Goldstone Financial Group

Investment decisions are led by President Michael Pellegrino and founder Anthony Pellegrino. The firm operates as a principal-led registered investment advisor, meaning the Pellegrinos sit on the investment committee and directly shape portfolio strategy. This contrasts with larger platforms where investment policy is set by a centralized home office separate from client-facing advisors.

Goldstone focuses on managed equity and fixed-income portfolios, often supplemented by insurance-based products such as fixed and variable annuities. The firm emphasizes income generation and principal preservation for clients who are near or in retirement. Portfolios typically use third-party custodians, with Goldstone acting as the discretionary manager.

Goldstone is not a family office. It is a registered investment advisor serving external clients, predominantly mass-affluent and high-net-worth individuals. Anthony Pellegrino founded the firm in 2000 and his son Michael now serves as President, giving the practice a family-operated character — but the business is a retail wealth management firm, not a vehicle for managing Pellegrino family capital.

Goldstone operates from its headquarters in Oakbrook Terrace, Illinois, a western suburb of Chicago, with a second office in Nashville, Tennessee. The dual-office arrangement serves a client base concentrated in the Midwest and the Southeast, with the Nashville location targeting the region's growing retiree and pre-retiree population.

No. Goldstone's investment activities center on public-market securities, fixed-income instruments, and insurance-based retirement products. The firm does not operate as a venture investor, private equity fund sponsor, or direct-deal platform. Its deployment is fully oriented toward retail retirement portfolios.

Public records indicate Goldstone has not accepted outside institutional investment or sold equity to a private-equity-backed RIA aggregator. The firm remains owner-operated by the Pellegrino family. This distinguishes Goldstone from the growing number of independent RIAs that have recapitalized with firms like CI Financial, Mercer Advisors, or Hightower.

Goldstone presents itself as a fiduciary advisory, meaning the firm holds a legal obligation to act in its clients' best interests on investment recommendations. This is a differentiating claim in a retail advisory industry where some competitors operate under a less stringent suitability standard. As a registered investment advisor, Goldstone is subject to the SEC's fiduciary rule for advisory relationships.