{"url":"https://nivawealth.com/firms/cornerstone-advisors-114510","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/114510","regulatoryAum":265133083,"crd":"114510","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6281331","suffix":null,"lastName":"BUCHOLTZ","firstName":"MARK","middleName":"WARREN"},{"crd":"5880112","suffix":null,"lastName":"SORENSEN","firstName":"JEFFREY","middleName":"A"},{"crd":"5252112","suffix":null,"lastName":"WALKER","firstName":"SHAWN","middleName":"ALLAN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-15","regulatoryAum":199920986,"clients":429,"employees":4,"offices":1},{"filedOn":"2022-03-08","regulatoryAum":225729500,"clients":448,"employees":4,"offices":1},{"filedOn":"2023-08-08","regulatoryAum":194244799,"clients":443,"employees":3,"offices":1},{"filedOn":"2024-03-22","regulatoryAum":218023298,"clients":602,"employees":2,"offices":1},{"filedOn":"2025-03-20","regulatoryAum":244695549,"clients":459,"employees":2,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":265133083,"clients":470,"employees":2,"offices":1}],"secFileNumber":"801-110649","legalName":"Cornerstone Advisors, LLC","displayName":"Cornerstone Advisors","slug":"cornerstone-advisors-114510","website":"https://cstonegroup.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Kansas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"6540 SW 10th Avenue","city":"Topeka","state":"KS","stateName":"Kansas","country":"United States","postalCode":"66615"},"tradeNames":[],"registration":{"secApproved":"23 June 2017","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":569758.6379310344,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":265133083,"discretionary":240136599,"discretionaryAccounts":1016,"nonDiscretionary":24996484,"nonDiscretionaryAccounts":123,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":364,"regulatoryAum":79208678},{"label":"High-net-worth individuals","clients":100,"regulatoryAum":185159330},{"label":"Pension and profit-sharing plans","clients":3,"fewerThan5":true,"regulatoryAum":12286},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":6},{"label":"Corporations and other businesses","clients":2,"fewerThan5":true,"regulatoryAum":752783}],"feePrograms":[{"role":"main","program":"Investment management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034349","versionId":1034349,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-31","documentName":"PART 2A BROCHURE","fee_rate_low":null,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Consulting (hourly)","summary":"Hourly consulting fees range from $150 to $300, depending on the extent and complexity of the project, billed as services are rendered.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034349","versionId":1034349,"submittedOn":"2026-03-31","documentName":"PART 2A BROCHURE"},{"role":"other","program":"Financial planning (hourly)","summary":"Hourly fees for financial plans range from $150 to $300; fees are negotiable and paid in arrears on delivery of the plan.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034349","versionId":1034349,"submittedOn":"2026-03-31","documentName":"PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:18:22.65724+00:00","documents":[{"name":"PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034349","versionId":1034349,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Fransisco, CA","smaAssets":260938948}],"custodyNote":"Cornerstone Advisors has custody of $28M in client assets for 13 clients.","leadership":[{"name":"Mark Bucholtz","title":"Owner, Chief Compliance Officer","crd":"6281331"},{"name":"Jeffrey Sorensen","title":"Owner","crd":"5880112"}],"ownership":[{"label":"Mark Bucholtz","detail":"Owner, chief compliance officer in the 50% to 75% ownership band and a control person, since March 2023."},{"label":"Jeffrey Sorensen","detail":"Owner in the 50% to 75% ownership band and a control person, since March 2023."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Kansas","offices":1,"addresses":[{"street":"6540 SW 10th Avenue","city":"Topeka","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"785-273-2685","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":79},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":4},{"label":"Cash and cash equivalents","percent":7},{"label":"Other","percent":2,"detail":"Private Placements"}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/114510/PDF/114510.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034349","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Cornerstone Advisors have?","answer":"Cornerstone Advisors has 470 clients and manages $265 million for them, as of March 2026. They include 364 individual clients, 100 high-net-worth individuals, and 3 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cornerstone Advisors offer?","answer":"Cornerstone Advisors provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Cornerstone Advisors charge?","answer":"Cornerstone Advisors charges up to 1.00% a year for its Investment management. The fee is billed in arrears and is negotiable.","source":"PART 2A BROCHURE, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Cornerstone Advisors use?","answer":"Cornerstone Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Fransisco, CA), with $261M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cornerstone Advisors have?","answer":"Cornerstone Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cornerstone Advisors invest in?","answer":"At the end of its last fiscal year, Cornerstone Advisors’ separately managed accounts held 79% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities, 7% cash and equivalents, 4% pooled vehicles (private funds and similar) and 2% other. The 2% other category is described as: Private Placements.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cornerstone Advisors?","answer":"Cornerstone Advisors’ direct owners are Mark Bucholtz (50% to 75%) and Jeffrey Sorensen (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cornerstone Advisors get paid?","answer":"Cornerstone Advisors is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Cornerstone Advisors registered with the SEC?","answer":"Yes, Cornerstone Advisors has been registered with the SEC as an investment adviser since 23 June 2017. Its CRD number is 114510 and its SEC file number is 801-110649.","source":"Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Cornerstone Advisors?","answer":"Cornerstone Advisors’ main office is at 6540 SW 10th Avenue, Topeka, KS 66615. Its phone number is 785-273-2685. Its website is cstonegroup.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}