DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Cornerstone Advisors Asset Management, LLC
Latest filing Mar 26, 2026
First filing on the tape Mar 28, 2012 · 32 filings
SEC status approved since Jan 4, 2006
RAUM
$9.6B
reported, Item 5.F
Discretionary
52%
of RAUM
Private clients
16%
$1.5B individuals and HNW
Advisors
25
registered through the firm on IAPD
RAUM per advisor
$383M
derived; firm RAUM over IAPD count
Employees
34
26 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$9.6B as of Mar 26, 2026
Mar 28, 2012$3.8B then
HNW client RAUM$1.4B as of Mar 26, 2026
Mar 23, 2018$765M then
State-registered IARs (5.B.3)22 as of Mar 26, 2026
Mar 27, 201313 then
Employees (5.A)34 as of Mar 26, 2026
Mar 27, 201317 then
Private funds: no history
RAUM +15% over the last fiscal year+13% a year over threeIARs 23 to 22
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $383MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 21derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.5MderivedHNW RAUM over HNW clients
- Average account
- $5.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 52%derivedof RAUM
- Institutional
- 83%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 25.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- -4.3%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.3%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $259M, 142 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$4.1B43%
- Charitable organizations$1.9B20%
- State and municipal entities$1.6B17%
- High-net-worth individuals$1.4B14%
- Insurance companies$264M2.8%
- Corporations and businesses$130M1.4%
- Individuals$110M1.1%
- Individual clients
- 282reported
- HNW clients
- 252reported
- Pension plan clients
- 96reported
- Charitable clients
- 97reported
- Accounts
- 1,912reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $259M for 142 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.16 fund_share=0.0 institutional_share=0.83 related_bd=false related_bank=false bd_reps=25.0derived
Advisors registered through the firm
25 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Malcolm Lee CowenCertified Financial Planner | Bethlehem, Pa | Feb 9, 2006 | 44 y | 3 |
| Kevin (Nmn) KarpukChartered Financial Analyst | Bethlehem, Pa | Feb 9, 2006 | 25 y | 2 |
| Tiffany Ann GilbertChartered Financial Consultant | Bethlehem, Pa | Feb 9, 2006 | 28 y | 2 |
| Christopher William Lakatosh | Bethlehem, Pa | Feb 9, 2006 | 24 y | 1 |
| Ryan D Wood | Bethlehem, Pa | Feb 9, 2006 | 24 y | 2 |
| Rita Danielle Miller | Bethlehem, Pa | Feb 9, 2006 | 21 y | 2 |
| Thomas Joseph ScaliciCertified Financial Planner | Bethlehem, Pa | Feb 9, 2006 | 40 y | 3 |
| Trevor Markwood Reid | Bethlehem, Pa | May 12, 2011 | 17 y | 1 |
| Angela Nicole Oste | Bethlehem, Pa | Jun 12, 2014 | 15 y | 1 |
| Tyler James Papaz | Bethlehem, Pa | Jun 17, 2014 | 21 y | 2 |
| Christopher John Mckinley | Bethlehem, Pa | Jan 7, 2015 | 19 y | 1 |
| Michael Joseph ZambelliCertified Financial Planner | Bethlehem, Pa | Sep 4, 2015 | 24 y | 4 |
| Whitney Rose Bates | Bethlehem, Pa | Dec 3, 2015 | 12 y | 1 |
| Jennifer Valerie Bauder | Bethlehem, Pa | Jan 7, 2016 | 11 y | 1 |
| Evan James Cowen | Bethlehem, Pa | May 26, 2017 | 10 y | 1 |
| Erik Travis Lentz | Bethlehem, Pa | Jun 15, 2017 | 19 y | 3 |
| John Paul Michael Cavaliere | Bethlehem, Pa | Feb 19, 2020 | 14 y | 0 |
| Ryan Matthews | Bethlehem, Pa | Sep 22, 2020 | 17 y | 0 |
| Caroline L Wieand | Bethlehem, Pa | Jul 7, 2021 | 10 y | 1 |
| Amanda Joan KeslerChartered Financial Analyst | Bethlehem, Pa | Dec 1, 2023 | 22 y | 0 |
| Steven Charles KuterCertified Financial Planner | Bethlehem, Pa | Sep 26, 2024 | 18 y | 2 |
| Derrick K Angradi | New Port Richey, Fl | Jun 18, 2025 | 15 y | 0 |
| Andrew Jeff Livesey | Bethlehem, Pa | May 7, 2026 | 13 y | 0 |
| Dianne Pagano MangesChartered Financial Analyst | Bethlehem, Pa | Jun 2, 2026 | 27 y | 3 |
| Timothy Thomas Kudla | Bethlehem, Pa | Jun 5, 2026 | 12 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount3 left over 36 months
Left, latest
- Jeffrey Hummel to Ameriprise Financial Services, LLCAug 18, 2025 · Other
- Jessica Marie Long to Blbb AdvisorsAug 21, 2024 · Other
- Brian Daniel Bobeck to M Holdings Securities, Inc.Feb 14, 2024 · Other
- Mihir Shital Saudagar to Commonwealth Financial NetworkAug 7, 2023 · Other
- Sergio Daniel Rodriguez to Osaic Fa, Inc.Jan 23, 2023 · Other
- Derek Michael Schwartz to Schwab Wealth Advisory, Inc.Jun 3, 2021 · Other
- Bradley Robert Yocum to Advisors Asset Management, Inc.Apr 5, 2021 · Other
- Phyllis Ann Williams to Park Avenue Securities LLCAug 19, 2014 · Other
- Sean Lyons to Cornerstone Financial Consultants LtdApr 23, 2013 · Other
- Martin Dupay Burch to Cornerstone Institutional Investors, LLCSep 9, 2008 · Other
Joined, latest
- Dianne Pagano Manges from Bb&T Institutional Investment Advisers, Inc.Jun 2, 2026 · Other
- Steven Charles Kuter from Vanguard Advisers, Inc.Sep 26, 2024 · Other
- Mihir Shital Saudagar from M Holdings Securities, Inc.Dec 3, 2021 · Other
- Caroline L Wieand from Janney Montgomery Scott LLCJul 7, 2021 · Other
- Sergio Daniel Rodriguez from Vanguard Advisers, Inc.Apr 28, 2020 · Other
- Bradley Robert Yocum from Nuveen Asset Management, LLCMar 25, 2019 · Other
- Erik Travis Lentz from Ameriprise Financial Services, LLCJun 15, 2017 · Other
- Phyllis Ann Williams from Cornerstone Institutional Investors, LLCJul 21, 2014 · Other
- Martin Dupay Burch from Nationwide Investment Advisors, LLCMay 6, 2008 · Other
- Sean Lyons from Ycs Asset Management, Inc.Feb 9, 2006 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 18 joined from Cornerstone Institutional Investors, LLCDec 31, 2017 · Bethlehem, Pa · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lee Malcolm Cowen · President/Managercontrolsince 01/2006 · owns less than 5%
- (Nmn) Kevin Karpuk · Chief Investment Officer/Managercontrolsince 08/2010 · owns less than 5%
- John Christopher Mckinley · Chief Compliance Officer/Managercontrolsince 03/2015 · owns less than 5%
- Joseph Thomas Scalici · Ceo/Managercontrolsince 01/2006 · owns less than 5%
Entity owners
- Cornerstone Benefits, Inc. · Sole Memberdirect · owns 75% or more
- Cornerstone Benefits, Inc. Employee Stock Ownership Trust · Shareholderindirect · owns 75% or more of Cornerstone Benefits, Inc.
- Miguel Paredes · Trusteeindirect · owns F of Cornerstone Benefits, Inc. Employee Stock Ownership Trust
Related persons
Schedule D 7.A
- Cornerstone Institutional Investors, LLCreal estaten
Advisers that list Cornerstone Advisors Asset Management, LLC as a related person
- 44664 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bethlehem, Pa · principal | 25 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,841 to 1,912Feb 27, 2025 to Mar 26, 2026
- Advisory employees · 23 to 26Feb 27, 2025 to Mar 26, 2026
- Charity clients · 93 to 97Feb 27, 2025 to Mar 26, 2026
- HNW clients · 221 to 252Feb 27, 2025 to Mar 26, 2026
- Individual clients · 291 to 282Feb 27, 2025 to Mar 26, 2026
- Pension plan clients · 97 to 96Feb 27, 2025 to Mar 26, 2026
- Assets in custody · $232M to $259MFeb 27, 2025 to Mar 26, 2026
- Employees · 33 to 34Feb 27, 2025 to Mar 26, 2026
- Financial planning clients · 11-25 to 26-50Feb 27, 2025 to Mar 26, 2026
- State-registered IARs · 23 to 22Feb 27, 2025 to Mar 26, 2026
- Discretionary RAUM · $4.3B to $5.0BFeb 27, 2025 to Mar 26, 2026
- HNW RAUM · $1.2B to $1.4BFeb 27, 2025 to Mar 26, 2026
- Individual RAUM · $115M to $110MFeb 27, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $4.0B to $4.6BFeb 27, 2025 to Mar 26, 2026
- Pension RAUM · $3.5B to $4.1BFeb 27, 2025 to Mar 26, 2026
- RAUM · $8.3B to $9.6BFeb 27, 2025 to Mar 26, 2026
- Accounts · 1,734 to 1,841Mar 27, 2024 to Feb 27, 2025
- BD registered reps · 24 to 25Mar 27, 2024 to Feb 27, 2025
- Charity clients · 86 to 93Mar 27, 2024 to Feb 27, 2025
- HNW clients · 195 to 221Mar 27, 2024 to Feb 27, 2025
- Individual clients · 286 to 291Mar 27, 2024 to Feb 27, 2025
- Pension plan clients · 98 to 97Mar 27, 2024 to Feb 27, 2025
- Assets in custody · $194M to $232MMar 27, 2024 to Feb 27, 2025
- Employees · 31 to 33Mar 27, 2024 to Feb 27, 2025
- Financial planning clients · 11-25 to 11-25Mar 27, 2024 to Feb 27, 2025
- Discretionary RAUM · $3.8B to $4.3BMar 27, 2024 to Feb 27, 2025
- HNW RAUM · $990M to $1.2BMar 27, 2024 to Feb 27, 2025
- Individual RAUM · $113M to $115MMar 27, 2024 to Feb 27, 2025
- Non-discretionary RAUM · $3.6B to $4.0BMar 27, 2024 to Feb 27, 2025
- Pension RAUM · $3.2B to $3.5BMar 27, 2024 to Feb 27, 2025
- RAUM · $7.4B to $8.3BMar 27, 2024 to Feb 27, 2025
- Accounts · 1,646 to 1,734Nov 14, 2023 to Mar 27, 2024
- Advisory employees · 24 to 23Nov 14, 2023 to Mar 27, 2024
- BD registered reps · 25 to 24Nov 14, 2023 to Mar 27, 2024
- HNW clients · 174 to 195Nov 14, 2023 to Mar 27, 2024
- Individual clients · 270 to 286Nov 14, 2023 to Mar 27, 2024
- Pension plan clients · 103 to 98Nov 14, 2023 to Mar 27, 2024
- Assets in custody · $120M to $194MNov 14, 2023 to Mar 27, 2024
- Employees · 32 to 31Nov 14, 2023 to Mar 27, 2024
- State-registered IARs · 24 to 23Nov 14, 2023 to Mar 27, 2024
Signals
7 dated events
- Jeffrey Hummel left Cornerstone Advisors Asset Management, Llc for Ameriprise Financial Services, Llc (registered 2025-09-24)Aug 18, 2025 · Advisor changed firm · fact
- Jessica Marie Long left Cornerstone Advisors Asset Management, Llc for Blbb Advisors (registered 2026-02-26)Aug 21, 2024 · Advisor changed firm · fact
- Brian Daniel Bobeck left Cornerstone Advisors Asset Management, Llc for M Holdings Securities, Inc. (registered 2024-02-14)Feb 14, 2024 · Advisor changed firm · fact
- Mihir Shital Saudagar left Cornerstone Advisors Asset Management, Llc for Commonwealth Financial Network (registered 2023-10-03)Aug 7, 2023 · Advisor changed firm · fact
- Sergio Daniel Rodriguez left Cornerstone Advisors Asset Management, Llc for Osaic Fa, Inc. (registered 2023-01-23)Jan 23, 2023 · Advisor changed firm · fact
- Cornerstone Advisors Asset Management, Llc reported RAUM $5.7B, up 35% from $4.2B (2017-08-23 to 2018-03-23)Mar 23, 2018 · RAUM change · derived
- Cornerstone Advisors Asset Management, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)Aug 2, 2016 · Succession (Item 4) · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/cornerstone-advisors-asset-management-lreportedpublic record, Form ADV, Sep 17, 2026
- Website
- cornerstone-companies.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (610) 694-0900reportedpublic record, Form ADV, Mar 26, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $383Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026