# Fourthstone LLC

> Fourthstone LLC is an SEC-registered investment advisory firm in St. Louis, MO, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 169067
- Filed as: FOURTHSTONE LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Louis, MO
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169067
- AdvisorCensus page: https://advisorcensus.com/firm/fourthstone-llc-st-louis-mo-169067

## Quick answers

**How is Fourthstone LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Fourthstone LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Fourthstone LLC located?**
Fourthstone LLC's principal office is in St. Louis, MO, according to its Form ADV.

**Is Fourthstone LLC registered with the SEC or a state?**
Fourthstone LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 169067.

**How much does Fourthstone LLC manage?**
Fourthstone LLC reports $1,221,076,088 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Fourthstone LLC's assets and staff changed since 2021?**
In the Form ADV data for Fourthstone LLC: Regulatory assets under management: $252,853,451 in the October 2021 data and $1,221,076,088 in the October 2026 data, up 383%. Total employees: 7 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fourthstone LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does Fourthstone LLC 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/169067

**What changed in Fourthstone LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $957,522,312 to $1,221,076,088 (+28%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $1,221,076,088
- Discretionary: $1,221,076,088
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $1,221,076,088 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 12 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- 4thstone.com
- LinkedIn @Fourthstone
- X @4thstonefunds

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $252,853,451 | 7 | March 31, 2021 |
| October 2022 | $420,044,858 | 7 | March 29, 2022 |
| October 2023 | $614,360,245 | 10 | March 28, 2023 |
| October 2024 | $768,789,037 | 10 | March 26, 2024 |
| October 2025 | $957,522,312 | 12 | March 27, 2025 |
| October 2026 | $1,221,076,088 | 12 | March 30, 2026 |

Regulatory assets under management: $252,853,451 in the October 2021 data and $1,221,076,088 in the October 2026 data, up 383%.
Total employees: 7 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $957,522,312 to $1,221,076,088 (+28%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fourthstone LLC (CRD 169067): Form ADV filing data as of October 2026.