Connecticut-based Cornerstone Advisors has launched RISE – a wealth management service designed for tax-exempt organizations.

The firm's “newly-expanded” RISE service offering includes investment policy design (including mission-related investing alignment and strategy), portfolio oversight and management, asset allocation design, investment administration, donor-related communications and major gift planning and support.

RISE, which stands for results, integrity, simplicity and empowerment, represents the characteristics many tax-exempt organizations consider “critical in their investment strategy and management,” the firm said in a statement.

“We understand the pressures tax-exempt organizations face to preserve their capital for the long-term while meeting their short-term operational needs and distribution requirements,” said Kenneth Hart, chief executive.

“RISE unites the firm's investment strategy expertise and insights into donor expectations to bring comprehensive services to private foundations, non-profit organizations and endowments,” the firm said. The service places a "particular emphasis on transparency in financial reporting," enabling clients and their donors to see how their assets are being "well-stewarded while supporting their programs,” said Hart.

Cornerstone currently has approximately $2 billion in assets under management and has been working with foundation and non-profit clients since 1993.