Cornerstone Advisors Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year.
Cornerstone Advisors Asset Management reports 764 clients. They include 282 individual clients, 252 high-net-worth individuals and 97 charitable organizations. Of its assets, 52.0% ($4.98B across 1,748 accounts) are managed with discretion; $4.59B across 164 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 37% | 1% |
| High-net-worth individuals | 33% | 14% |
| Pension and profit-sharing plans | 13% | 43% |
| Charitable organizations | 13% | 20% |
| State or municipal government entities | 3% | 17% |
| Other client typesInsurance companies; Corporations and other businesses | 2% | 4% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 282 | $110M | 1.1% | $390K |
| High-net-worth individuals | 252 | $1.38B | 14.4% | $5.46M |
| Pension and profit-sharing plans | 96 | $4.12B | 43.0% | $42.9M |
| Charitable organizations | 97 | $1.95B | 20.3% | $20.1M |
| State or municipal government entities | 21 | $1.63B | 17.0% | $77.5M |
| Insurance companies | Fewer than 5 | $264M | 2.8% | — |
| Corporations and other businesses | 16 | $130M | 1.4% | $8.12M |
| Total | 764 | $9.57B | 100% | — |
- Clients
- 282
- Regulatory AUM
- $110M
- AUM share
- 1.1%
- Avg. per client
- $390K
- Clients
- 252
- Regulatory AUM
- $1.38B
- AUM share
- 14.4%
- Avg. per client
- $5.46M
- Clients
- 96
- Regulatory AUM
- $4.12B
- AUM share
- 43.0%
- Avg. per client
- $42.9M
- Clients
- 97
- Regulatory AUM
- $1.95B
- AUM share
- 20.3%
- Avg. per client
- $20.1M
- Clients
- 21
- Regulatory AUM
- $1.63B
- AUM share
- 17.0%
- Avg. per client
- $77.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $264M
- AUM share
- 2.8%
- Avg. per client
- —
- Clients
- 16
- Regulatory AUM
- $130M
- AUM share
- 1.4%
- Avg. per client
- $8.12M
Total
- Clients
- 764
- Regulatory AUM
- $9.57B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Cornerstone Advisors Asset Management is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Cornerstone Benefits, Inc. owns 75% or more of Cornerstone Advisors Asset Management and is in turn owned by Cornerstone Benefits, Inc. Employee Stock Ownership Trust (75% or more). The leadership team of Cornerstone Advisors Asset Management includes President Malcolm Cowen and Chief Compliance Officer Christopher McKinley. It has 34 employees, 26 of them in advisory roles.
Staff
- 34 employees
- 26 in advisory functions
- 22 state-registered reps
- 25 broker-dealer reps
- 13 insurance agents
- 1 soliciting firm
- Owns 75% or more of Cornerstone Advisors Asset Management, LLC
Cornerstone Benefits, Inc.
Control person · since July 2016
- Owns 75% or more of Cornerstone Benefits, Inc.
Cornerstone Benefits, Inc. Employee Stock Ownership Trust
Control person · since September 2016
Miguel Paredes
Trustee · Control person · since March 2022
Cornerstone Advisors Asset Management’s regulatory assets grew from $6.88B (March 2021) to $9.57B (March 2026); clients rose from 564 to 764 and employees from 29 to 34.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $9.57B | 764 | 34 | 1 |
| Feb 2025February 2025 | $8.3B | 741 | 33 | 1 |
| Mar 2024March 2024 | $7.42B | 702 | 31 | 1 |
| Jul 2023July 2023 | $6.64B | 669 | 32 | 1 |
| Mar 2022March 2022 | $7.61B | 605 | 31 | 1 |
| Mar 2021March 2021 | $6.88B | 564 | 29 | 1 |
Besides its headquarters, Cornerstone Advisors Asset Management has 0 offices, with 1 listed address in 1 state.
Pennsylvania · 1 listed address
- 74 West Broad Street, Suite 340, BethlehemHQ
Contact and registration details
- Legal name
- Cornerstone Advisors Asset Management, LLC
- Headquarters
- 74 West Broad Street, Suite 340, Bethlehem, PA 18018
- Website
- cornerstone-companies.com
- Phone
- 610-694-0900
- SEC file
- 801-65091
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Cornerstone Advisors Asset Management’s named custodians for separately managed accounts are Tiaa-Cref Individual & Institutional Services ($2.18B, 44%), Charles Schwab ($1.52B, 31%) and Manufacturers and Traders Trust ($1.25B, 25%). Cornerstone Advisors Asset Management has custody of $259M for 142 clients.
- Tiaa-Cref Individual & Institutional ServicesTiaa-Cref Individual & Institutional Services, LLC · New York, NY · $2.18B44%
- Manufacturers and Traders TrustManufacturers and Traders Trust Company · Buffalo, NY · $1.25B25%
- Charles SchwabCharles Schwab · San Francisco, CA · $1.52B31%
At year end, Cornerstone Advisors Asset Management’s separately managed accounts were mostly in funds (77%). Its reported 13F holdings for the quarter ended 30 June 2026 total $765M across 133 positions; the largest are Schwab Strategic TR (14.2%), SPDR Series Trust (8.5%) and Vanguard Intl Equity Index F (7.9%).
What the accounts hold
- Funds77%
- Cash4%
- Other19%
- Assets categorized as "other" largely comprise the 3rd party money managers that cornerstone hires and fires on behalf of our clients in certain portfolios.19%
How many clients does Cornerstone Advisors Asset Management have?
Cornerstone Advisors Asset Management has 764 clients and manages $9.57 billion for them, as of March 2026. They include 282 individual clients, 252 high-net-worth individuals and 97 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Cornerstone Advisors Asset Management offer?
Cornerstone Advisors Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cornerstone Advisors Asset Management use?
Cornerstone Advisors Asset Management’s separately managed account assets are held at Tiaa-Cref Individual & Institutional Services, LLC (New York, NY), with $2.18B, Charles Schwab (San Francisco, CA), with $1.52B and Manufacturers and Traders Trust Company (Buffalo, NY), with $1.25B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Cornerstone Advisors Asset Management have?
Cornerstone Advisors Asset Management has 22 investment adviser representatives registered with state securities authorities, out of 34 employees, and 26 perform investment advisory functions. 25 employees are registered representatives of a broker-dealer and 13 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cornerstone Advisors Asset Management invest in?
At the end of its last fiscal year, Cornerstone Advisors Asset Management’s separately managed accounts held 77% registered funds (mutual funds, ETFs, BDCs), 19% other and 4% cash and equivalents. The 19% other category is described as: Assets Categorized As "Other" Largely Comprise the 3rd Party Money Managers That Cornerstone Hires and Fires on Behalf of Our Clients in Certain Portfolios.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cornerstone Advisors Asset Management?
Cornerstone Advisors Asset Management’s direct owner is Cornerstone Benefits, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Cornerstone Advisors Asset Management get paid?
Cornerstone Advisors Asset Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Cornerstone Advisors Asset Management?
Cornerstone Advisors Asset Management’s main office is at 74 West Broad Street, Suite 340, Bethlehem, PA 18018. Its phone number is 610-694-0900. Its website is cornerstone-companies.com.
