Firestone Capital Management Inc

Firestone Capital Management, Inc. is a Registered Investment Advisor established in 1991 and located in Coral Gables, FL. The firm specializes in wealth management, offering services such as portfolio management, financial planning, and investment advisory services to various clients, including individuals, families, pension plans, charitable organizations, and corporations. As of December 31, 2024, the firm manages approximately $707.7 million in discretionary assets. Clients are required to have a minimum asset size of $1,000,000 to open an account, although exceptions may be made at the firm's discretion. Firestone Capital Management operates as a fee-only firm, charging fees based on assets under management. The fee structure is tiered, with annual fees typically starting at 1.00% for the first $1,000,000 and decreasing for higher asset levels. Financial planning services are also offered at an hourly rate of $350, with fees varying based on the complexity of the engagement. The firm's investment strategy focuses on global asset allocation, diversification, and long-term holding periods. They use a variety of securities, including mutual funds, ETFs, and individual bonds. Firestone Capital Management emphasizes a fiduciary duty to act in the best interests of clients, as outlined by the CFP® Board of Standards and the CFA Institute. The firm does not charge performance-based fees and does not engage in proxy voting on behalf of clients. Clients retain the right to place restrictions on investment discretion, and the firm does not hold custody of client assets, which are custodied with Charles Schwab & Co., Inc.