{
  "crd_number": 124947,
  "slug": "cornerstone-wealth-advisors-inc-edina-mn-124947",
  "primary_business_name": "CORNERSTONE WEALTH ADVISORS, INC.",
  "legal_name": "CORNERSTONE WEALTH ADVISORS, INC.",
  "dbas": [],
  "city": "Edina",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-02-20",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-06-11",
  "carried_forward": false,
  "raum_total": 608657729.0,
  "raum_discretionary": 587540426.0,
  "raum_non_discretionary": 21117303.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 8,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 7258457.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 100341108.0,
      "count": 163
    },
    "high_net_worth_individuals": {
      "raum": 501058164.0,
      "count": 173
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "LA",
    "MN",
    "NM",
    "OR",
    "TX",
    "VA",
    "WI"
  ],
  "websites": [
    "https://cornerstonewealthadvisors.com",
    "https://linkedin.com/in/andrea-eaton-cfp",
    "https://linkedin.com/in/jonathan-guyton-cfp",
    "https://linkedin.com/in/olivia-flynn-cfp",
    "https://linkedin.com/in/sarakantor"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124947",
  "city_as_filed": "EDINA",
  "url": "https://advisorcensus.com/firm/cornerstone-wealth-advisors-inc-edina-mn-124947",
  "display_name": "Cornerstone Wealth Advisors, Inc.",
  "summary": "Cornerstone Wealth Advisors, Inc. is an SEC-registered investment advisory firm in Edina, MN, registered since 2003, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 11, 2026.",
  "citation": "AdvisorCensus. Cornerstone Wealth Advisors, Inc. (CRD 124947): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Cornerstone Wealth Advisors, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cornerstone Wealth Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Cornerstone Wealth Advisors, Inc. located?",
      "a": "Cornerstone Wealth Advisors, Inc.'s principal office is in Edina, MN, according to its Form ADV."
    },
    {
      "q": "Is Cornerstone Wealth Advisors, Inc. registered with the SEC or a state?",
      "a": "Cornerstone Wealth Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124947."
    },
    {
      "q": "How much does Cornerstone Wealth Advisors, Inc. manage?",
      "a": "Cornerstone Wealth Advisors, Inc. reports $608,657,729 in regulatory assets under management in its Form ADV filing dated June 11, 2026 (97% discretionary)."
    },
    {
      "q": "How have Cornerstone Wealth Advisors, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cornerstone Wealth Advisors, Inc.: Regulatory assets under management: $373,054,055 in the October 2021 data and $608,657,729 in the October 2026 data, up 63%. Total employees: 6 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Cornerstone Wealth Advisors, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (173); individuals (other than high net worth individuals) (163); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Cornerstone Wealth Advisors, Inc. use?",
      "a": "Cornerstone Wealth Advisors, Inc.'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."
    },
    {
      "q": "Does Cornerstone Wealth Advisors, Inc. 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/124947"
    },
    {
      "q": "Does Cornerstone Wealth Advisors, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 12, 2026 says: \"There is no minimum asset level or account size to establish an advisory relationship\""
    },
    {
      "q": "What changed in Cornerstone Wealth Advisors, Inc.'s recent Form ADV filings?",
      "a": "In the July 2026 filing data: Registered or notice-filed in OR."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 373054055.0,
      "total_employees": 6,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 454741261.0,
      "total_employees": 4,
      "filing_date": "2022-03-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 384379363.0,
      "total_employees": 4,
      "filing_date": "2023-02-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 445409622.0,
      "total_employees": 9,
      "filing_date": "2024-08-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 527770544.0,
      "total_employees": 8,
      "filing_date": "2025-03-12"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 608657729.0,
      "total_employees": 8,
      "filing_date": "2026-06-11"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Registered or notice-filed in OR."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $527,770,544 to $608,657,729 (+15%).",
        "Employees performing advisory functions went from 5 to 8.",
        "Registered or notice-filed in VA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 12, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no minimum asset level or account size to establish an advisory relationship"
        ]
      }
    ],
    "quotes": [
      "There is no minimum asset level or account size to establish an advisory relationship"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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-wealth-advisors-inc-edina-mn-124947.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 163,
      "fewer_than_5": false,
      "raum": 100341108.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 173,
      "fewer_than_5": false,
      "raum": 501058164.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 7258457.0
    }
  ],
  "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/124947",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}