Cornerstone Advisors Acquires Next Step, Inc.

Pathstone Acquires Cornerstone Advisors Inc.

July 30, 2020

Wealth Management

Pathstone, a partner-owned multigenerational family office, has acquired Cornerstone Advisors Inc., a Bellevue, Washington-based wealth and lifestyle management firm. The combination adds Cornerstone's ~$4 billion AUM and ~65 employees to Pathstone, expanding capabilities, scale and partner ownership across the combined firm (roughly 200 employees across nine offices and ~$20 billion in advisory assets).

Altamont Capital Partners Invests in Cornerstone Advisors

October 2, 2020

Professional Services

Altamont Capital Partners made an equity investment in Cornerstone Advisors, a Scottsdale-based provider of advisory services to mid-size banks and credit unions. The founders Scott Sommer and Steve Williams remain as CEO and President, and the capital will support Cornerstone’s investments in employees, data-powered offerings and internal infrastructure to accelerate growth.

Cornerstone Advisors Acquires Maple Street

March 5, 2024

Professional Services

Cornerstone Advisors, a management and technology consultancy for banks, credit unions and fintechs, has completed its acquisition of Maple Street, an Orlando-based provider of vendor management solutions delivered through its Vendor Advantage System. The deal expands Cornerstone's capabilities by adding enterprise-wide vendor lifecycle management, vendor risk and cost-reduction services for community banks and credit unions.

Cornerstone Advisors Acquires BankSmart

July 12, 2023

Professional Services

Cornerstone Advisors, a management and technology consultancy for banks, credit unions and fintechs, has acquired BankSmart, a boutique consulting firm specializing in bank operations, vendor selection, project management and payments. Cornerstone said it will integrate BankSmart’s team and its "SmartKits" operational tools into Cornerstone’s product suite to expand services and deliver new products to community-focused financial institutions nationwide.

Cornerstone Advisors Acquires Coastline Analytics

August 31, 2021

Data & Analytics

Cornerstone Advisors, a Scottsdale-based management and technology consulting firm, has acquired Coastline Analytics, a Florida-based advanced analytics consultancy focused on community banks and credit unions. Coastline co-founder Steven Simpson joins Cornerstone to lead its Data Science Division as the firm expands its analytics, machine learning, and data science capabilities for financial services clients.

U.S. Foot & Ankle Specialists Acquires Next Step Foot & Ankle Centers and Cortez Foot & Ankle Specialists

September 6, 2022

Healthcare Services

U.S. Foot & Ankle Specialists (USFAS), a portfolio company of NMS Capital, has acquired Next Step Foot and Ankle Centers (11 clinics serving the St. Louis metro area) and Cortez Foot & Ankle Specialists (three clinics in Manatee and Sarasota counties, Florida). The acquisitions expand USFAS's podiatry platform geographically and add clinical and surgical capabilities while integrating the practices into USFAS's administrative, IT, and revenue-cycle systems.