# 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.

- CRD: 300891
- Filed as: CORNERSTONE ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Asheville, NC
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/300891
- AdvisorCensus page: https://advisorcensus.com/firm/cornerstone-advisors-llc-asheville-nc-300891

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $3,040,951,014
- Discretionary: $3,040,951,014
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 2 | $3,040,951,014 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 7 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,160,404,684 | 5 | March 22, 2021 |
| October 2022 | $1,852,586,683 | 5 | July 28, 2022 |
| October 2023 | $2,039,250,957 | 5 | March 16, 2023 |
| October 2024 | $2,292,943,554 | 7 | March 22, 2024 |
| October 2025 | $2,525,069,942 | 5 | March 17, 2025 |
| October 2026 | $3,040,951,014 | 7 | March 12, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cornerstone Advisors, LLC (CRD 300891): Form ADV filing data as of October 2026.