{ "crd_number": 300891, "slug": "cornerstone-advisors-llc-asheville-nc-300891", "primary_business_name": "CORNERSTONE ADVISORS, LLC", "legal_name": "CORNERSTONE ADVISORS, LLC", "dbas": [], "city": "Asheville", "state": "NC", "country": "United States", "cbsa_code": "11700", "metro": { "cbsa_code": "11700", "common_name": "Asheville", "msa_name": "Asheville, NC", "path": "/advisors/nc/asheville" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2019-03-25", "years_registered": 7, "period": "2026-10-01", "filing_date": "2026-03-12", "carried_forward": false, "raum_total": 3040951014.0, "raum_discretionary": 3040951014.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 7, "advisory_employees": 7, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 3040951014.0, "count": 2 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "NC" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/300891", "city_as_filed": "ASHEVILLE", "url": "https://advisorcensus.com/firm/cornerstone-advisors-llc-asheville-nc-300891", "display_name": "Cornerstone Advisors, LLC", "summary": "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.", "citation": "AdvisorCensus. Cornerstone Advisors, LLC (CRD 300891): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)" ], "quick_answers": [ { "q": "How is Cornerstone Advisors, LLC compensated?", "a": "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." }, { "q": "Where is Cornerstone Advisors, LLC located?", "a": "Cornerstone Advisors, LLC's principal office is in Asheville, NC, according to its Form ADV." }, { "q": "Is Cornerstone Advisors, LLC registered with the SEC or a state?", "a": "Cornerstone Advisors, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 300891." }, { "q": "How much does Cornerstone Advisors, LLC manage?", "a": "Cornerstone Advisors, LLC reports $3,040,951,014 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary)." }, { "q": "How have Cornerstone Advisors, LLC's assets and staff changed since 2021?", "a": "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." }, { "q": "What types of clients does Cornerstone Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (2)." }, { "q": "Does Cornerstone Advisors, LLC report any disciplinary disclosures?", "a": "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" }, { "q": "What changed in Cornerstone Advisors, LLC's recent Form ADV filings?", "a": "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)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1160404684.0, "total_employees": 5, "filing_date": "2021-03-22" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1852586683.0, "total_employees": 5, "filing_date": "2022-07-28" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2039250957.0, "total_employees": 5, "filing_date": "2023-03-16" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2292943554.0, "total_employees": 7, "filing_date": "2024-03-22" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2525069942.0, "total_employees": 5, "filing_date": "2025-03-17" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3040951014.0, "total_employees": 7, "filing_date": "2026-03-12" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "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)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/cornerstone-advisors-llc-asheville-nc-300891.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 2, "fewer_than_5": false, "raum": 3040951014.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/300891", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }