BETHLEHEM, PA— Cornerstone Advisors Asset Management, Inc., an investment advisory firm that specializes in consulting to successful institutions and high net worth individuals, announced today that it was recognized as one of PLANADVISER's Top 100 Retirement Plan Adviser Teams.
"This is a great honor for our team,” says Tom Scalici, Chief Executive Officer of Cornerstone. "The application process not only looked at total assets and number of plans; it evaluated client feedback and satisfaction as well. We're proud of our team’s undivided loyalty to our clients—it's representative of our commitment to being true fiduciaries and delivering on the promises we make.”
The Adviser Team includes Cornerstone's Thomas Scalici, Malcolm “Skip” Cowen, Kevin Karpuk, Sean Lyons, Chris Lakatosh, and Tiffany Gilbert. This recognition was for the category of teams that currently manage between $2 billion and $3 billion in qualified plan assets.
"The significance of this award is a testament to those we serve," Scalici says. "They understand there's a huge difference between working with a multi-disciplinary team of specialists experienced in every facet of retirement planning versus a broker or advisor whose sole focus is on investment performance."
According to PLANADVISER.com, the award highlights the quantitative standouts, in terms of dollar value of qualified plan assets under advisement as well as number of plans under advisement, and also draws attention to those who have a demonstrable presence, defined as having more than 15% of their practice focused on 403(b) plans, defined benefit plans, nonqualified plans, or 457 plans.
"Our open architecture business model also allows us to work with virtually any product provider in the marketplace, allowing us to be unbiased in our recommendations," Scalici adds. "We've always felt it was our legal and moral obligation to act solely in the interest of our clients and their beneficiaries. This viewpoint guides our decision-making when selecting other service providers for the plan."
Cornerstone was also recognized in the Defined Benefit category.
Experienced retirement plan advisers are an essential resource for organizations and individuals alike. Cornerstone's business model is founded on the idea that they work on the same side of the table as their clients. Therein lies the secret of Cornerstone's success.
Cornerstone Advisors Asset Management, Inc. is a 20 person firm based in Bethlehem, PA and, along with its affiliate Cornerstone Institutional Investors, Inc., consults to $3.75+ billion in assets for their clients. Cornerstone Advisors Asset Management, Inc. ranked as the 26th largest Registered Investment Advisor (RIA) in the nation according to the 2011 Financial Advisor Magazine RIA Ranking.
For more information about Cornerstone, contact us at 800-923-0900 or visit us at www.cornerstone-companies.com.