Cornerstone Wealth Management has changed its name to Hefty Wealth Partners, effective immediately.

The name change coincides with the firm’s decision to become a hybrid Registered Investment Advisor (RIA). The hybrid model allows the company to operate as a full service firm no longer tied to one custodian, and provides clients with greater flexibility when needed.

The company said that name change will not affect its current ownership or mission.

David Hefty, CEO and co-founder of Hefty Wealth Partners, said: “We are excited about changing our name to Hefty Wealth Partners while shifting to a RIA. As our breadth of services continues to expand, the changes seemed a natural transition to reflect our commitment to meet each client’s specific needs and differentiate the company from others. Both changes more accurately reflect who we are as independent, unbiased and thoughtful financial advisers.”