Cornerstone Investment Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Cornerstone Investment Advisors reports 122 clients. They include 58 high-net-worth individuals, 57 individual clients and 5 other clients. Of its assets, 78.0% ($141M across 185 accounts) are managed with discretion; $39.7M across 75 accounts are not. Of its clients, 1% are outside the U.S. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 47% | 14% |
| High-net-worth individuals | 48% | 80% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
| Other | 4% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 57 | $25M | 13.8% | $438K |
| High-net-worth individuals | 58 | $144M | 79.7% | $2.48M |
| Charitable organizations | Fewer than 5 | $1.02M | 0.6% | $1.02M |
| Corporations and other businesses | Fewer than 5 | $374K | 0.2% | $374K |
| Other | 5 | $10.4M | 5.7% | $2.07M |
| Total | 122 | $181M | 100% | — |
- Clients
- 57
- Regulatory AUM
- $25M
- AUM share
- 13.8%
- Avg. per client
- $438K
- Clients
- 58
- Regulatory AUM
- $144M
- AUM share
- 79.7%
- Avg. per client
- $2.48M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.02M
- AUM share
- 0.6%
- Avg. per client
- $1.02M
- Clients
- Fewer than 5
- Regulatory AUM
- $374K
- AUM share
- 0.2%
- Avg. per client
- $374K
- Clients
- 5
- Regulatory AUM
- $10.4M
- AUM share
- 5.7%
- Avg. per client
- $2.07M
Total
- Clients
- 122
- Regulatory AUM
- $181M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Cornerstone Investment Advisors is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is billed hourly at a maximum negotiable rate of $300 per hour, as a fixed fee generally from $1,000 to $10,000, or by retainer.
- Pension consulting
- Pension consulting is negotiated case by case on hourly, fixed or asset-based fees, stated in the signed Pension Consulting Agreement.
David Darmour owns 50% to 75% of Cornerstone Investment Advisors. The leadership team of Cornerstone Investment Advisors includes Chief Compliance Officer David Darmour. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 50% to 75% of Cornerstone Investment Advisors, LLC
David Darmour
Control person · since September 2001
- Owns 25% to 50% of Cornerstone Investment Advisors, LLC
Dennis Channer
Control person · since September 2001
Cornerstone Investment Advisors’ regulatory assets grew from $164M (April 2021) to $181M (March 2026); clients fell from 184 to 122 and employees from 4 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $181M | 122 | 2 | 1 |
| Mar 2025March 2025 | $153M | 121 | 2 | 1 |
| Mar 2024March 2024 | $147M | 130 | 2 | 1 |
| Mar 2023March 2023 | $129M | 136 | 2 | 1 |
| Mar 2022March 2022 | $140M | 133 | 2 | 1 |
| Apr 2021April 2021 | $164M | 184 | 4 | 1 |
Besides its headquarters, Cornerstone Investment Advisors has 0 offices, with 1 listed address in 1 state.
Colorado · 1 listed address
- 1790 38th Street, Suite 207, BoulderHQ
Contact and registration details
- Legal name
- Cornerstone Investment Advisors, LLC
- Headquarters
- 1790 38th Street, Suite 207, Boulder, CO 80301
- Website
- Not reported
- Phone
- 303-545-5400
- SEC file
- 801-63198
- Structure
- Colorado LLC
- Fiscal year end
- December
Cornerstone Investment Advisors’ named custodians for separately managed accounts are Charles Schwab ($149M, 83%), Fidelity ($28.4M, 16%) and Midfirst Trust ($2.68M, 1%). Cornerstone Investment Advisors has custody of $43.1M for 46 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $28.4M16%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $149M83%
- Midfirst TrustMidfirst Trust · Oklahoma City, OK · $2.68M1%
At year end, Cornerstone Investment Advisors’ separately managed accounts were largely in funds (47%) and stocks (43%).
What the accounts hold
- Stocks43%
- Funds47%
- Bonds7%
- Investment grade corporate bonds5%
- U.S. government and agency bonds2%
- Cash3%
How many clients does Cornerstone Investment Advisors have?
Cornerstone Investment Advisors has 122 clients and manages $181 million for them, as of March 2026. They include 58 high-net-worth individuals, 57 individual clients and 5 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Cornerstone Investment Advisors offer?
Cornerstone Investment Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cornerstone Investment Advisors use?
Cornerstone Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $149M, Fidelity Brokerage Services LLC (Smithfield, RI), with $28.4M and Midfirst Trust (Oklahoma City, OK), with $2.68M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Cornerstone Investment Advisors have?
Cornerstone Investment Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Investment Advisors invest in?
At the end of its last fiscal year, Cornerstone Investment Advisors’ separately managed accounts held 47% registered funds (mutual funds, ETFs, BDCs), 43% exchange-traded equities, 5% investment grade corporate bonds, 3% cash and equivalents and 2% 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 Investment Advisors?
Cornerstone Investment Advisors’ direct owners are Dennis Channer (25% to 50%) and David Darmour (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Cornerstone Investment Advisors get paid?
Cornerstone Investment Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Investment Advisors?
Cornerstone Investment Advisors’ main office is at 1790 38th Street, Suite 207, Boulder, CO 80301. Its phone number is 303-545-5400.