Final 9/30/14
Cornerstone Advisors, Inc. Selects National Advisors Trust to Provide Trust Services
Cornerstone Advisors implements NATC’s Trust Representative Office program.
New private-labeled trust services brand formed, Cornerstone Advisors Trust Services
Bellevue, WA and Overland Park, KS – September 30, 2014 - Cornerstone Advisors, Inc. today announced its selection of National Advisors Trust Company (NATC), the nation’s largest independent Registered Investment Advisor (RIA)-owned trust company, to implement NATC’s Trust Representative Office (TRO) program. Under the TRO program, NATC has established Cornerstone Advisors Trust Services, a private-labeled trust services brand through which Cornerstone will market trust and trustee services administered by NATC.
Cornerstone Advisors is one of the top RIAs in the country with over $3.2 billion in assets under management as of 7/31/2014.*
“Itis increasingly clear that our current and future clients require a durable, best-in-class, independent professional fiduciary partner to facilitate their wealth transfer and estate planning objectives,” said Kenneth M. Hart, Chief Executive Officer, Cornerstone Advisors. “We were pleased to find a partner in NATC that shares Cornerstone’s model of operating as our clients’ true fiduciaries. By marketing trust services under our brand, Cornerstone Advisors Trust Services, we are now able to offer our clients a seamless and embedded solution within our integrated scope of services.”
About the TRO Program
The TRO program is a trust marketing program that allows advisors to offer a full range of trust and trustee services to their clients under private-label branding, with administrative services provided by NATC. NATC supports participating RIA firms with marketing services and ongoing trust education programs, including monthly CE accredited webinars for advisors’ clients and centers of influence. Additionally, RIAs have the benefit of an active study group of other advisor firms who regularly communicate and share experience, information and strategies regarding the TRO program.
“NATC’s private labeled TRO program is a great addition to Cornerstone’s high service, client-focused model,” said Jim Combs, Chief Executive Officer, of NATC.“As wealth and life builders for their clients, Cornerstone’s boutique firm is recognized for its personal touch, relationship experience, specialized knowledge and wisdom that helptheir clients succeed. There is increasing need for trusts as part of estate planning for the wealthy. Adding NATC’s branded trust and trustee services further strengthen Cornerstone’s focus on clients that have long-term, durable assets. With core services that are built around serving wealthy clients, NATC’s trust solutions are the perfect complement to Cornerstone’s fiduciary and client advocacy, and their long-range business planning perspective to ensure their firm and services will endure to serve clients for generations to come.”
About Cornerstone Advisors
Cornerstone Advisors, headquartered in Bellevue, Washington, is a comprehensive wealth management firm that empowers individuals, families and organizations with lasting assets to embrace the fullness of life while building long-term financial security for generations to come.
About National Advisors Trust
National Advisors Trust Company (NATC) is an RIA-owned firm dedicated to the success of independent financial advisors. NATC helps advisors grow their business by providing world-class trust and custody services in every state in the nation. A federally chartered institution, NATC is the nation’s largest independent trust company, with $10 billion in assets under administration. Visit or call 877.527.3476.
*Cornerstone Advisors is counted among the top independent wealth advisory firms in the nation. 2010 and 2011 named “Top 50 RIA Giants” by InvestmentNews and 2012 “Top 50 Fee-Only Advisors” by InvestmentNews. Survey results ranked nationally by discretionary assets under management (AUM).
Media Contacts
Cornerstone Advisors, Inc.
Susan Pierson Brown, Seven November, Inc.
206.409.4693
National Advisors Trust Company
Corrine Smith
913.522.7284