Cornerstone Advisors Introduces RISE: Wealth Management Services for Tax-Exempt Organizations

Expanded Services, Team Address Growing Need Among Nonprofits for Fiduciary Partners

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Jan 16, 2012, 11:00 ET

BELLEVUE, Wash., Jan. 16, 2012 /PRNewswire/ -- Cornerstone Advisors, a wealth and life building firm with more than $2 billion in assets under management, today announced the launch of RISE, the firm's newly expanded wealth management services for tax-exempt organizations. As an extension of Cornerstone's nearly three decades of work with ultra high net worth individuals and families, RISE unites the firm's investment strategy expertise and insights into donor expectations to bring comprehensive services to private foundations, nonprofit organizations and endowments. Cornerstone has been serving foundation and nonprofit clients since 1993.

"We understand the pressures tax-exempt organizations face to preserve their capital for the long-term while meeting their short-term operational needs and distribution requirements," said Kenneth M. Hart, Chief Executive Officer of Cornerstone Advisors. "And we have a deep understanding of the needs and expectations of major donors when it comes to financial stewardship, reporting and impact. Bringing these elements together to serve our tax-exempt clients will enable them to grow and preserve their assets so they can focus on delivering their programs and services to our community."

Hart continued, "The formation of RISE is in response to clients and strategic partners who observed our stewardship of assets through the financial crisis of 2008. We created this new suite of services so other organizations our clients and others feel passionate about could make use of our perspectives and experience," he said.

RISE stands for Results, Integrity, Simplicity and Empowerment – the qualities many tax-exempt organizations find critical in their investment strategy and management. Cornerstone's RISE service offerings include:

Investment policy design, including mission-related investing alignment and strategy
Comprehensive portfolio oversight and management
Strategic asset allocation design
Investment administration
Donor-related communications
Major gift planning and support

"The RISE work – as with all of Cornerstone's client services - places a particular emphasis on transparency in financial reporting, so that clients and their donors can see how their assets are being well stewarded while supporting their programs," said Hart.

More information on RISE may be found at http://www.buildbeyond.com/rise/.

Founded in 1984, Cornerstone Advisors provides portfolio construction & management, family office services and financial counsel to wealthy individuals, families, foundations and endowments.

SOURCE Cornerstone Advisors