Cornerstone Advisors has named Kenneth Hart chief executive officer replacing founder and former CEO Robert Trenner who stepped down from full time employment late last year. He continues to stay involved with the company in his role as executive chairman.

Hart joined Cornerstone in 1994 and most recently served as president and chief client relationship officer.

Based in Bellevue, Washington Cornerstone has more than $2.25 billion in assets under management. It caters to wealthy individuals, families, foundations and endowments.