Cornerstone Advisors Asset Management, LLC

RIASEC RegisteredEst. 2006

Total AUM

$9.6B

Discretionary

$5B

52% of AUM

Avg account

$5M

Accounts

1,912

Employees

Advisory reps

Firm details

Headquarters: Bethlehem, Pennsylvania
CRD number: 138638
Registered since: January 4, 2006
Website: cornerstone-companies.com
Custodians: TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC, CHARLES SCHWAB & CO., INC., M&T SECURITIES, INC.
Fee structure: Percentage of AUM, Fixed Fees
Client types: Pension & Profit Sharing Plans43.01%
Charitable Organizations20.35%
State / Municipal Government17%
HNWI14.37%
Insurance Companies2.76%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Cornerstone Advisors Asset Management, LLC is an independent registered investment adviser organized as an LLC and SEC-registered since 2006. The firm serves both individual/family and institutional clients and describes itself as a capital allocator that also selects and oversees outside managers. Primary services include financial planning, portfolio management for individuals, small businesses and institutions, pension consulting, and the selection of other advisers. Fee arrangements include both percentage-of-AUM and fixed-fee models. The firm is not an active ESG investor and lists an affiliation with an insurance company. Cornerstone received recognition on FA Magazine’s Top RIA Firms list in 2020.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Public Funds/Mutual Funds77%
Other19%
Cash & Cash Equivalents4%

Owners & executives

3 of 3

Kevin Karpuk
Chief Executive OfficerCRD 4442939
Thomas Scalici
Chief Executive OfficerCRD 1520689
Christopher Mckinley
Chief Compliance Officer & Director of TechnologyCRD 5693671