Principle-Based Investment Management

Our mission

Our mission is to build lasting relationships with the advisors we work with by exceeding their expectations for investment performance and helping them grow their business

Our Firm

Advisory Management & Research is a division of Cornerstone Wealth Management, a 100% employee-owned, independent registered investor advisor headquartered in St. Louis, Missouri.

What we offer

We offer professionally-managed investment portfolios for clients who wish to have their investments professionally monitored, managed and rebalanced as market conditions change.

What makes us different

We are principle-based investment managers. Unlike many of our competitors, we avoid tactical trades based on short-term market predictions. We have no financial arrangements, like revenue sharing, with the investment firms represented in the portfolios we manage. We base our investment decisions on investment principles by maintaining a long-term perspective, broad diversification and a focus on managers that we believe offer the potential to outperform their peers and their respective benchmarks over a long period of time.

Key Personnel

Alan F. Skrainka, CFA Chief Investment Officer

Alan F. Skrainka is the Chief Investment Officer at Cornerstone Wealth Management. He is responsible for managing the Cornerstone Model Wealth Portfolios and is Chairman of the Investment Policy Committee. Because he has over 35 years of experience in the investment industry, Alan has been a frequent source for national financial networks and publications. In addition to his work at Cornerstone Wealth Management, Alan has taught classes in retirement planning at the University of Missouri. He became a Chartered Financial Analyst in 1986. He earned a bachelor’s degree in business administration from the University of Missouri-St Louis in 1983, and earned an M.B.A from Washington University in St. Louis in 1990.
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Liyin Bao, CFA Senior Analyst

Liyin Bao joined Cornerstone Wealth Management in September 2012. He is a senior analyst for the Cornerstone Model Wealth Portfolios and is a member of the Investment Policy Committee. Prior to joining the firm, he interned as an investment banking analyst at Citic Securities. Liyin is a CFA Charterholder. He has a BS in Economics and Mathematics from the University of Michigan, and earned his MS in Finance from Olin Business School at Washington University in St. Louis.
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Khurram Naveed Analyst

Khurram Naveed is an analyst and joined Cornerstone Wealth Management in June 2017. Prior to joining the firm, he was a business valuation analyst at Health Capital Consultants and was an equity analyst at the University of Missouri-St. Louis’ Investment Trust. He has a BS in Economics, MA in Economics, and M.B.A from the University of Missouri-St. Louis.
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Anthony M. Pietroburgo Vice President

Anthony Pietroburgo joined Cornerstone Wealth Management in May 2013. As Relationship Manager and a member of the Investment Policy Committee he has worked closely with numerous custodians, technology platforms, and financial advisors to expand and improve the accessibility of Cornerstone’s Model Wealth Portfolio program. Additionally, he serves as a key consultant to financial advisors participating in the program by helping them achieve a deeper understanding of how to implement a disciplined, fee-based, and fiduciary compliant, business model into their practice. From an investment standpoint he believes in a principled, tested due diligence process, with a primary focus of delivering an outcome consistent with the client’s financial plan. Prior to joining Cornerstone Wealth Management, Anthony served as an intern at Moneta Group in Clayton, MO. He graduated from the University of Kentucky in 2010 and is now pursuing the CFP® certificate through the Terry College of Business at the University of Georgia. Outside of the office, he is a member of the Greater St. Louis Area chapter of the Financial Planning Association®. In his downtime he enjoys golf, boating, exercise, and time spent with friends and family.
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Kathy Latal Trading Specialist

Kathy has worked in the financial services industry since January 2003. She started her career assisting educators plan for their retirement. Several years ago, she joined a team of financial advisors and serves as a Sales Assistant. She makes sure that clients always receive prompt & exceptional service. Kathy’s tax background, investment experience and attention to detail add value to the CWM team.
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David J. Mack Director of National Accounts

Dave Mack joined the Model Wealth Program team at Cornerstone Wealth Management in April of 2016. He brings 18 years’ experience in financial services, and holds his Series 65 registration. Dave graduated with a bachelor’s degree from the University of Missouri - Columbia, and has also completed post-graduate courses in business strategy and marketing offered through Washington University locally and the Harvard Business School extension in Nashua, NH. He previously worked at Edward Jones Investments in Margins, Sales Training, and Business Development roles, and was responsible for the group’s Sales Desk, as well as helping establish sales desks at the firm’s Toronto and United Kingdom facilities. He also previously served as Vice President of Sales and Marketing for 9 years with a global process-control company headquartered in St. Louis. Dave and his wife Cindy Preszler, a broadcast meteorologist, have been married since 2003, and they enjoy tennis, traveling, boating, and snow skiing.
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