Los Angeles-based Cetera Financial Group has recruited Cornerstone Advisors to join its brokerage platform.

Based in Baxter, Minn., Cornerstone Advisors is an independent financial advisory with about $150 million in AUM. The firm will bring its staff of eight financial professionals, led by CEO James P. Benson, to Cetera’s platform.

Cornerstone Advisors will utilize AdvisorNet Financial, one of Cetera Advisor Networks’ super-offices of supervisory jurisdiction, for back and middle office services.