DFX Intelligence

Data Factory

RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

CORNERSTONE INSTITUTIONAL INVESTORS, LLC

CRD 44664

BETHLEHEM, PA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:21c12510-1ac9-e0dd-efb5-55d439046244

Data as of Mar 28, 2017 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 1:42 AM UTC and rebuilt at most every 15 minutes.

Relationships: 33
Dated events: 1
On other graphs: 0
Observed: Mar 27, 2012 to Mar 28, 2017
15 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $787MItem 5.F on the latest filing (2017-03-28); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $315M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 22
Advisory employees: 19
Accounts: 486
SEC number: 801-63342
CRD: 44664
Filings on the tape: 15
First filed: Mar 27, 2012
Latest filed: Mar 28, 2017
Organised: Limited Liability Company, Pennsylvania

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
CORNERSTONE BENEFITS, INC.	SOLE MEMBER	E	yes	07/2016	Dec 27, 2016	Mar 28, 2017
CORNERSTONE BENEFITS, INC. EMPLOYEE STOCK OWNERSHIP TRUST	Shareholder	E	yes	09/2016	Oct 3, 2016	Mar 28, 2017
COWEN, MALCOLM, LEE	PRESIDENT/MANAGER	Na	yes	11/1997	Mar 27, 2012	Mar 28, 2017
HORIZON BANK, N.A. DBA HORIZON TRUST	Trustee	F	yes	09/2016	Oct 3, 2016	Mar 28, 2017
KARPUK, KEVIN, (NMN)	CHIEF INVESTMENT OFFICER/MANAGER	Na	yes	01/2011	Mar 27, 2012	Mar 28, 2017
MCKINLEY, CHRISTOPHER, JOHN	CHIEF COMPLIANCE OFFICER/MANAGER	Na	yes	03/2015	Mar 27, 2012	Mar 28, 2017
SCALICI, THOMAS, JOSEPH	CEO/MANAGER	Na	yes	01/2000	Mar 27, 2012	Mar 28, 2017

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC	n/a	Other adviser	$9.6B	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2016	Mar 28, 2017	$787M	$315M	22	19	n/a	n/a	n/a
2015	Mar 23, 2016	$631M	$225M	22	20	n/a	n/a	n/a
2014	Mar 30, 2015	$590M	$197M	20	17	n/a	n/a	n/a
2013	Mar 27, 2014	$534M	$169M	18	15	n/a	n/a	n/a
2012	Mar 27, 2013	$445M	$141M	17	14	n/a	n/a	n/a
2011	Mar 27, 2012	$256M	$104M	n/a	n/a	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2016	$787M	$631M	24.7%	$534M	13.8%	22	22	n/a	n/a

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC	18	Dec 31, 2017	May 26, 2017	BETHLEHEM, PA	Firm absorbed	Other	94.7%

Relationships

Affiliated with (1)

→ CORNERSTONE ADVISORS ASSET MANAGEMENT, LLCRegistered adviserother investment adviser, LP sponsor, common control
factForm ADV

Controls (7)

← COWEN, MALCOLM, LEEOwnerPRESIDENT/MANAGER, ownership code NA, individual
Mar 27, 2012 to presentfactForm ADV
← SCALICI, THOMAS, JOSEPHOwnerCEO/MANAGER, ownership code NA, individual
Mar 27, 2012 to presentfactForm ADV
← KARPUK, KEVIN, (NMN)OwnerCHIEF INVESTMENT OFFICER/MANAGER, ownership code NA, individual
Mar 27, 2012 to presentfactForm ADV
← MCKINLEY, CHRISTOPHER, JOHNOwnerCHIEF COMPLIANCE OFFICER/MANAGER, ownership code NA, individual
Mar 27, 2012 to presentfactForm ADV
← CORNERSTONE BENEFITS, INC.OwnerSOLE MEMBER, ownership code E, domestic entity
Dec 27, 2016 to presentfactForm ADV
← CORNERSTONE BENEFITS, INC. EMPLOYEE STOCK OWNERSHIP TRUSTOwnerSHAREHOLDER, ownership code E, domestic entity
Oct 3, 2016 to presentfactForm ADV
← HORIZON BANK, N.A. DBA HORIZON TRUSTOwnerTRUSTEE, ownership code F, domestic entity
Oct 3, 2016 to presentfactForm ADV

Registered with (24)

