Cornerstone Advisors Asset Management, Llc
SEC-registered
Institutional / Pension Advisor · Mid-sized ($1B–$10B)
CRD 138638
· SEC file 801-65091
· Bethlehem, PA
· cornerstone-companies.com
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ADV data as of Mar 26, 2026
- Regulatory AUM
- $9.6B
- Discretionary
- $5.0B
- Clients
- 764
- Avg AUM / client
- $12.5M
- Accounts
- 1,912
- Employees
- 34
AUM over time
$3.8B
$9.6B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 282 | $110M | 1.15% |
| High net worth individuals | 252 | $1.4B | 14.4% |
| Pension and profit sharing plans | 96 | $4.1B | 43.0% |
| Charitable organizations | 97 | $1.9B | 20.3% |
| State or municipal government entities | 21 | $1.6B | 17.0% |
| Insurance companies | Fewer than 5 clients | $264M | 2.76% |
| Corporations and other businesses | 16 | $130M | 1.36% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (25)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Malcolm Lee Cowen | President/Manager | CFP | Jan 2006 (21y) | Less than 5% |
| Thomas Joseph Scalici | Ceo/Manager | CFP | Jan 2006 (21y) | Less than 5% |
| Kevin (Nmn) Karpuk | Chief Investment Officer/Manager | CFA | Feb 2006 (20y) | Less than 5% |
| Christopher John Mckinley | Chief Compliance Officer/Manager | Jan 2015 (12y) | Less than 5% | |
| Christopher William Lakatosh | Registered representative | Feb 2006 (20y) | ||
| Rita Danielle Miller | Registered representative | Feb 2006 (20y) | ||
| Ryan D Wood | Registered representative | Feb 2006 (20y) | ||
| Tiffany Ann Gilbert | Registered representative | Chartered Financial Consultant | Feb 2006 (20y) | |
| Trevor Markwood Reid | Registered representative | May 2011 (15y) | ||
| Angela Nicole Oste | Registered representative | Jun 2014 (12y) | ||
| Tyler James Papaz | Registered representative | Jun 2014 (12y) | ||
| Michael Joseph Zambelli | Registered representative | CFP | Sep 2015 (11y) | |
| Whitney Rose Bates | Registered representative | Dec 2015 (11y) | ||
| Jennifer Valerie Bauder | Registered representative | Jan 2016 (11y) | ||
| Evan James Cowen | Registered representative | May 2017 (9y) | ||
| Erik Travis Lentz | Registered representative | Jun 2017 (9y) | ||
| John Paul Michael Cavaliere | Registered representative | Feb 2020 (6y) | ||
| Ryan Matthews | Registered representative | Sep 2020 (6y) | ||
| Caroline L Wieand | Registered representative | Jul 2021 (5y) | ||
| Amanda Joan Kesler | Registered representative | CFA | Dec 2023 (3y) | |
| Steven Charles Kuter | Registered representative | CFP | Sep 2024 (2y) | |
| Derrick K Angradi | Registered representative | Jun 2025 (1y) | ||
| Andrew Jeff Livesey | Registered representative | May 2026 (0y) | ||
| Dianne Pagano Manges | Registered representative | CFA | Jun 2026 (0y) | |
| Timothy Thomas Kudla | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cornerstone Benefits, Inc. | Sole Member | Jul 2016 | A | 75% or more |
| Cornerstone Benefits, Inc. Employee Stock Ownership Trust | Shareholder | Sep 2016 | B | ≈ 56.25% – 100% via Cornerstone Benefits, Inc. |
| Miguel Paredes | Trustee | Mar 2022 | B | GP / trustee / elected manager of Cornerstone Benefits, Inc. Employee Stock Ownership Trust (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Cornerstone Benefits, Inc. Employee Stock Ownership Trust: 75% – 100% of Cornerstone Benefits, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (26)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| L/B Water Service, Inc. 401(k) Plan | L/B Water Service, Inc. | 237 | $22.4M | 04/01/2024 |
| Moravian University Retirement Plan | Moravian University | 554 | $134M | 01/01/2024 |
| Chesapeake Bay Foundation, Inc. 403(b) Plan | Chesapeake Bay Foundation, Inc. | 234 | $38.8M | 01/01/2024 |
| Concern Professional Services 401(k) Plan | Concern Professional Services For Children, Youth And Families | 369 | $12.2M | 01/01/2024 |
| Gift Of Life Donor Program 403(b) Plan | Greater Delaware Valley Society Of Transplant Surgeons | 336 | $71.4M | 01/01/2024 |
| Palram 401(k) Plan | Palram Americas, Inc. | 181 | $8.8M | 01/01/2024 |
| Juniata College Retirement Plan | Juniata College | 344 | $138M | 01/01/2024 |
| Xavier University Defined Contribution Retirement Plan | Xavier University | 1,871 | $411M | 01/01/2024 |
| Lancaster County Motors, Inc. Savings Plan | Lancaster County Motors, Inc. | 186 | $13.1M | 01/01/2024 |
| Preston Management, Inc. 401(k) Profit Sharing Plan | Preston Management, Inc. | 370 | $22.2M | 01/01/2024 |
| Project Home 401(k) Plan | Project Home | 299 | $13.1M | 01/01/2024 |
| Allegheny College Defined Contribution Retirement Plan | Allegheny College | 456 | $152M | 01/01/2024 |
| Scenic Hudson, Inc. 403(b) Plan | Scenic Hudson, Inc | 73 | $15.8M | 01/01/2024 |
| Kessler Topaz Meltzer & Check, Llp 401(k) Profit Sharing Plan | Kessler, Topaz, Meltzer & Check, Llp | 187 | $58.4M | 01/01/2024 |
| Merakey 403(b) Plan | Merakey Usa | 5,501 | $155M | 01/01/2024 |
| Allen Organ Company Savings And Profit Sharing Plan | Allen Organ Company Llc | 129 | $19.0M | 01/01/2024 |
| The Warrell Corporation 401(k) Plan | The Warrell Corporation | 102 | $5.2M | 01/01/2024 |
| Good Shepherd Retirement Plan | Good Shepherd Rehabilitation Network | 2,152 | $179M | 01/01/2024 |
| Retirement Plan Of Creighton University | Creighton University | 3,738 | $684M | 01/01/2024 |
| Fraser Business Equipment Salary Deferral Plan | William A. Fraser, Inc. D/B/A Fraser Business | 174 | $14.6M | 01/01/2024 |
| Susquehanna University Retirement Plan | Susquehanna University | 507 | $159M | 01/01/2024 |
| Flexicon Corporation 401(k) Plan | Flexicon Corporation | 198 | $20.7M | 01/01/2024 |
| Wohlsen Construction Company 401(k) Plan | Wohlsen Construction Company | 325 | $41.0M | 01/01/2024 |
| Community Service Society Of New York 403(b) Plan | Community Service Society Of New York 403(b) Plan | 120 | $15.3M | 01/01/2024 |
| Kubik Maltbie, Inc. 401(k) Plan | Kubik Maltbie, Inc. | 103 | $15.6M | 01/01/2024 |
Top 25 of 26 plans by assets.
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.05 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Tiaa Cref Individual & Institutional Services, Llc $2.2B (23% of AUM) Mar 2026
- Charles Schwab & Co. $1.5B (16% of AUM) Mar 2026
- Manufacturers And Traders Trust Company $1.3B (13% of AUM) Mar 2026
- BNY Mellon $690M (10% of AUM) Nov 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