Cornerstone Advisors Asset Management, LLC

RIASEC Registered

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 RIA organized as an LLC that acts as a capital allocator for both individual/family and institutional clients. The firm is registered with the SEC (registered in 2006) and offers advisory services that include financial planning, portfolio management for individuals, small businesses and institutions, pension consulting, and the selection of other advisers. Its fee model combines percentage-of-AUM billing with fixed fees. Cornerstone does not present itself as an active ESG investor. The firm was recognized by FA Magazine in 2020 as a Top RIA Firm.