# Cornerstone Advisors LLC

> Cornerstone Advisors LLC is an SEC-registered investment advisory firm in Fayetteville, AR, registered since 2024, reporting under $25 million in regulatory assets under management in its Form ADV filing dated September 30, 2026.

- CRD: 325163
- Filed as: CORNERSTONE ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fayetteville, AR
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/325163
- AdvisorCensus page: https://advisorcensus.com/firm/cornerstone-advisors-llc-fayetteville-ar-325163

## 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; hourly charges.

**Where is Cornerstone Advisors LLC located?**
Cornerstone Advisors LLC's principal office is in Fayetteville, AR, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Cornerstone Advisors LLC registered with the SEC or a state?**
Cornerstone Advisors LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 325163.

**How much does Cornerstone Advisors LLC manage?**
Cornerstone Advisors LLC reports $7,181,530 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (31% discretionary).

**How have Cornerstone Advisors LLC's assets and staff changed since 2024?**
In the Form ADV data for Cornerstone Advisors LLC: Regulatory assets under management: $182,561,579 in the October 2024 data and $7,181,530 in the October 2026 data, down 96%. Total employees: 9 in October 2024 and 6 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: individuals (other than high net worth individuals) (71).

**Which custodians does Cornerstone Advisors LLC use?**
Cornerstone Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**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/325163

**Does Cornerstone Advisors LLC state an account minimum?**
Its Form ADV Part 2A brochure dated July 29, 2026 says: "There is no account minimum for any of CAL’s services."

**What changed in Cornerstone Advisors LLC's recent Form ADV filings?**
In the August 2026 filing data: Employees performing advisory functions went from 7 to 6. No longer lists an office in Conway, AR.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated July 29, 2026)

- Account minimum: None

> There is no account minimum for any of CAL’s services.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $7,181,530
- Discretionary: $2,234,931
- Non-discretionary: $4,946,599

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 71 | $7,181,530 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 2024 (2 years)
- Employees: 6 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, CO, FL, GA, ID, KS, LA, MO, MS, MT, OK, TN, TX, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Conway, AR

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $182,561,579 | 9 | September 11, 2024 |
| October 2025 | $276,933,985 | 5 | May 15, 2025 |
| October 2026 | $7,181,530 | 6 | September 30, 2026 |

Regulatory assets under management: $182,561,579 in the October 2024 data and $7,181,530 in the October 2026 data, down 96%.
Total employees: 9 in October 2024 and 6 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Employees performing advisory functions went from 7 to 6.
- No longer lists an office in Conway, AR.

### June 2026
- Regulatory assets under management went from $276,933,985 to $7,181,530 (-97%).
- Registered or notice-filed in AL, CO, FL, ID, KS, MO, MS, MT, TN, WY.

### April 2026
- Employees performing advisory functions went from 5 to 7.
- 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 325163): Form ADV filing data as of October 2026.