Cornerstone Financial Planning, LLC is a registered investment adviser primarily based in Portsmouth, New Hampshire. We are organized as a limited liability company under the laws of the State of New Hampshire. We have been providing investment advisory services since 2004. Christina Traurig and Mackenzie Arsenault are our principal owners. Currently, we offer the following investment advisory services, which are personalized to each individual client:
•Financial Planning and Investment Management Services
•Selection of Other Advisers
•Hourly Consulting Services The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to Cornerstone Financial Planning, LLC and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm. Also, you may see the term Associated Person or Investment Adviser Representative throughout this Brochure. As used in this Brochure, our Associated Persons or Investment Adviser Representatives are our firm's officers, employees, and all individuals providing investment advice on behalf of our firm. Financial Planning and Investment Management Services To consider a suitable course of action for you, we do an initial review of the information you present. Our review includes considering your goals, investment objectives, overall financial condition, income and tax status, personal and business assets, risk profile, and other facts of your particular circumstances to determine which of the three categories of service best meets your needs.
We provide an initial, no-obligation, no-fee meeting to become familiar with a prospective client's circumstances. We get information from you - some of it in conversation with you, and some by gathering documents from you. This information can help us consider which service might help you.
We're not obliged to check information we received from you or from your lawyer, accountant, and other professionals. If you ask, we will suggest other professionals to help you implement your financial planning. You're never obliged to engage anyone we suggest.
You must tell us about changes to your financial situation or investment objectives so that we can review, evaluate, and revise our previous advice.
We offer discretionary and non-discretionary portfolio management services. If you engage this service, we assess your current financial situation. Our assessment includes considering your future income needs from your portfolio, and your time horizon and risk tolerance. We review your current investment portfolio. Usually, we'll suggest a written Investment Policy Statement (IPS) unless your invested assets are less than $150,000. For portfolios at or less than $150,000 an IPS is not created and the reasoning for each investment recommendation is discussed individually with the client. An IPS includes written recommendations for asset allocation and asset selection. Going forward, we review your portfolio to check whether it is consistent with your IPS.
Some specific tasks of this service may include:
•preparing an annual net worth statement;
•creating a cash flow statement;
•creating an Investment Policy Statement for your goals and objectives; 4 ©2017 National Compliance Services 800-800-3204
•implementing investment recommendations as outlined in your IPS;
•providing investment management on a discretionary or non-discretionary basis;
•reviewing your most recent personal tax returns to find tax-planning suggestions;
•providing insurance advice, and helping you implement our recommendations;
•providing estate-planning advice, and helping you implement our recommendations;
•completing a retirement analysis;
•providing education-planning advice;
•providing advice on other areas of financial planning for which you want our help. We may also render non-discretionary advisory services relative to your individual employer-sponsored retirement plans. In so doing, we may either direct or recommend the allocation of your assets among the various mutual fund subdivisions that comprise the retirement plan. Your assets shall be maintained at the custodian designated by the sponsor of your retirement plan. Investments and service providers relative to Plan offerings are limited to only those available through the respective Plans and are determined by the Plan Sponsors. That said we have a "TIAA Authorized Advisor" arrangement with Teachers Insurance and Annuity Association ["TIAA"], College Retirement Equities Fund ["CREF"], and their affiliates, TIAA Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc. (we'll call all these and their other affiliates together "TIAA") that allows us to receive your information from TIAA and, if you authorize us, to submit some kinds of information and investment changes to TIAA. We are also able to view and manage some Fidelity 403(b)s through the software that Fidelity provides to advisors, if you sign a Third Party Authorization Form.
All clients may not utilize all of the services we offer. We provide our services according to a written Advisory Services Agreement.
Selection of Other

Advisers We may infrequently recommend that you use the services of a third party money manager ("MM") to manage all, or a portion of, your investment portfolio. If we were to do so, we would gather information about your financial situation and objectives and then recommend that you engage a specific MM or investment program. Factors that we take into consideration when making our recommendation(s) include, but are not limited to, the following: the MM's performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will periodically monitor the MM(s)' performance to ensure its management and investment style remains aligned with your investment goals and objectives.
The MM(s) will actively manage your portfolio and will assume discretionary investment authority over your account. We will assume discretionary authority to hire and fire MM(s) and/or reallocate your assets to other MM(s) where we deem such action appropriate. Hourly Consulting Services This service involves consultation, analysis, and recommendations in any or all of the following areas of financial planning:
•Cash Flow Review
•Insurance Planning
•Investment Planning
•Estate Planning
•Retirement Planning
•Tax Planning 5 ©2017 National Compliance Services 800-800-3204 We review your current financial situation to issue a written analysis and report of our recommendations about ways that you might meet your goals and objectives. This service involves an initial consultation and one or more follow-up visits. The areas covered in the plan may include:
•preparing an annual net worth statement;
•creating a cash flow statement;
•reviewing your current investments to make recommendations;
•reviewing your most recent personal tax returns to present tax-planning suggestions;
•reviewing life, disability, and long-term care insurance contracts to make recommendations;
•reviewing your estate plan to make recommendations;
•completing a retirement analysis;
•providing education-planning advice. We provide our services according to a written agreement -our Hourly Services Agreement or Divorce Services Agreement. If we provide hourly services according to our Divorce Services Agreement, our focus will be on issues pertaining only to your upcoming divorce. This service is available before, and up to one month after, a divorce is final.
We offer this service only as a non-discretionary service - that means that we'll provide our advice and recommendations, but don't have any authority to make decisions for you. We're not responsible to help you implement any recommendation. However, you can request, and agree to pay for, another engagement for further services.
Types of Investments We primarily offer advice on mutual funds or exchange traded funds (ETFs). Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship. You may request that we refrain from investing in particular securities or certain types of securities.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you.
When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. 6 ©2017 National Compliance Services 800-800-3204 We benefit financially from the rollover of your assets from an ERISA account to an account that we manage or provide investment advice to, because the assets increase our Assets Under Management and, in turn, our advisory fees. In contrast, we receive less, or no, compensation if assets remain in the current plan or are rolled over to another Company's plan in which you may participate.
Assets Under Management As of December 31, 2022, we provide continuous management services for $248,999,393 in client assets on a discretionary basis, and $5,202,244 in client assets on a non-discretionary basis. We also manage $9,313,453 in client assets on a non-continuous basis.