Cornerstone Real Estate Advisers LLC (Hartford)

Name: Cornerstone Real Estate Advisers LLC
Address: One Financial Plaza, Hartford, CT, 06103 2604
Telephone: 860-509-2200

Cornerstone Real Estate Advisers LLC is a large advisory firm based in Hartford. It manages $33.16 billion of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and Illinois.

Cornerstone Real Estate Advisers provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and real estate (debt and equity) advisory services for institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornerstone Real Estate Advisers: assets under management

The assets under management (AUM) of Cornerstone Real Estate Advisers LLC is $33.16 billion. The firm's AUM has grown by 12765% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.36 billion in discretionary accounts and $29.8 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $961.43 million.

Cornerstone Real Estate Advisers has custody of $296.61 million in cash and securities for 35 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornerstone Real Estate Advisers LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Cornerstone Real Estate Advisers LLC

Isadore Jermyn has been acting as President since 1 Apr 1995. Roger William Crandall joined the executive team most recently as the Member Of The Board Of Managers.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alan Martin Connor	Director/ceo	1 Apr 1994	Other	4357349
Massachusetts Mutual Holding Company	100% owner	1 Apr 1994	75% - 100%	04-3343737
Massmutual Holding Llc	100% owner	1 Apr 1994	75% - 100%	04-2854319
Isadore Jermyn	Director	1 Apr 1995	Other	2217341
Kenneth Lewis Hargreaves	Director	1 Apr 1995	Other	4336464
Andrew C. Williams	Managing counsel/compliance officer	1 Jun 1995	Other	4357387
Andrew Carter Williams	Managing counsel/chief compliance officer	1 Jun 1995	Other	4357387
Stuart Harry Reese	Director	1 Apr 1999	Other	1916446
Howard Gunton	Director	1 Jan 2000	Other	4143679
Howard Earl Gunton	Director	1 Jan 2000	Other	4143679
Toby J. Slodden	Director	1 Aug 2000	Other	4357641
Toby James Slodden	Director	1 Aug 2000	Other	4357641
Eustis Walcott	Director	1 Oct 2000	Other	4321488
David J. Reilly	President	1 Feb 2004	Other	4360002
David John Reilly	President	1 Feb 2004	Other	4360002
Robert E. Mahoney	Chief financial officer	1 Jun 2004	Other	4868170
Roger William Crandall	Director	1 Jun 2005	Other	4486307
David John Reilly	Member of the board of managers	1 Jan 2006	Other	4360002
Alan Martin Connor	Director	1 Jan 2006	Other	4357349
William Edmond Bartol	Chief compliance officer	1 Apr 2006	Other	1261472
Michael Thomas Rollings	Member of the board of managers	1 Aug 2006	Other	1592402
Cj Karbowicz	Global chief operating officer & chief legal officer	1 Oct 2007	Other	5447303
C. J. Karbowicz	Chief legal officer	1 Oct 2007	Other	5447303
Thomas George Dudeck	Chief operations officer	1 Nov 2007	Other	5448153
Thomas Michael Finke	Member of the board of managers	1 Dec 2007	Other	2548996
Robert Franklin Little	Managing member	1 Dec 2008	Other	4532186
Babson Capital Management Llc	Member	1 Feb 2010	75% - 100%	106006
Barings Llc	Member	1 Feb 2010	75% - 100%	106006
Anthony Jude Sciacca	Managing member	1 Mar 2010	Other	3035405
Paul John Thompson	Member of the board of managers	1 Jun 2012	Other	3156135
Elizabeth Ward Chicares	Member of the board of managers	1 Jun 2012	Other	2194754
Scott David Brown	President	1 Feb 2014	Other	6307807
Scott David Brown	Global president and chief executive officer; member of the board of managers	1 Jan 2015	Other	6307807
Roger William Crandall	Member of the board of managers	1 Jul 2015	Other	4486307
M. Timothy Corbett	Member of the board of managers	1 Jul 2015	Other	4633377
William Francis Glavin	Member of the board of managers	1 Jul 2015	Other	2666939

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Massachusetts Mutual Life Insurance Company	Member	1 Apr 1994	75% - 100%	04-1590850
Massmutual Holding Llc	Direct owner	1 Jul 2004	75% - 100%	04-2854319
David J Brennan	Managing member	1 Mar 2005	Other	4335507
Michael Thomas Rollings	Managing member	1 May 2005	Other	1592402
Stuart Harry Reese	Managing member	1 Jun 2005	Other	1916446
Michael Thomas Rollings	Managing member	1 Jul 2008	Other	1592402
Clifford Michael Noreen	Managing member	1 Dec 2008	Other	4979354
Thomas Michael Finke	Managing member	1 Dec 2008	Other	2548996
Roger William Crandall	Managing member	1 Jan 2010	Other	4486307
Mm Asset Management Holding Llc	Sole member	1 Feb 2012	75% - 100%	45-4000072
Massmutual Holding Llc	Sole member	1 Feb 2012	75% - 100%	04-2854319
Massmutual Asset Management Holding Llc	Sole member	1 Feb 2012	75% - 100%	45-4000072

Based in Hartford

The principal office where Cornerstone Real Estate Advisers LLC performs its advisory services is located at One Financial Plaza, Hartford, CT 06103 2604, which is also the mailing address of the firm. An additional office of the firm is in El Segundo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-509-2200 or by fax 860-509-2224. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cornerstoneadvisers.com.