{"url":"https://nivawealth.com/firms/cornerstone-professional-advisor-services-115122","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/115122","regulatoryAum":110269757,"crd":"115122","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"863524","suffix":null,"lastName":"FIGLIOLIA","firstName":"ALFONSO","middleName":"GEORGE"},{"crd":"1012404","suffix":"MS","lastName":"LUNDBERG","firstName":"HOLLY","middleName":"ANN"},{"crd":"4449047","suffix":null,"lastName":"MADONNA","firstName":"STEVEN","middleName":null},{"crd":"1236243","suffix":"III","lastName":"MONTGOMERY","firstName":"WILKINS","middleName":"HENRY"},{"crd":"1009784","suffix":null,"lastName":"WELGER","firstName":"MICHAEL","middleName":"STEVEN"}],"total":5,"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":"2021-03-18","regulatoryAum":75203178,"clients":530,"employees":19,"offices":5},{"filedOn":"2022-03-14","regulatoryAum":94277901,"clients":509,"employees":19,"offices":5},{"filedOn":"2023-03-03","regulatoryAum":75665204,"clients":336,"employees":19,"offices":5},{"filedOn":"2024-03-28","regulatoryAum":82359960,"clients":432,"employees":18,"offices":4},{"filedOn":"2025-04-02","regulatoryAum":88740867,"clients":340,"employees":14,"offices":4},{"filedOn":"2026-03-19","regulatoryAum":110269757,"clients":366,"employees":14,"offices":4}],"secFileNumber":"801-61925","legalName":"Cornerstone Professional Advisor Services, LLC","displayName":"Cornerstone Professional Advisor Services","slug":"cornerstone-professional-advisor-services-115122","website":"https://cpasllc.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New York limited liability company","fiscalYearEnd":"December","headquarters":{"street":"9 Endo BLVD.","city":"Garden City","state":"NY","stateName":"New York","country":"United States","postalCode":"11530"},"tradeNames":[],"registration":{"secApproved":"26 July 2002","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":282434.82386363635,"staff":{"employees":14,"advisory":3,"brokerDealerReps":1,"insuranceAgents":7,"promoters":0},"aum":{"regulatory":110269757,"discretionary":99417058,"discretionaryAccounts":442,"nonDiscretionary":10852699,"nonDiscretionaryAccounts":14,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":326,"regulatoryAum":48477885},{"label":"High-net-worth individuals","clients":26,"regulatoryAum":50939173},{"label":"Pension and profit-sharing plans","clients":14,"regulatoryAum":10852699}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T12:19:57.676165+00:00","documents":[{"name":"FORM ADV, PART 2A - CPASLLC - MARCH 16, 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1021706","versionId":1021706,"submittedOn":"2026-03-19"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1021707","versionId":1021707,"submittedOn":null}]},"custodians":[{"name":"SEI Private Trust Company","shortName":"SEI Private Trust","location":"Oaks, PA","smaAssets":99417058}],"custodyNote":"Cornerstone Professional Advisor Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Alfonso Figliolia","title":"Member","crd":"863524"},{"name":"Steven Madonna","title":"Member","crd":"4449047"},{"name":"Steve Solano","title":"CCO","crd":"1650853"}],"ownership":[{"label":"Steven Madonna","detail":"Member in the 50% to 75% ownership band and a control person, since February 2001."},{"label":"Alfonso Figliolia","detail":"Member in the 50% to 75% ownership band and a control person, since February 2001."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"Mississippi","offices":1,"addresses":[{"street":"5800 Anderson Road","city":"Edwards"}]},{"state":"New York","offices":3,"addresses":[{"street":"9 Endo BLVD.","city":"Garden City","headquarters":true},{"street":"2788 Carr Court","city":"Yorktown Heights"},{"street":"66 South Tyson Ave.","city":"Floral Park"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"516-408-1160","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":11},{"label":"U.S. government/agency bonds","percent":3},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":70},{"label":"Cash and cash equivalents","percent":14}],"privateFunds":0},"sources":{"adv1FilingDate":"19 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/115122/PDF/115122.pdf","brochureDate":"19 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1021706","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 Professional Advisor Services have?","answer":"Cornerstone Professional Advisor Services has 366 clients and manages $110 million for them, as of March 2026. They include 326 individual clients, 26 high-net-worth individuals, and 14 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cornerstone Professional Advisor Services offer?","answer":"Cornerstone Professional Advisor Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, 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 Professional Advisor Services use?","answer":"Cornerstone Professional Advisor Services’ separately managed account assets are held at SEI Private Trust Company (Oaks, PA), with $99.4M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cornerstone Professional Advisor Services have?","answer":"Cornerstone Professional Advisor Services has 4 investment adviser representatives registered with state securities authorities, out of 14 employees, and 3 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 7 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 Professional Advisor Services invest in?","answer":"At the end of its last fiscal year, Cornerstone Professional Advisor Services’ separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 14% cash and equivalents, 11% exchange-traded equities, 3% U.S. government and agency bonds and 2% investment grade corporate 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 Professional Advisor Services?","answer":"Cornerstone Professional Advisor Services’ direct owners are Steven Madonna (50% to 75%) and Alfonso Figliolia (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cornerstone Professional Advisor Services get paid?","answer":"Cornerstone Professional Advisor Services is paid through a percentage of assets under management 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 Professional Advisor Services?","answer":"Cornerstone Professional Advisor Services’ main office is at 9 Endo BLVD., Garden City, NY 11530. Its phone number is 516-408-1160. Its website is cpasllc.com.","source":"Form ADV Part 1A, Item 1.F, filed 19 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."}