# Cornerstone Partners

> 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.

- CRD: 311296
- Filed as: CORNERSTONE PARTNERS
- Legal name: Cornerstone Partners Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Charlottesville, VA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311296
- AdvisorCensus page: https://advisorcensus.com/firm/cornerstone-partners-charlottesville-va-311296

## Quick answers

**How is Cornerstone Partners compensated?**
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.

**Where is Cornerstone Partners located?**
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).

**Is Cornerstone Partners registered with the SEC or a state?**
Cornerstone Partners is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 311296.

**How much does Cornerstone Partners manage?**
Cornerstone Partners reports $29,349,651,535 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Cornerstone Partners' assets and staff changed since 2021?**
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.

**What types of clients does Cornerstone Partners serve?**
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).

**Which custodians does Cornerstone Partners use?**
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.

**Does Cornerstone Partners 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/311296

**What changed in Cornerstone Partners' recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- The Northern Trust Company

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: $29,349,651,535
- Discretionary: $29,349,651,535
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $517,685,120 |
| Charitable organizations | 16 | $28,831,966,415 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2020 (5 years)
- Employees: 36 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Haddonfield, NJ

### Websites listed on Form ADV (Item 1.I)
- cstonellc.com
- focusfinancialpartners.com
- LinkedIn @focus-financial-partners
- LinkedIn @ocio1
- X @focusfinancial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $9,664,026,955 | 24 | March 17, 2021 |
| October 2022 | $12,898,159,058 | 26 | March 29, 2022 |
| October 2023 | $11,599,037,144 | 29 | September 26, 2023 |
| October 2024 | $20,033,497,535 | 30 | May 2, 2024 |
| October 2025 | $24,893,119,985 | 34 | March 31, 2025 |
| October 2026 | $29,349,651,535 | 36 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cornerstone Partners (CRD 311296): Form ADV filing data as of October 2026.