Cornerstone Advisory Surpasses $1.1 Billion in Assets After Merger

6/14/17

Cornerstone Advisory now has more than $1.1 billion in assets under management after completing its merge with Private Fund Advisors.

Erik Johnson, owner of Private Fund Advisors, joins Thomas Biddison III and Donald Huber, Jr. as a principal of Cornerstone Advisory. “We see the merge as a way to add value for our clients. They will benefit from access to more investment opportunities, enriched family office services, and thoughtful succession planning,” said Mr. Johnson.

Cornerstone Advisory and Private Fund Advisors have maintained a strategic partnership since 2006. In fact, the three principals launched a hedge fund two years ago which is available to the firms’ wealth management clients and is also available for private placement. The Outcome Driven Fund is currently valued at more than $30 million.

“After working together for a decade, we appreciate our firms’ common values and complementary strengths” said Mr. Huber. “EJ, Tom and I realized that in order to grow, realize economies of scale, and improve the client experience, a merger would make the most sense.”

The combined firm is well-positioned to navigate the evolving landscape of the wealth management industry. “Stocks are at all-time highs and interest rates are near all-time lows. Through our strategic partnership and increased intellectual capital, we will help our clients meet their financial goals through sophisticated financial planning, a consistent approach, and alternative investments,” said Mr. Biddison.

For its clients’ convenience, Cornerstone Advisory opened an office in Hunt Valley, Maryland in February. The firm also maintains an office in Arnold, Maryland.

About Cornerstone Advisory

Cornerstone Advisory is a wealth management company that provides family office services, philanthropic advice, cash flow management, risk management, estate planning, and retirement planning. The firm’s advisors are all fiduciaries with the desire and legal obligation to work in the best interest of their clients. Cornerstone Advisory invests in mutual funds, ETFs, ETNs, closed end funds, and alternative investments. The firm provides a consistent, thoughtful, intelligent approach with an aim to protect principal and grow wealth.

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.

Baltimore Business Spotlight

Feature Your Business Here

Connect with these Baltimore Professionals on LinkedIn

  • Edwin Warfield

    Editor in Chief, Warfield Digital

    Connect
  • Jean Halle

    Independent Consultant

    Connect
  • Larry Lichtenauer

    President of Lawrence Howard & Associates

    Connect
  • Newt Fowler

    Partner at Womble Carlyle, LLP

    Connect
  • David Crowley

    Owner at Develop DC

    Connect
  • Carolyn Stinson

    Stinson Marketing Group

    Connect