Cornerstone Enterprises provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year.
Cornerstone Enterprises reports 579 clients. They include 523 individual clients and 56 high-net-worth individuals. Of its assets, 99.7% ($219M across 1,427 accounts) are managed with discretion; $695K across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 51% |
| High-net-worth individuals | 10% | 49% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 523 | $112M | 51.0% | $215K |
| High-net-worth individuals | 56 | $108M | 49.0% | $1.93M |
| Total | 579 | $220M | 100% | $380K |
- Clients
- 523
- Regulatory AUM
- $112M
- AUM share
- 51.0%
- Avg. per client
- $215K
- Clients
- 56
- Regulatory AUM
- $108M
- AUM share
- 49.0%
- Avg. per client
- $1.93M
Total
- Clients
- 579
- Regulatory AUM
- $220M
- AUM share
- 100%
- Avg. per client
- $380K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Cornerstone Enterprises charges up to 1.13% a year for its Asset Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning & Consulting
- Flat fees for financial planning and consulting will not exceed $100,000, and the maximum annual recurring fee will not exceed $75,000.
- Retirement Plan Consulting
- Flat fees will not exceed $100,000; fees based on a percentage of managed plan assets will not exceed 1.00%.
Leonard Financial LLC owns 75% or more of Cornerstone Enterprises and is in turn owned by Troy Leonard (75% or more). The leadership team of Cornerstone Enterprises includes Chief Compliance Officer Troy Leonard. It has 5 employees.
Staff
- 5 employees
- 5 in advisory functions
- 5 state-registered reps
- 5 insurance agents
- Owns 75% or more of Cornerstone Enterprises, LLC
Leonard Financial LLC
Control person · since December 2022
- Owns 75% or more of Leonard Financial LLC
Troy Leonard
Control person · since December 2022
- Owns 10% to 25% of Cornerstone Enterprises, LLC
McCauley Algoma Holdings LLC
since December 2022
- Owns 75% or more of McCauley Algoma Holdings LLC
Guy McCauley
Control person · since December 2022
Cornerstone Enterprises’ regulatory assets grew 2.1× from $103M (August 2023) to $220M (February 2026); clients fell from 847 to 579 and employees from 10 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $220M | 579 | 5 | 3 |
| Mar 2025March 2025 | $184M | 451 | 7 | 3 |
| Mar 2024March 2024 | $147M | 395 | 4 | 3 |
| Aug 2023August 2023 | $103M | 847 | 10 | 3 |
Besides its headquarters, Cornerstone Enterprises has 2 offices, with 3 listed addresses across 2 states.
Wisconsin · 2 listed addresses
- 158 E Northland Ave, AppletonHQ
- 525 Fourth Street, Algoma
Florida · 1 listed address
- 3637 4th St N, St. Petersburg
Contact and registration details
- Legal name
- Cornerstone Enterprises, LLC
- Headquarters
- 158 E Northland Ave, Appleton, WI 54911
- Website
- cfgwi.com
- Phone
- 920-832-3821
- SEC file
- 801-127126
- Structure
- Wisconsin LLC
- Fiscal year end
- December
Cornerstone Enterprises’ named custodian for separately managed accounts is Charles Schwab ($221M). Cornerstone Enterprises does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $221M100%
At year end, Cornerstone Enterprises’ separately managed accounts were largely in funds (49%) and stocks (48%). Its reported 13F holdings for the quarter ended 30 June 2026 total $219M across 42 positions; the largest are SPDR Series Trust (17.6%), J P Morgan Exchange Traded F (14.6%) and Schwab Strategic TR (7.6%).
What the accounts hold
- Stocks48%
- Funds49%
- Bonds1%
- Cash2%
How many clients does Cornerstone Enterprises have?
Cornerstone Enterprises has 579 clients and manages $220 million for them, as of February 2026. They include 523 individual clients and 56 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 February 2026
What services does Cornerstone Enterprises offer?
Cornerstone Enterprises provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cornerstone Enterprises charge?
Cornerstone Enterprises charges up to 1.13% a year for its Asset Management. The fee is billed in advance and is negotiable.
Which custodians does Cornerstone Enterprises use?
Cornerstone Enterprises’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $221M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 February 2026
How many financial advisors does Cornerstone Enterprises have?
Cornerstone Enterprises has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 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
What does Cornerstone Enterprises invest in?
At the end of its last fiscal year, Cornerstone Enterprises’ separately managed accounts held 49% registered funds (mutual funds, ETFs, BDCs), 48% exchange-traded equities, 2% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cornerstone Enterprises?
Cornerstone Enterprises is owned through holding companies by Guy McCauley and Troy Leonard. Its direct owners are McCauley Algoma Holdings LLC (10% to 25%) and Leonard Financial LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 February 2026
How does Cornerstone Enterprises get paid?
Cornerstone Enterprises is paid through a percentage of assets under management, hourly charges and fixed fees. 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
How do I contact Cornerstone Enterprises?
Cornerstone Enterprises’ main office is at 158 E Northland Ave, Appleton, WI 54911. Its phone number is 920-832-3821. Its website is cfgwi.com.
