{"url":"https://nivawealth.com/firms/cornerstone-trust-management-services-170864","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/170864","regulatoryAum":1076565811,"crd":"170864","history":[{"filedOn":"2021-03-27","regulatoryAum":824259201,"clients":1,"employees":3,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":876354422,"clients":1,"employees":3,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":1004937600,"clients":1,"employees":3,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":999758000,"clients":1,"employees":3,"offices":1},{"filedOn":"2025-03-21","regulatoryAum":1157783942,"clients":1,"employees":3,"offices":1},{"filedOn":"2026-03-24","regulatoryAum":1076565811,"clients":1,"employees":2,"offices":1}],"secFileNumber":"801-79734","legalName":"Cornerstone Trust Management Services LLC","displayName":"Cornerstone Trust Management Services","slug":"cornerstone-trust-management-services-170864","website":null,"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"955 Keller Road, Suite 1500","city":"Altamonte Springs","state":"FL","stateName":"Florida","country":"United States","postalCode":"32714"},"tradeNames":[],"registration":{"secApproved":"23 May 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1076565811,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":1076565811,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Other","clients":1,"fewerThan5":true,"regulatoryAum":1076565811}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Regions Bank As Custodian","shortName":"Regions Bank As Custodian","location":"Birmingham, AL","smaAssets":1076565811}],"custodyNote":"Cornerstone Trust Management Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Lilly Donohue","title":"Chief Executive Officer and President","crd":"2480580"},{"name":"Scott Stefani","title":"Chief Financial Officer and Treasurer","crd":"7895203"},{"name":"William Corbett","title":"Chief Investment Officer","crd":"7894485"},{"name":"Karen Sheean","title":"Chief People Officer","crd":"6040573"},{"name":"Lorena Trujillo","title":"CCO, General Counsel, Secretary","crd":"7506563"}],"ownership":[{"label":"Cemetery Management Services, L.L.C.","detail":"Sole member in the 75% or more ownership band and a control person, since December 2001."},{"label":"Henlopen Memorial Park Subsidiary LLC","detail":"Indirect owner: a sole member of Cemetery Management Services, L.L.C. in the 75% or more band and a control person, since September 2004.","parent":"Cemetery Management Services, L.L.C."},{"label":"Cornerstone Family Services of West Virginia Subsidiary, Inc.","detail":"Indirect owner: a sole member of Henlopen Memorial Park Subsidiary LLC in the 75% or more band and a control person, since December 2009.","parent":"Henlopen Memorial Park Subsidiary LLC"},{"label":"Cornerstone Family Services of West Virginia LLC","detail":"Indirect owner: sole shareholder of Cornerstone Family Services of West Virginia Subsidiary, Inc. and a control person, since September 2004.","parent":"Cornerstone Family Services of West Virginia Subsidiary, Inc."},{"label":"Stonemor Operating LLC","detail":"Indirect owner: sole member of Cornerstone Family Services of West Virginia LLC and a control person, since September 2004.","parent":"Cornerstone Family Services of West Virginia LLC"},{"label":"Stonemor Partners L.P.","detail":"Indirect owner: a sole member of Stonemor Operating LLC in the 75% or more band and a control person, since September 2004.","parent":"Stonemor Operating LLC"},{"label":"Stonemor Inc.","detail":"Indirect owner: general partner of Stonemor Partners L.P. and a control person, since December 2019.","parent":"Stonemor Partners L.P."},{"label":"Stonemor LP Holdings, LLC","detail":"Indirect owner: a sole limited partner of Stonemor Partners L.P. in the 75% or more band, since December 2019.","parent":"Stonemor Partners L.P."},{"label":"Everstory Parent Corp.","detail":"Indirect owner: a sole shareholder of Stonemor Inc. in the 75% or more band and a control person, since November 2022.","parent":"Stonemor Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"955 Keller Road, Suite 1500","city":"Altamonte Springs","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"215-826-2800","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Other"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":93},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":0},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/170864/PDF/170864.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Cornerstone Trust Management Services have?","answer":"Cornerstone Trust Management Services has 1 client and manages $1.08 billion for them, as of March 2026. They include 1 other client.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Cornerstone Trust Management Services use?","answer":"Cornerstone Trust Management Services’ separately managed account assets are held at Regions Bank As Custodian (Birmingham, AL), with $1.08B. 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 Trust Management Services have?","answer":"Cornerstone Trust Management Services has 0 investment adviser representatives registered with state securities authorities, out of 2 employees, and 1 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 Trust Management Services invest in?","answer":"At the end of its last fiscal year, Cornerstone Trust Management Services’ separately managed accounts held 93% pooled vehicles (private funds and similar), 6% cash and equivalents and 1% registered funds (mutual funds, ETFs, BDCs).","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 Trust Management Services?","answer":"Cornerstone Trust Management Services is owned through a chain of holding companies by Stonemor LP Holdings, LLC and Everstory Parent Corp. Its direct owner is Cemetery Management Services, L.L.C. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cornerstone Trust Management Services get paid?","answer":"Cornerstone Trust Management Services is paid through a percentage of assets under management. 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 Trust Management Services?","answer":"Cornerstone Trust Management Services’ main office is at 955 Keller Road, Suite 1500, Altamonte Springs, FL 32714. Its phone number is 215-826-2800.","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."}