# Cornerstone Select Advisors, LLC

> Cornerstone Select Advisors, LLC is an SEC-registered investment advisory firm in St. Louis, MO, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 144044
- Filed as: CORNERSTONE SELECT ADVISORS, LLC
- Also doing business as: FIRST FINANCIAL CONSULTANTS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Louis, MO
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/144044
- AdvisorCensus page: https://advisorcensus.com/firm/cornerstone-select-advisors-llc-st-louis-mo-144044

## Quick answers

**How is Cornerstone Select Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Cornerstone Select Advisors, LLC reports these compensation arrangements: a percentage of assets under its management.

**What does Cornerstone Select Advisors, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated April 2, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Cornerstone Select Advisors, LLC located?**
Cornerstone Select Advisors, LLC's principal office is in St. Louis, MO, according to its Form ADV; the May 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Cornerstone Select Advisors, LLC registered with the SEC or a state?**
Cornerstone Select Advisors, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 144044.

**How much does Cornerstone Select Advisors, LLC manage?**
Cornerstone Select Advisors, LLC reports $315,301,456 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (66% discretionary).

**How have Cornerstone Select Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Cornerstone Select Advisors, LLC: Regulatory assets under management: $178,646,000 in the October 2021 data and $315,301,456 in the October 2026 data, up 76%. Total employees: 3 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cornerstone Select Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (164); other investment advisers (140); high net worth individuals (40).

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

**Does Cornerstone Select Advisors, LLC report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/144044

**Does Cornerstone Select Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated April 2, 2026 says: "CSA generally requires a minimum account value of $250,000 for accounts it manages on a discretionary basis. CSA, in its sole discretion, may waive the required minimum."

**What changed in Cornerstone Select Advisors, LLC's recent Form ADV filings?**
In the May 2026 filing data: Employees performing advisory functions went from 3 to 4. Added an office in Vero Beach, FL.

## From the Form ADV filing

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

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

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> CSA’s asset-based fee is negotiable and will not exceed a maximum percentage of 1.5%.

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> CSA generally requires a minimum account value of $250,000 for accounts it manages on a discretionary basis. CSA, in its sole discretion, may waive the required minimum.

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.
- Wells Fargo Clearing Services, LLC

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: $315,301,456
- Discretionary: $209,029,790
- Non-discretionary: $106,271,666

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 164 | $37,494,464 |
| High net worth individuals | 40 | $96,749,415 |
| 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) | Fewer than 5 | $1,172,119 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 140 | $179,264,569 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $620,889 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops

### Firm details
- Registered since: 2018 (8 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IA, MO, NY, TX
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/144044

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Springfield, MO
- Vero Beach, FL

### Websites listed on Form ADV (Item 1.I)
- csastl.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $178,646,000 | 3 | August 18, 2021 |
| October 2022 | $194,397,911 | 3 | September 6, 2022 |
| October 2023 | $181,699,609 | 2 | March 29, 2023 |
| October 2024 | $211,027,458 | 2 | March 7, 2024 |
| October 2025 | $234,036,242 | 2 | May 7, 2025 |
| October 2026 | $315,301,456 | 4 | April 2, 2026 |

Regulatory assets under management: $178,646,000 in the October 2021 data and $315,301,456 in the October 2026 data, up 76%.
Total employees: 3 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Employees performing advisory functions went from 3 to 4.
- Added an office in Vero Beach, FL.

### April 2026
- Regulatory assets under management went from $234,036,242 to $315,301,456 (+35%).

### February 2026
- Added the business name First Financial Consultants, Inc..
- Employees performing advisory functions went from 2 to 3.
- Added an office in Springfield, MO.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cornerstone Select Advisors, LLC (CRD 144044): Form ADV filing data as of October 2026.