← MALCOLM LEE COWENAdvisorregistration: previous registration
Jul 8, 2004 to Dec 31, 2017factForm ADV
← THOMAS JOSEPH SCALICIAdvisorregistration: previous registration
Jul 8, 2004 to Dec 31, 2017factForm ADV
← TIFFANY ANN GILBERTAdvisorregistration: previous registration
Jul 8, 2004 to Dec 31, 2017factForm ADV
← JENNIFER VALERIE BAUDERAdvisorregistration: previous registration
Dec 21, 2015 to Dec 31, 2017factForm ADV
← KEVIN (NMN) KARPUKAdvisorregistration: previous registration
Jul 8, 2004 to Dec 31, 2017factForm ADV
← MICHAEL JOSEPH ZAMBELLIAdvisorregistration: previous registration
Sep 3, 2015 to Dec 31, 2017factForm ADV
← CHRISTOPHER WILLIAM LAKATOSHAdvisorregistration: previous registration
Jul 12, 2004 to Dec 31, 2017factForm ADV
← RYAN D WOODAdvisorregistration: previous registration
Jul 8, 2004 to Dec 31, 2017factForm ADV
← BRIAN DANIEL BOBECKAdvisorregistration: previous registration
May 12, 2011 to Dec 31, 2017factForm ADV
← RITA DANIELLE MILLERAdvisorregistration: previous registration
Jul 18, 2005 to Dec 31, 2017factForm ADV
← TYLER JAMES PAPAZAdvisorregistration: previous registration
Jul 31, 2013 to Dec 31, 2017factForm ADV
← ERIK TRAVIS LENTZAdvisorregistration: previous registration
Jun 16, 2017 to Dec 31, 2017factForm ADV
← TREVOR MARKWOOD REIDAdvisorregistration: previous registration
Sep 15, 2009 to Dec 31, 2017factForm ADV
← JESSICA MARIE LONGAdvisorregistration: previous registration
Aug 7, 2012 to Dec 31, 2017factForm ADV
← Derek Michael SchwartzAdvisorregistration: previous registration
Jan 13, 2017 to Dec 31, 2017factForm ADV
← CHRISTOPHER JOHN MCKINLEYAdvisorregistration: previous registration
Jan 6, 2015 to Dec 31, 2017factForm ADV
← ANGELA NICOLE OSTEAdvisorregistration: previous registration
May 15, 2013 to Dec 31, 2017factForm ADV
← WHITNEY ROSE BATESAdvisorregistration: previous registration
Dec 2, 2015 to Dec 31, 2017factForm ADV
← Evan James CowenAdvisorregistration: previous registration
May 26, 2017 to Dec 31, 2017factForm ADV
← PHYLLIS ANN WILLIAMSAdvisorregistration: previous registration
Jul 18, 2014 to Aug 19, 2014factForm ADV
← Sean LyonsAdvisorregistration: previous registration
Aug 31, 2004 to Apr 23, 2013factForm ADV
← AMY TONEAdvisorregistration: previous registration
Jan 24, 2008 to Jan 15, 2010factForm ADV
← MARTIN DUPAY BURCHAdvisorregistration: previous registration
May 6, 2008 to Sep 9, 2008factForm ADV
← Donald Lloyd WilliamsAdvisorregistration: previous registration
Jul 8, 2004 to Jan 24, 2006factForm ADV

Moved with (1)

→ CORNERSTONE ADVISORS ASSET MANAGEMENT, LLCRegistered adviser18 advisors, firm absorbed, same day
Dec 31, 2017 to May 26, 2017factForm ADV

Dated events

Occurred
Aug 2, 2016
Succession filed (Item 4)
Cornerstone Institutional Investors, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
Form ADVobserved 3 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:21c12510-1ac9-e0dd-efb5-55d439046244
First observed: Mar 27, 2012
Last observed: Mar 28, 2017 115 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

CORNERSTONE INSTITUTIONAL INVESTORS, LLC

CRD 44664

BETHLEHEM, PA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:21c12510-1ac9-e0dd-efb5-55d439046244

Data as of Mar 28, 2017 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 1:42 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

CORNERSTONE BENEFITS, INC.

SOLE MEMBER

yes

07/2016

Dec 27, 2016

Mar 28, 2017

CORNERSTONE BENEFITS, INC. EMPLOYEE STOCK OWNERSHIP TRUST

Shareholder

yes

09/2016

Oct 3, 2016

Mar 28, 2017

COWEN, MALCOLM, LEE

PRESIDENT/MANAGER

yes

11/1997

Mar 27, 2012

Mar 28, 2017

HORIZON BANK, N.A. DBA HORIZON TRUST

Trustee

yes

09/2016

Oct 3, 2016

Mar 28, 2017

KARPUK, KEVIN, (NMN)

CHIEF INVESTMENT OFFICER/MANAGER

yes

01/2011

Mar 27, 2012

Mar 28, 2017

MCKINLEY, CHRISTOPHER, JOHN

CHIEF COMPLIANCE OFFICER/MANAGER

yes

03/2015

Mar 27, 2012

Mar 28, 2017

SCALICI, THOMAS, JOSEPH

CEO/MANAGER

yes

01/2000

Mar 27, 2012

Mar 28, 2017

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC

n/a

Other adviser

$9.6B

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2016

Mar 28, 2017

$787M

$315M

n/a

2015

Mar 23, 2016

$631M

$225M

n/a

2014

Mar 30, 2015

$590M

$197M

n/a

2013

Mar 27, 2014

$534M

$169M

n/a

2012

Mar 27, 2013

$445M

$141M

n/a

2011

Mar 27, 2012

$256M

$104M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2016

$787M

$631M

24.7%

$534M

13.8%

n/a

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC

Dec 31, 2017

May 26, 2017

BETHLEHEM, PA

Firm absorbed

Other

94.7%