One of the greatest challenges facing financial institutions today is the lack of differentiation among competitors. Opportunities for revenue growth are battling expense reduction for top consideration in an institution’s long-term goals and objectives. Long-term goals and objectives must be linked with practical strategies, tactics and initiatives that move the organization toward achieving its stated purpose.
Enter Cornerstone Advisors. Utilizing our knowledge of best practices and expertise gained from helping hundreds of financial institutions with their strategic planning efforts, Cornerstone can ensure the successful development of your organization’s Strategic Plan. As a result of our singular focus on assisting banks and credit unions develop and implement focused strategies to improve their competitive position and bottom line, you’ll realize:
- Maximized shareholder and member value
- New and innovative competitive strategies
- Revenue enhancement
- Operating efficiencies
- Accountability for execution
- Continued measurement through performance scorecards
A Strategic Plan developed by senior management with the assistance of Cornerstone Advisors means your organization will have a strategic planning framework and process that can be leveraged for optimized shareholder and customer value. Plus, we will help in the development of pragmatic tools and scorecards that will assist the senior management team in measuring the organization’s progress against the goals set forth in the Strategic Plan.
What Makes Cornerstone Stand Out
- Deep Industry Knowledge. Cornerstone can take your organization far beyond the academic approach of that used by most facilitators. Cornerstone not only facilitates but offers specific, actionable advice during the planning process. Our expertise in industry best practices, operations and technology ensures that your plan will be both innovative and pragmatic.
- One Size Does Not Fit All. Cornerstone challenges standard ways of conducting business. Our planning facilitation services help management determine strategies that will make the institution “unique” as well as the strategies that should not be pursued.
- From Strategy to Execution. A strategic plan that sits on the shelf is of no use to anyone. With our tools and scorecards, Cornerstone shows your senior management team how to most effectively execute the Strategic Plan’s objectives.
We’ve Done this Before
Here are just a few examples of work we’ve performed in this area:
- Privately held, full-service Iowa bank ($1.8 billion)
- Large Washington state credit union ($8.7 billion)
- Community-focused Kansas credit union ($1.7 billion)
- Innovative Indiana credit union ($1 billion)
- Cooperative food and agribusiness bank ($9 billion)
- Florida credit union ($1.6 billion)
- Regional Florida bank ($1.5 billion)
- Oklahoma credit union ($1.8 billion)
- Florida credit union ($700 million)
- Large Canadian credit union ($1.4 billion)
- Louisiana community bank ($12 billion)