Domestic entity
EntityCORNERSTONE BENEFITS, INC.StatusSHAREHOLDERReported since09/2016Ownership75% or moreControl personYes
Cornerstone Advisors Asset Management, LLC
BETHLEHEM, PA
Form ADV and provider website profile · CRD 138638 · regulatory data as of Mar 26, 2026
This profile compiles reported firm AUM, regulatory account counts, ownership information, and source-linked regulatory records for Cornerstone Advisors Asset Management, LLC. Firm-wide values may include business beyond OCIO services; review the linked filing before relying on a claim. How to interpret OCIO Intelligence data.
$9.6BReported Firm AUMReported Firm AUMTotal assets under management reported for the registered advisory firm. This may include businesses beyond its OCIO services.
1,912Total AccountsTotal AccountsTotal regulatory accounts reported in Form ADV Item 5.F. This is not necessarily the number of OCIO mandates or unique clients.
$5.0BDiscretionary AUMDiscretionary AUMFirm assets reported as discretionary, where the adviser generally has authority to make investment decisions within the client mandate.
$4.6BNon-discretionary AUMNon-discretionary AUMFirm assets reported as non-discretionary, where the client generally retains final investment decision authority.
Direct Owners & Executives
Source: Form ADV- Reported since
- 01/2025
- Type
- Individual
- Control person
- Yes
- Ownership
- Less than 5%
- Reported since
- 01/2006
- Type
- Individual
- Control person
- Yes
- Ownership
- Less than 5%
- Reported since
- 01/2025
- Type
- Individual
- Control person
- Yes
- Ownership
- Less than 5%
- Reported since
- 03/2015
- Type
- Individual
- Control person
- Yes
- Ownership
- Less than 5%
- Reported since
- 07/2016
- Type
- Domestic entity
- Control person
- Yes
- Ownership
- 75% or more
| Name | Title | Reported since | Type | Control person | Ownership |
|---|---|---|---|---|---|
| Malcolm Lee Cowen | President Emeritus/Manager | 01/2025 | Individual | Yes | Less than 5% |
| Thomas Joseph Scalici | Executive Chairman/Manager | 01/2006 | Individual | Yes | Less than 5% |
| Kevin (Nmn) Karpuk | Ceo/Manager | 01/2025 | Individual | Yes | Less than 5% |
| Christopher John Mckinley | Chief Compliance Officer/Manager | 03/2015 | Individual | Yes | Less than 5% |
| Inc. Cornerstone Benefits | Sole Member | 07/2016 | Domestic entity | Yes | 75% or more |
Indirect Ownership
Source: Form ADVDomestic entity
EntityCORNERSTONE BENEFITS, INC. EMPLOYEE STOCK OWNERSHIP TRUSTStatusTRUSTEEReported since03/2022OwnershipOther (general partner, trustee, or elected manager)Control personYes
Owners & Executives
Source: Form ADVML
Malcolm Lee Cowen
President Emeritus/Manager
TJ
Thomas Joseph Scalici
Executive Chairman/Manager
CJ
Christopher John Mckinley
Chief Compliance Officer/Manager
Names and titles are shown as reported in Form ADV.
Ownership & Governance
Direct owners & executives5
Indirect ownership records2
Regulatory statusSEC registered investment adviser
SEC registration dateJan 4, 2006
CRD number138638