Cornerstone Fund Services

What Cornerstone Fund Services does

Cornerstone Fund Services is a privately held, for-profit firm founded in 2013 and headquartered in Sandy, Utah, that delivers financial, accounting, and administrative services. Based on the descriptive material and the firm's positioning, the company operates in the fund services sector, providing outsourced back-office support to investment funds — likely spanning fund accounting, NAV calculation, investor reporting, and general administrative functions. The firm operates with a small headcount of 11-50 employees and maintains a single operating geography (Sandy, United States), consistent with a boutique service provider rather than a scaled platform.

The business is led by founder Ryan Davis, who concurrently serves as Executive Consultant and CFO, indicating a principal-led service model where senior practitioners are directly engaged with clients. No product details, proprietary technology stack, or platform architecture are disclosed in the available data, suggesting the offering is delivered through conventional fund administration processes rather than a distinct software product. The website (cornerstonefundservices.com) is the primary digital presence referenced, but no app, API, MCP, or third-party integration surface was documented.

No information on pricing model, customer segments, named clients, revenue figures, funding history, partnerships, or strategic transactions is available in the source data. The firm has operated continuously for over a decade without documented scale-up events, ownership changes, or capital raises, which is consistent with a self-sustaining professional services practice serving a niche or regional set of fund clients.

Name

Cornerstone Fund Services

Website

https://cornerstonefundservices.com

Company type

Private

Founded year

2013

Headcount range

11–50 employees

Short description

Cornerstone Fund Services is a privately held boutique provider founded in 2013 in Sandy, Utah, delivering financial, accounting, and administrative services to investment funds under a founder-led, 11-50 employee model.

Ownership category

akta.pro rank

Product category

Fund Administration Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Fund Governance Support (Board/Trustee, Minutes, Policies, Oversight) (FSAAAMAH)

Keywords

• Fund administration services
• Fund accounting services
• Investment fund services
• Back office fund services
• Fund financial reporting

Headquarters

HQ city

Sandy

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Core offering

Cornerstone Fund Services specializes in providing financial, accounting, and administrative services to investment funds and fund management organizations. The firm delivers back-office operational support so fund managers can focus on investment activities while outsourced providers handle the financial reporting, accounting, and administrative workload.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial, Accounting and Administrative Services Outsourced financial, accounting, and administrative services for investment fund clients, designed to relieve fund managers of back-office operational burden. Delivered to fund management organizations seeking specialized finance and administrative support.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights1 record

Direct peers

• Standish Management: Direct competitor providing fund accounting, administration, and CFO services to alternative investment funds; appears as a related URL in the source data and operates in the same small/mid-market fund administration segment as Cornerstone.
• Opus Fund Services: Fund administration specialist serving hedge funds, private equity, and venture capital funds; comparable target market of emerging and mid-market managers with outsourced back-office needs.
• Circle Partners (Acadia): Fund administration and investor services provider (now part of Acadia) focused on hedge funds and private funds; directly comparable offering across accounting, NAV, and reporting for alternative investment vehicles.
• NAV Fund Administration Group: Independent fund administrator providing accounting, reporting, and CFO services to small and mid-sized investment funds; closely matches Cornerstone's scale and service mix.

Emerging players

• Juniper Square: Tech-enabled investor reporting and fund administration platform serving private equity and real estate funds; represents the technology-forward model that could pressure traditional administrators like Cornerstone.
• Carta: Carta has expanded from cap table management into fund administration and investor services for venture and private equity funds, partially overlapping with Cornerstone's offerings for VC and PE managers.

Broad incumbents

• SS&C Technologies: Global leader in fund administration (post-DST acquisition) serving hedge funds, private equity, and institutional asset managers; represents the scaled incumbent competition against small specialists.
• Citco Fund Services: One of the largest independent fund administrators globally, providing NAV, accounting, and reporting to alternative investment funds; competes across market tiers.
• TMF Group: Global provider of fund administration, corporate services, and accounting; serves alternative investment funds with broader geographic coverage than a Sandy, Utah-based specialist.
• Waystone: Global fund services platform providing administration, governance, and compliance services to investment managers; competes for the same GP client base across multiple jurisdictions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/CORNERSTONE_FS1

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cornerstone Fund Services