AdvisorCensus / Financial advisors / Virginia / Richmond / Cobblestone Asset Management
Cobblestone Asset Management
Filed as COBBLESTONE ASSET MANAGEMENT · Legal name Cobblestone Asset Management LLC
Cobblestone Asset Management is an SEC-registered investment advisory firm in Richmond, VA, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 18, 2026.
Quick answers
From the filingHow is Cobblestone Asset Management compensated?
On its Form ADV (Item 5.E, October 2026), Cobblestone Asset Management reports these compensation arrangements: a percentage of assets under its management.
What does Cobblestone Asset Management's brochure say about its fees?
Its Form ADV Part 2A brochure dated May 18, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Cobblestone Asset Management located?
Cobblestone Asset Management's principal office is in Richmond, VA, according to its Form ADV.
Is Cobblestone Asset Management registered with the SEC or a state?
Cobblestone Asset Management is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 326545.
How much does Cobblestone Asset Management manage?
Cobblestone Asset Management reports $258,879,212 in regulatory assets under management in its Form ADV filing dated May 18, 2026 (100% discretionary).
How have Cobblestone Asset Management's assets and staff changed since 2023?
In the Form ADV data for Cobblestone Asset Management: Regulatory assets under management: $134,064,081 in the October 2023 data and $258,879,212 in the October 2026 data, up 93%. Total employees: 2 in October 2023 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Cobblestone Asset Management serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (400); high net worth individuals (32).
Does Cobblestone Asset Management report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/326545
Does Cobblestone Asset Management state an account minimum?
Its Form ADV Part 2A brochure dated May 18, 2026 says: "There is no account minimum for any of Cobblestone Asset Management’s services."
What changed in Cobblestone Asset Management's recent Form ADV filings?
In the March 2026 filing data: Regulatory assets under management went from $180,834,039 to $258,879,212 (+43%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: up to 2% of assets a year (the maximum the brochure states)
The brochure's wording
The standard fee schedule is set forth below: Total Assets Under Management Annual Fee All Assets Up to 2.0%
Account minimum: None
The brochure's wording
There is no account minimum for any of Cobblestone Asset Management’s services.
As stated in the firm's Form ADV Part 2A brochure dated May 18, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$258,879,212 as of October 2026, filing dated May 18, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Cobblestone Asset Management LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2023 (3 years)
- Employees
- Total: 4. Performing investment advisory functions: 2.
- Wrap fee program participation
- Yes.
- States registered or notice-filed
-
9 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $258,879,212 | 4 | May 18, 2026 |
| October 2025 | $180,834,039 | 4 | April 14, 2025 |
| October 2024 | $146,254,572 | 2 | April 2, 2024 |
| October 2023 | $134,064,081 | 2 | October 2, 2023 |
Regulatory assets under management: $134,064,081 in the October 2023 data and $258,879,212 in the October 2026 data, up 93%.
Total employees: 2 in October 2023 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Regulatory assets under management went from $180,834,039 to $258,879,212 (+43%).
- February 2026
- Registered or notice-filed in CO.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Cobblestone Asset Management (CRD 326545): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/cobblestone-asset-management-richmond-va-326545