Cornerstone Advisors Reports Unprecedented Staff and Services Growth

Share Article

Management consulting firm Cornerstone Advisors, Inc. announced today that staff has grown to 39 team members, a 25% increase over the past year.

Our growing services, executive roundtables, and new infusion of skilled individuals reinforces Cornerstone Advisors’ reputation as an industry leader and improves the value we can provide to our bank and credit union clients.

Management consulting firm Cornerstone Advisors, Inc. announced today that with the addition of David Potterton, the company’s new research director, staff has grown to 39 team members, a 25% increase over the past year.

“With rapid new developments in the financial services industry, adding David to the team was a natural progression and just one of many steps we have taken to build upon our position as a trusted advisor to our clients,” said Scott Sommer, Cornerstone’s president and chief executive officer.

Potterton, from Needham, Mass., is one of five new hires at Cornerstone since mid-2013 and brings to the firm a diverse background in research and marketing, having worked at Salesforce.com and IDC as well as at national and community banks. “We are really looking forward to how David’s talent for uncovering detailed insights will strengthen the knowledge value of our expanding group.”

Additional new appointments at Cornerstone include:

Mike Langenkamp, from Pewaukee, Wis., has 25 years of financial services experience as a business consultant for community banks, super-regional and tier-one financial institutions. Langenkamp’s background includes management at a national bank, an IBM practice executive, and an acting president and senior vice president of relationship management at Fiserv.

Brian Hagan, of Whitefish Bay, Wis., boasts a long history as a senior financial executive responsible for improving business operations and profitability through effective contract negotiations. Hagan was a senior vice president of finance at Fiserv and director at Coopers & Lybrand.

Jim Burson, from Raleigh, N.C., arrives with a wide range of executive management and business planning experience. Burson was executive vice president and chief revenue (operating) officer of a regional bank in the Southeast with prior executive management positions at national and regional banks.

Before joining Cornerstone, Nicholas Lane, from Scottsdale, Ariz., was at Vanguard, where he served as an associate on a team managing $10 billion in assets.

Burson, Hagan and Langenkamp are senior directors at Cornerstone; Lane serves as an analyst for the firm.

Cornerstone’s growth has also resulted in other new services and team promotions, including:

Managing Director Bob Roth, who heads up Cornerstone’s Contract Negotiations area, now also leads the firm’s Payments Solutions, a new practice created to meet rising client demand for practical payments approaches.

Eric Weikart was promoted to managing director, leading the firm’s growing Performance Solutions practice leveraging industry benchmarks and best practices.

Tim Daley was promoted to director and is focused on the firm’s Technology Solutions and new Channel Solutions practice, helping financial institutions with integrated delivery planning.

Robin Putnam was promoted to office manager.

“Our growing services, executive roundtables, and new infusion of skilled individuals reinforces Cornerstone Advisors’ reputation as an industry leader and improves the value we can provide to our bank and credit union clients,” said Sommer. “As an added bonus to our customers, we look forward to sharing fresh insights from these new executives in published research and on our GonzoBanker blog.”

----------------------------------------------------------------------------------------------------------------

Founded in 2002, Cornerstone Advisors, a management consulting firm focused exclusively on mid-size banks and large, progressive credit unions, provides services in the areas of: Strategy, Performance, Contract & Vendor Management, Technology, and Research. The Cornerstone team founded industry renowned GonzoBanker and authors The Cornerstone Report, a series of authoritative benchmarking and best practices studies for both mid-size banks and credit unions.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sam Kilmer

Scott Sommer
Visit website