Osaic Picks Up Cornerstone Advisors From Cetera

Cornerstone Founder James Benson And His Team Oversee Almost $360 Million In Client Assets.
James P. Benson II, Founder of Cornerstone Advisors; Kristen Kimmell, Executive Vice President Business Development at Osaic
James P. Benson II, Founder of Cornerstone Advisors; Kristen Kimmell, Executive Vice President Business Development at Osaic

Osaic said Thursday that it added Cornerstone Advisors, an advisor team that oversees nearly $360 million in total client assets, from Cetera.

Cornerstone, which includes a six-person team made up of advisors and support staff, is based in the Brainerd Lakes region of Baxter, Minnesota, and has additional offices in Bismarck, North Dakota and Perham, Minnesota. It provides comprehensive financial planning and portfolio management for individual and family clients of mass-affluent retirees and pre-retirees.

Cornerstone is led by James P. Benson II, its Founder, a veteran advisor with more than 30 years of industry experience.

“I’m excited to bring my business and clients to Osaic,” said Benson. “The technology stack, service offerings and overall support that Osaic bring to the table are second to none in the industry.”

He added: “With Osaic, we now have a true partner who will provide us with the flexibility and resources we need to enhance our clients’ service experience, while working with us to implement our ambitious business growth strategy.”

Welcoming the Cornerstone team to Osaic, Kristen Kimmell, Executive Vice President Business Development at Osaic, said: “Our mission is to use our scale and resources to provide practices like Cornerstone with the value-added systems, services and support they need to grow their businesses and reach their vision of success, however they define it.”

Osaic, a portfolio company of Reverence Capital Partners, supports 10,500 financial professionals who oversee over $500 billion in assets under administration, according to its website.

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com

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