AdvisorCensus / Financial advisors / North Carolina / Asheville / Cornerstone Advisors, LLC
Cornerstone Advisors, LLC
Filed as CORNERSTONE ADVISORS, LLC
Cornerstone Advisors, LLC is an SEC-registered investment advisory firm in Asheville, NC, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 12, 2026.
Quick answers
From the filingHow is Cornerstone Advisors, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Cornerstone Advisors, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Cornerstone Advisors, LLC located?
Cornerstone Advisors, LLC's principal office is in Asheville, NC, according to its Form ADV.
Is Cornerstone Advisors, LLC registered with the SEC or a state?
Cornerstone Advisors, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 300891.
How much does Cornerstone Advisors, LLC manage?
Cornerstone Advisors, LLC reports $3,040,951,014 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary).
How have Cornerstone Advisors, LLC's assets and staff changed since 2021?
In the Form ADV data for Cornerstone Advisors, LLC: Regulatory assets under management: $1,160,404,684 in the October 2021 data and $3,040,951,014 in the October 2026 data, up 162%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Cornerstone Advisors, LLC serve?
By number of clients on Form ADV Item 5.D: investment companies (2).
Does Cornerstone Advisors, LLC 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/300891
What changed in Cornerstone Advisors, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 5 to 7. Regulatory assets under management went from $2,525,069,942 to $3,040,951,014 (+20%). Updated its list of owners and control persons (Schedule A).
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
Regulatory assets under management
Item 5.F$3,040,951,014 as of October 2026, filing dated March 12, 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- Portfolio management for investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2019 (7 years)
- Employees
- Total: 7. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
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 | $3,040,951,014 | 7 | March 12, 2026 |
| October 2025 | $2,525,069,942 | 5 | March 17, 2025 |
| October 2024 | $2,292,943,554 | 7 | March 22, 2024 |
| October 2023 | $2,039,250,957 | 5 | March 16, 2023 |
| October 2022 | $1,852,586,683 | 5 | July 28, 2022 |
| October 2021 | $1,160,404,684 | 5 | March 22, 2021 |
Regulatory assets under management: $1,160,404,684 in the October 2021 data and $3,040,951,014 in the October 2026 data, up 162%.
Total employees: 5 in October 2021 and 7 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- April 2026
- Employees performing advisory functions went from 5 to 7.
- Regulatory assets under management went from $2,525,069,942 to $3,040,951,014 (+20%).
- Updated its list of owners and control persons (Schedule A).
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.INot reported.
Source: 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. Cornerstone Advisors, LLC (CRD 300891): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/cornerstone-advisors-llc-asheville-nc-300891