Milestone Reflects Firm's Steady Growth, Provides Clients Access to Elite Investments BELLEVUE, Wash., July 27 /PRNewswire/ -- This month CornerstoneAdvisors Inc., an employee-owned wealth and life building firm, hassurpassed $2 billion in assets under management for its group of wealthyclients, the Bellevue-based firm announced today. "This is a significant accomplishment for our firm and, moreimportantly, for our 300 clients," said Robert F. Trenner, founder and CEOof Cornerstone Advisors. "This level of assets gives us access to a widerange of elite investment opportunities while, at the same time, providingour clients with a stronger collective purchasing power." The milestone also places Cornerstone among the nation's largestindependent registered investment advisory (RIA) firms with a focus onretail clients. According to Schwab Institutional analysis of 2006 SEC ADVdata, Cornerstone is one of only an approximate 200 independent advisoryfirms with more than $2 billion in assets under management. Schwabestimates there are an approximate 14,000 RIAs in this category overall. Trenner believes the firm's success is the result of a unique approachthat focuses on service that extends beyond finance. "We provide each client with a level of personal service and care thatenables them to make optimal wealth and life decisions," said Trenner. "Atthe heart of this approach is a clear process that enables clients toleverage their wealth in ways that reflect their own unique lifestyles,goals and values." Founded in 1984, Cornerstone Advisors provides portfolio construction &management, family office services and financial counsel to wealthyindividuals, families and organizations. The privately-held firm isheadquartered in Bellevue, Wash. and has 42 employees. More information onthe firm can be viewed online at
Cornerstone Advisors Reaches $2 Billion in Managed Assets
August 08, 2007, 1:05 a.m. EDT 1 Min Read
