{
  "crd_number": 311296,
  "slug": "cornerstone-partners-charlottesville-va-311296",
  "primary_business_name": "CORNERSTONE PARTNERS",
  "legal_name": "CORNERSTONE PARTNERS CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Charlottesville",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "16820",
  "metro": {
    "cbsa_code": "16820",
    "common_name": "Charlottesville",
    "msa_name": "Charlottesville, VA",
    "path": "/advisors/va/charlottesville"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-11-25",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 29349651535.0,
  "raum_discretionary": 29349651535.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 36,
  "advisory_employees": 16,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 28831966415.0,
      "count": 16
    },
    "pooled_investment_vehicles": {
      "raum": 517685120.0,
      "count": 6
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "DE",
    "TX",
    "VA"
  ],
  "websites": [
    "https://cstonellc.com",
    "https://focusfinancialpartners.com",
    "https://linkedin.com/company/focus-financial-partners",
    "https://linkedin.com/company/ocio1",
    "https://twitter.com/focusfinancial"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311296",
  "city_as_filed": "CHARLOTTESVILLE",
  "url": "https://advisorcensus.com/firm/cornerstone-partners-charlottesville-va-311296",
  "display_name": "Cornerstone Partners",
  "summary": "Cornerstone Partners is an SEC-registered investment advisory firm in Charlottesville, VA, registered since 2020, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Cornerstone Partners (CRD 311296): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Cornerstone Partners compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cornerstone Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Cornerstone Partners located?",
      "a": "Cornerstone Partners' principal office is in Charlottesville, VA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Cornerstone Partners registered with the SEC or a state?",
      "a": "Cornerstone Partners is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 311296."
    },
    {
      "q": "How much does Cornerstone Partners manage?",
      "a": "Cornerstone Partners reports $29,349,651,535 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Cornerstone Partners' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cornerstone Partners: Regulatory assets under management: $9,664,026,955 in the October 2021 data and $29,349,651,535 in the October 2026 data, up 204%. Total employees: 24 in October 2021 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Cornerstone Partners serve?",
      "a": "By number of clients on Form ADV Item 5.D: charitable organizations (16); pooled investment vehicles (other than investment companies and business development companies) (6)."
    },
    {
      "q": "Which custodians does Cornerstone Partners use?",
      "a": "Cornerstone Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Northern Trust Company as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Cornerstone Partners 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/311296"
    },
    {
      "q": "What changed in Cornerstone Partners' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $24,893,119,985 to $29,349,651,535 (+18%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 9664026955.0,
      "total_employees": 24,
      "filing_date": "2021-03-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 12898159058.0,
      "total_employees": 26,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 11599037144.0,
      "total_employees": 29,
      "filing_date": "2023-09-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 20033497535.0,
      "total_employees": 30,
      "filing_date": "2024-05-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 24893119985.0,
      "total_employees": 34,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 29349651535.0,
      "total_employees": 36,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $24,893,119,985 to $29,349,651,535 (+18%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/cornerstone-partners-charlottesville-va-311296.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 517685120.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 16,
      "fewer_than_5": false,
      "raum": 28831966415.0
    }
  ],
  "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/311296",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}