Cornerstone Institutional Investors, LLC (Bethlehem)

Name: Cornerstone Institutional Investors, LLC
Address: 74 West Broad Street, Bethlehem, PA, 18018
Telephone: 610-694-0900

Cornerstone Institutional Investors, LLC is a large advisory firm based in Bethlehem. It manages $786.79 million of regulatory assets for 486 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 9 other states.

Cornerstone Institutional Investors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornerstone Institutional Investors: assets under management

The assets under management (AUM) of Cornerstone Institutional Investors, LLC is $786.79 million. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $315.27 million in discretionary accounts and $471.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $757.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.74 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornerstone Institutional Investors, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Cornerstone Institutional Investors, LLC

Malcolm Lee Cowen has been acting as President since 1 Nov 1997. Kevin (Nmn) Karpuk has served as the Chief Investment Officer since 1 Jan 2011. Inc. Employee Stock Ownership Trust Cornerstone Benefits joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Malcolm Lee Cowen	President/manager	1 Nov 1997	Other	1013493
Thomas Joseph Scalici	Ceo/manager	1 Jan 2000	Other	1520689
Cii Holding Company	Shareholder	1 Apr 2010	75% - 100%	27-2203398
Kevin (Nmn) Karpuk	Chief investment officer/manager	1 Jan 2011	Other	4442939
Christopher John Mckinley	Indirect shareholder	1 Jan 2011	Other	5693671
Christopher John Mckinley	Chief compliance officer/manager	1 Mar 2015	Other	5693671
Cornerstone Benefits Inc.	Shareholder	1 Jul 2016	75% - 100%	27-2218037
Inc. Cornerstone Benefits	Sole member	1 Jul 2016	75% - 100%	27-2218037

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Malcolm Lee Cowen	Owner/director	1 Mar 2010	25% - 50%	1013493
Thomas Joseph Scalici	Owner/director	1 Mar 2010	25% - 50%	1520689
Inc. Employee Stock Ownership Trust Cornerstone Benefits	Shareholder	1 Sep 2016	75% - 100%	81-6699527
N.A. Dba Horizon Trust Horizon Bank	Trustee	1 Sep 2016	Other	35-1076581

Based in Bethlehem

The principal office where Cornerstone Institutional Investors, LLC performs its advisory services is located at 74 West Broad Street, Bethlehem, PA 18018, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-694-0900 or by fax 610-867-8614. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cornerstone-companies.com.