the best financial research and minds for many years. Some of the well known firms that other advisors work for may not teach advanced advisor of record expertise. If they do get it, it takes time to learn. There is little hands-on expertise guided by experienced and seasoned superiors, except in the high level, specialty, financial companies which may be out of reach for companies with smaller but still sizable portfolios.”

Those looking to learn more about Cornerstone Portfolios and the services they provide can contact Dave Guensch at Cornerstone Portfolios via telephone at 610-973-5334 or visit the company website at www.cornerstoneportfolios.com.

Media Contact

Company Name
Cornerstone Portfolios LLC
Contact Name
David Guensch
Phone
610-973-5334
Address
6201 Hamilton Blvd #209
City
Allentown
State
PA
Postal Code
18106
Country
United States
Website
https://www.cornerstoneportfolios.com/

Posted in: Business ManagementTagged : Amazon Fba Business,Atlanta Business Chronicle'S,Boss Baby Back In Business,Business Administration Degree,Business Attire Women,Business Card Design,Business Cards Templates,Business Casual Dress,Business Casual Outfits,Business Checking Account,Business Credit Card,Business For Sale Near Me,Business Intelligence Platform,Business Lawyer Near Me,Business Loan Calculator,Business Name Ideas,Business Professional Women,Business Spectrum Login,California Business Entity Search,Capital One Spark Business,Carl Weber'S The Family Business,Charlotte Business Journal,Custom Business Cards,Delaware Business Search,Fl Sos Business Search,Florida Business Search,Harvard Business Publishing,Insurance For Small Business,Kelley School Of Business,Maryland Business Express,Maryland Business Search,Moo Business Cards,National Business Furniture,New York Business Search,Ohio Business Gateway,Onedrive For Business,Online Business Ideas,Paramore Misery Business,Risky Business Cast,Small Business Insurance,Spectrum Business Customer Service,Tom Cruise Risky Business,Us Small Business Administration,Verizon Wireless Business,Verizon Wireless Business Login,Virtual Business Address,What Is Business Administration,Women'S Business Casual,Yelp Business Login,Yelp For Business

Post navigation

Oregon Business – LCC, UO Expand Energy Management Training Program
Man finds U-Haul truck on top of his SUV, insurance company not paying for damages

Categories

  • Business Analysis
  • Business Banking
  • Business Management
  • Insurance
  • Investment
  • News Business

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020
  • January 2019
  • November 2018

Recent Posts

  • Chimera Investment (CIM) Q2 2022 Earnings Call Transcript
  • Boost your ecommerce strategy with these 10 affiliate marketing tips
  • Senate GOP Blocks Insulin Price Cap For Private Insurance As Democrats Aim To Pass Economic Bill
  • 4 Content Marketing Frameworks To Add Structure to Your Strategy
  • ERP System: The Basics of ERP

Visit Now

Thai Food

BL

TL

Intellifluence Trusted Blogger

promo toyota malang

water damage restoration las vegas

hollywoodstarshoney.com All rights reserved
Theme: Royal Magazine by ThemeinWP
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT