Cornerstone Advisors Asset Management, LLC began offering investment services in 1998 and has continuously offered investment advisory services since that time. The firm is 100% owned by Cornerstone Benefits, Inc. (“CBI”), a Pennsylvania registered corporation. CBI is 100% owned by Cornerstone’s employees through an Employee Stock Ownership Plan (“ESOP”) trust called the Cornerstone Benefits, Inc. Employee Stock Ownership Trust. The Trustee is Miguel Paredes of Prudent Fiduciary Services, LLC. As of December 31st, 2023, Cornerstone manages a total of $7,416,501,874 in client assets of which $3,792,146,204 are discretionary assets and $3,624,355,670 are non- discretionary assets. Cornerstone provides investment advisory services for institutional clients (i.e., defined benefit and defined contribution plans, foundations and endowments, corporations, not-for-profit organizations, and public funds) and individual clients (i.e., natural persons, families, personal trusts, family partnerships and limited liability companies). The common factor among these clients is their obligation or desire to implement a “best practices” fiduciary investment solution designed to produce above average risk-adjusted returns based on their risk profile. The common thread tying together our services whether we are working with private clients who need to fund their lifestyles or institutions with defined benefit obligations, endowment spending requirements, or other liabilities is that our focus is on risk management, asset allocation, portfolio monitoring and fee transparency. We prefer to be retained as a full-service investment consultant by each client; however, you can engage Cornerstone in any one or multiple lines of business because of our open architecture platform. An open architecture platform, which means striving to hire “best in class” service providers for management, brokerage, custody, recordkeeping, etc., allows you to achieve a high level of flexibility. This flexibility enables us to work with you to develop investment policies that are tailored to your specific needs in every aspect of your investment solution. Cornerstone can design portfolios tailored to clients who may have certain restrictions (for example, socially conscious investing). Our clientele’s requirement of flexibility has led Cornerstone to make substantial investments in technology so that reporting and monitoring can be customized to suit your needs. Institutional Investment Management Consulting Cornerstone provides comprehensive investment consulting services designed to ensure that clients are meeting their fiduciary responsibility as defined by ERISA (Employee Retirement Income Security Act), UPIA (Uniform Prudent Investor Act), UPMIFA (Uniform Prudent Management of Institutional Funds Act), MPERS (Uniform Management of Public Employee Retirement Systems Act), or other pertinent laws. The services listed below are generally a core part of Cornerstone’s Investment Management consulting:
• Asset Management Services
• Investment Policy Management
• Performance Monitoring
• Risk Assessment
• Fiduciary Services
• Discretionary Management
• Vendor/Manager Due Diligence
• Performance and Attribution Measurement

Retirement Plan Consulting Our Retirement Planning practice works with you to develop different methods in which to retain employees through well designed compensation structures. We design, implement, and monitor defined contribution plans (i.e., 401(k), 403(b), 457(b), etc.), non-qualified deferred compensation plans, and incentive plans. Cornerstone assists clients with plan design, negotiating vendor contracts, managing asset allocation portfolios, policy development and monitoring, core menu fund selection, quarterly fiduciary reviews, plan communications, monitoring regulatory changes, annual educational goals, and problem resolution support. In addition to the Investment Management Consulting services, the services listed below are generally a part of Cornerstone’s Retirement Plan Consulting:
• Fiduciary Training
• Plan Sponsor Support
• Participant Support Services
• Service Provider Related Services Planned Giving Services Cornerstone helps our not-for-profit clients manage assets gifted through planned giving strategies and works to manage them effectively for both the donor and the organization. Cornerstone has developed an efficient, turnkey solution for these institutions that utilizes our open architecture investment platform with administration provided by PG Calc, a leader in the industry. This solution includes Investment Management, Administration, Gift Design, Audit Support, and Gift Payments. Private Wealth Services Cornerstone works with wealthy individuals and families to provide discretionary investment advisory services. These services are similar to those provided in our Institutional Investment Management consulting practice but tailored to meet the unique needs of wealthy individuals. Services start with creating an Investment Policy Statement to provide the framework for our services and continues with ongoing investment advisory services, reporting, and regular reviews. Financial Planning Cornerstone offers financial planning services to individuals that include personal financial planning, insurance and estate planning, capital needs analysis, tax and cash flow analysis, retirement income planning, investment analysis, and education planning. Financial planning information will be obtained through personal interviews with each client concerning their current financial status, future goals, and attitudes towards risk. Related documents that are supplied are carefully reviewed, along with data gathered. In most cases, a written report is issued. Executive Risk Management Our executive risk management services help organizations compensate their employees in a meaningful way, by designing plans to supplement income in excess of what is provided through their qualified plans, encouraging retention and promoting their professional growth. At Cornerstone, we work with our clients to design packages that strengthen the core of their companies. Such plans might include:
• Deferred Compensation Plans
• Supplemental Executive Retirement Plans
• Post-Employment Liability Funding
• Executive Carve Out Plans
• ESOP Repurchase Obligation Plans Cornerstone does not offer wrap accounts.