CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC
Adviser information for CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC last updated from Form ADV on March 27th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Pennsylvania, United States |
Employees
| Total Number of Employees | 31 |
|---|---|
| Investment Advisory/Research | 23 |
| Registered Broker-Dealer Representatives | 24 |
| Registered State Investment Advisers | 23 |
| Licensed Agents of an Insurance Company | 12 |
| No. of Firms/People that Solicit Clients | 1 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1,565 | $3.8B |
| Non-Discretionary | 169 | $3.6B |
| Total | 1,734 | $7.4B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 286 | $113.3M |
| HNW Individuals | 195 | $989.7M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 98 | $3.2B |
| Charitable organizations | 86 | $1.4B |
| State or municipal gov entities | 21 | $1.4B |
| Other investment advisers | 0 | $0 |
| Insurance companies | <5 | $224.5M |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 16 | $97.4M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 11-25 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMFixed fees |
Identifiers
| SEC RIA File Number | 801-65091 |
|---|---|
| SEC ERA File Number | 801-65091 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 138638 |
| Legal Entity Identifier | None |
Principal Office
74 WEST BROAD STREET, SUITE 340BETHLEHEM
PA
United States
Monday - Friday, 8:30 AM - 5:00 PM
Tel: (610) 694-0900, Fax: (610) 867-8614
Chief Compliance Officer
CHRISTOPHER J. MCKINLEY
MANAGER
74 WEST BROAD ST, SUITE 340
BETHLEHEM
PA
United States
Tel:
(610) 694-0900
Fax:
(610) 867-8614
C********@************************M
(Full email address available in API data)
Regulatory Contact
JESSICA LONG
DIRECTOR OF INVESTMENT OPERATIONS
74 WEST BROAD STREET
SUITE 340
BETHLEHEM
PA
United States
Tel:
610-694-0900
Fax:
610-867-8614
J****@************************M
(Full email address available in API data)
Industry Affiliates
| CORNERSTONE INSTITUTIONAL INVESTORS, LLC | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| COWEN, MALCOLM, LEE | Individual | – | PRESIDENT/MANAGER | 01/2006 | < 5% |
| SCALICI, THOMAS, JOSEPH | Individual | – | CEO/MANAGER | 01/2006 | < 5% |
| KARPUK, KEVIN, (NMN) | Individual | – | CHIEF INVESTMENT OFFICER/MANAGER | 08/2010 | < 5% |
| MCKINLEY, CHRISTOPHER, JOHN | Individual | – | CHIEF COMPLIANCE OFFICER/MANAGER | 03/2015 | < 5% |
| CORNERSTONE BENEFITS, INC. | Domestic Entity | – | SOLE MEMBER | 07/2016 | > 75% |
| CORNERSTONE BENEFITS, INC. EMPLOYEE STOCK OWNERSHIP TRUST | Domestic Entity | CORNERSTONE BENEFITS, INC. | SHAREHOLDER | 09/2016 | > 75% |
| MIGUEL PAREDES | Domestic Entity | CORNERSTONE BENEFITS, INC. EMPLOYEE STOCK OWNERSHIP TRUST | TRUSTEE | 03/2022 |