— Named the 212th Top RIA Firm in the Nation —
KENNEWICK, WA — October 2023 – Cornerstone Wealth Strategies, Inc., an independent wealth advisor in Kennewick Washington, has been recognized by Forbes as one of the 2023 Top RIA Firms in America.
The annual list highlights outstanding Registered Investment Advisory (RIA) firms from all 50 states based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each firm’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. The full report, which names the top RIAs in the nation, can be viewed here.
“This recognition demonstrates the team’s extraordinary work and ongoing commitment to helping our clients reach their financial goals,” says Matt Riesenweber, CEO of Cornerstone Wealth Strategies.
Cornerstone Wealth Strategies, Inc. was founded by Matt Riesenweber and Matt Wiser in 2015 and later became a Registered Investment Advisor in 2018.Based in Kennewick, Washington, Cornerstone offers a full range of financial services, including retirement and financial planning, and money management.
Cornerstone Wealth Strategies, Inc. is affiliated with LPL Financial, a leading* wealth management firm providing resources, tools, and technology to support advisors in their work to enrich their clients’ financial lives.
The Forbes ranking of America’s Top RIA Firms 2023, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data. The algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.
Securities offered through LPL Financial, Member FINRA/SIPC. Investment Advice offered through Cornerstone Wealth Strategies, Inc., a registered investment advisor and separate entity from LPL Financial.
About Cornerstone Wealth Strategies
Cornerstone Wealth Strategies is an independent, full-service financial planning firm committed to providing custom strategies designed to work towards financial independence to individuals, families, nonprofit organizations, and business owners. As independent representatives of LPL Financial, the team at Cornerstone Wealth Strategies provides customized fee-based advice and services including hands-on financial planning, proactive investment management, individual and business retirement consulting, estate planning, and insurance. Our thirteen-member firm works as a team in helping individuals in Southeastern Washington work towards their financial goals.
About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve**, supporting more than 21,000 financial advisors, including advisors at approximately 1,100 enterprises and at approximately 500 registered investment advisor (“RIA”) firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
*Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report). No. 1 Independent Broker-Dealer in the U.S. (Based on total revenues, Financial Planning magazine 1996-2023). Among third-party providers of brokerage services to banks and credit unions, No. 1 in AUM Growth from Financial Institutions; No. 1 in Market Share of AUM from Financial Institutions; No. 1 in Market Share of Revenue from Financial Institutions; No. 1 in Financial Institution Market Share; No. 1 in Share of Advisors (2021-2022 Kehrer Bielan Research & Consulting Annual TPM Report). Fortune 500 as of June 2021.
LPL Financial and its affiliated companies provide financial services only from the United States.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
LPL Financial, Forbes, and Cornerstone Wealth Strategies are all separate entities.