{
  "crd_number": 106950,
  "slug": "cornerstone-wealth-management-westlake-oh-106950",
  "primary_business_name": "CORNERSTONE WEALTH MANAGEMENT",
  "legal_name": "DAGCO, INC.",
  "dbas": [],
  "city": "Westlake",
  "state": "OH",
  "country": "United States",
  "cbsa_code": "17410",
  "metro": {
    "cbsa_code": "17410",
    "common_name": "Cleveland",
    "msa_name": "Cleveland, OH",
    "path": "/advisors/oh/cleveland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1996-02-01",
  "years_registered": 30,
  "period": "2026-10-01",
  "filing_date": "2026-09-17",
  "carried_forward": false,
  "raum_total": 628669491.0,
  "raum_discretionary": 620608534.0,
  "raum_non_discretionary": 8060957.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 8,
  "advisory_employees": 4,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 18727221.0,
      "count": 7
    },
    "individuals": {
      "raum": 81321060.0,
      "count": 272
    },
    "pension_profit_sharing": {
      "raum": 4986125.0,
      "count": 9
    },
    "high_net_worth_individuals": {
      "raum": 346228084.0,
      "count": 104
    },
    "corporations_other_businesses": {
      "raum": 177407001.0,
      "count": 71
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IL",
    "KY",
    "LA",
    "MI",
    "NH",
    "NJ",
    "OH",
    "TX"
  ],
  "websites": [
    "https://cornerstonewealthmgmt.com",
    "https://facebook.com/profile.php?id=61582772305187",
    "https://fee-onlyadvisor.com",
    "https://linkedin.com/company/1209533/admin"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106950",
  "city_as_filed": "WESTLAKE",
  "url": "https://advisorcensus.com/firm/cornerstone-wealth-management-westlake-oh-106950",
  "display_name": "Cornerstone Wealth Management",
  "summary": "Cornerstone Wealth Management is an SEC-registered investment advisory firm in Westlake, OH, registered since 1996, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 17, 2026.",
  "citation": "AdvisorCensus. Cornerstone Wealth Management (CRD 106950): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Cornerstone Wealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cornerstone Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Cornerstone Wealth Management located?",
      "a": "Cornerstone Wealth Management's principal office is in Westlake, OH, according to its Form ADV."
    },
    {
      "q": "Is Cornerstone Wealth Management registered with the SEC or a state?",
      "a": "Cornerstone Wealth Management is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 106950."
    },
    {
      "q": "How much does Cornerstone Wealth Management manage?",
      "a": "Cornerstone Wealth Management reports $628,669,491 in regulatory assets under management in its Form ADV filing dated September 17, 2026 (99% discretionary)."
    },
    {
      "q": "How have Cornerstone Wealth Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cornerstone Wealth Management: Regulatory assets under management: $284,148,251 in the October 2021 data and $628,669,491 in the October 2026 data, up 121%. 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 Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (272); high net worth individuals (104); corporations or other businesses not listed above (71)."
    },
    {
      "q": "Which custodians does Cornerstone Wealth Management use?",
      "a": "Cornerstone Wealth Management'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 Management 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/106950"
    },
    {
      "q": "What changed in Cornerstone Wealth Management's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Registered or notice-filed in IL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 284148251.0,
      "total_employees": 6,
      "filing_date": "2021-02-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 352887541.0,
      "total_employees": 7,
      "filing_date": "2022-08-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 329921552.0,
      "total_employees": 8,
      "filing_date": "2023-04-11"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 420993061.0,
      "total_employees": 8,
      "filing_date": "2024-04-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 518388665.0,
      "total_employees": 8,
      "filing_date": "2025-04-03"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 628669491.0,
      "total_employees": 8,
      "filing_date": "2026-09-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Registered or notice-filed in IL."
      ]
    },
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Registered or notice-filed in AZ."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $518,388,665 to $628,669,491 (+21%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "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-management-westlake-oh-106950.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 272,
      "fewer_than_5": false,
      "raum": 81321060.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 104,
      "fewer_than_5": false,
      "raum": 346228084.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 4986125.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 7,
      "fewer_than_5": false,
      "raum": 18727221.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 71,
      "fewer_than_5": false,
      "raum": 177407001.0
    }
  ],
  "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/106950",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}