{"url":"https://nivawealth.com/firms/cornerstone-investment-advisors-116447","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/116447","regulatoryAum":180835242,"crd":"116447","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1644005","suffix":null,"lastName":"CHANNER","firstName":"DENNIS","middleName":"ELDON"},{"crd":"2382704","suffix":null,"lastName":"DARMOUR","firstName":"DAVID","middleName":null}],"total":2,"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":"2021-04-07","regulatoryAum":163662931,"clients":184,"employees":4,"offices":1},{"filedOn":"2022-03-22","regulatoryAum":139695463,"clients":133,"employees":2,"offices":1},{"filedOn":"2023-03-29","regulatoryAum":128716038,"clients":136,"employees":2,"offices":1},{"filedOn":"2024-03-25","regulatoryAum":147457931,"clients":130,"employees":2,"offices":1},{"filedOn":"2025-03-27","regulatoryAum":152838487,"clients":121,"employees":2,"offices":1},{"filedOn":"2026-03-24","regulatoryAum":180835242,"clients":122,"employees":2,"offices":1}],"secFileNumber":"801-63198","legalName":"Cornerstone Investment Advisors, LLC","displayName":"Cornerstone Investment Advisors","slug":"cornerstone-investment-advisors-116447","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Colorado limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1790 38th Street, Suite 207","city":"Boulder","state":"CO","stateName":"Colorado","country":"United States","postalCode":"80301"},"tradeNames":[],"registration":{"secApproved":"3 June 2004","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1470265.9391304348,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":180835242,"discretionary":141120657,"discretionaryAccounts":185,"nonDiscretionary":39714585,"nonDiscretionaryAccounts":75,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":3},"clientTypes":[{"label":"Individuals (other than HNW)","clients":57,"regulatoryAum":24993732},{"label":"High-net-worth individuals","clients":58,"regulatoryAum":144086851},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":1021143},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":373935},{"label":"Other","clients":5,"regulatoryAum":10359581}],"feePrograms":[{"role":"other","program":"Financial planning","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025343","versionId":1025343,"submittedOn":"2026-03-24","documentName":"FIRM BROCHURE ADV PART 2A"},{"role":"other","program":"Pension consulting","summary":"Pension consulting is negotiated case by case on hourly, fixed or asset-based fees, stated in the signed Pension Consulting Agreement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025343","versionId":1025343,"submittedOn":"2026-03-24","documentName":"FIRM BROCHURE ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T12:22:54.192529+00:00","documents":[{"name":"FIRM BROCHURE ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025343","versionId":1025343,"submittedOn":"2026-03-24"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":28394752},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":148865327},{"name":"Midfirst Trust","shortName":"Midfirst Trust","location":"Oklahoma City, OK","smaAssets":2676733}],"custodyNote":"Cornerstone Investment Advisors has custody of $43.1M in client assets for 46 clients.","otherCustodians":[],"leadership":[{"name":"David Darmour","title":"Member/Chief Compliance Officer","crd":"2382704"},{"name":"Dennis Channer","title":"Member","crd":"1644005"}],"ownership":[{"label":"Dennis Channer","detail":"Member in the 25% to 50% ownership band and a control person, since September 2001."},{"label":"David Darmour","detail":"Member/chief compliance officer in the 50% to 75% ownership band and a control person, since September 2001."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Colorado","offices":1,"addresses":[{"street":"1790 38th Street, Suite 207","city":"Boulder","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"303-545-5400","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":43},{"label":"U.S. government/agency bonds","percent":2},{"label":"Investment grade corporate bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":47},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/116447/PDF/116447.pdf","brochureDate":"24 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025343","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 Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cornerstone Investment Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Cornerstone Investment Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cornerstone Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cornerstone Investment Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cornerstone Investment Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cornerstone Investment Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Cornerstone Investment Advisors?","answer":"Cornerstone Investment Advisors’ main office is at 1790 38th Street, Suite 207, Boulder, CO 80301. Its phone number is 303-545-5400.","source":"Form ADV Part 1A, Item 1.F, filed 24 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."}