Cornerstone Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Cornerstone Wealth Advisors reports 337 clients. They include 173 high-net-worth individuals, 163 individual clients and 1 charitable organization. Of its assets, 96.5% ($588M across 1,444 accounts) are managed with discretion; $21.1M across 35 accounts are not. Of its clients, 1% are outside the U.S. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 48% | 16% |
| High-net-worth individuals | 51% | 82% |
| Charitable organizations | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 163 | $100M | 16.5% | $616K |
| High-net-worth individuals | 173 | $501M | 82.3% | $2.9M |
| Charitable organizations | Fewer than 5 | $7.26M | 1.2% | $7.26M |
| Total | 337 | $609M | 100% | — |
- Clients
- 163
- Regulatory AUM
- $100M
- AUM share
- 16.5%
- Avg. per client
- $616K
- Clients
- 173
- Regulatory AUM
- $501M
- AUM share
- 82.3%
- Avg. per client
- $2.9M
- Clients
- Fewer than 5
- Regulatory AUM
- $7.26M
- AUM share
- 1.2%
- Avg. per client
- $7.26M
Total
- Clients
- 337
- Regulatory AUM
- $609M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Cornerstone Wealth Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees). 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
- Comprehensive Financial Planning, Advice and Investment Management
- Asset-based fee of 1.00% on the first $1,000,000, declining above various thresholds to 0.25% on assets over $10,000,000; billed quarterly in arrears with a $5,000 minimum annual fee.
- Comprehensive Retirement Planning, Advice and Investment Management
- A fixed fee of $3,000 to $40,000 a year for the planning and advice portion, plus an asset-based fee of 0.40% on the first $1,000,000 declining to 0.10% over $10,000,000; $5,000 minimum total.
Andrea Eaton owns 50% to 75% of Cornerstone Wealth Advisors. The leadership team of Cornerstone Wealth Advisors includes Chief Compliance Officer Jonathan Guyton. It has 8 employees.
Staff
- 8 employees
- 8 in advisory functions
- 5 state-registered reps
- Owns 50% to 75% of Cornerstone Wealth Advisors, Inc.
Andrea Eaton
Control person · since December 2019
- Owns 25% to 50% of Cornerstone Wealth Advisors, Inc.
Jonathan Guyton
Control person · since February 2003
Cornerstone Wealth Advisors’ regulatory assets grew 1.6× from $373M (March 2021) to $609M (June 2026); clients rose from 277 to 337 and employees from 6 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $609M | 337 | 8 | 1 |
| Mar 2025March 2025 | $528M | 329 | 8 | 1 |
| Mar 2024March 2024 | $445M | 323 | 9 | 1 |
| Feb 2023February 2023 | $384M | 313 | 4 | 1 |
| Mar 2022March 2022 | $455M | 387 | 4 | 1 |
| Mar 2021March 2021 | $373M | 277 | 6 | 1 |
Besides its headquarters, Cornerstone Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 3300 Edinborough Way, Suite 450, EdinaHQ
Contact and registration details
- Legal name
- Cornerstone Wealth Advisors, Inc.
- Headquarters
- 3300 Edinborough Way, Suite 450, Edina, MN 55435
- Phone
- 952-920-3900
- SEC file
- 801-61799
- Founded
- 1990
- Structure
- Minnesota corporation
- Fiscal year end
- December
Cornerstone Wealth Advisors’ named custodian for separately managed accounts is Charles Schwab ($602M). Cornerstone Wealth Advisors has custody of $304M for 217 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $602M100%
At year end, Cornerstone Wealth Advisors’ separately managed accounts were mostly in funds (93%). Its reported 13F holdings for the quarter ended 30 June 2026 total $477M across 55 positions; the largest are Schwab Strategic TR (21.3%), Vanguard Scottsdale Fds (13.3%) and Schwab Strategic TR (11.3%).
What the accounts hold
- Stocks3%
- Funds93%
- Bonds2%
- Cash2%
How many clients does Cornerstone Wealth Advisors have?
Cornerstone Wealth Advisors has 337 clients and manages $609 million for them, as of June 2026. They include 173 high-net-worth individuals, 163 individual clients and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 June 2026
What services does Cornerstone Wealth Advisors offer?
Cornerstone Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Cornerstone Wealth Advisors use?
Cornerstone Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $602M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 June 2026
How many financial advisors does Cornerstone Wealth Advisors have?
Cornerstone Wealth Advisors has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 8 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 Wealth Advisors invest in?
At the end of its last fiscal year, Cornerstone Wealth Advisors’ separately managed accounts held 93% registered funds (mutual funds, ETFs, BDCs), 3% exchange-traded equities, 2% U.S. government and agency bonds and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cornerstone Wealth Advisors?
Cornerstone Wealth Advisors’ direct owners are Jonathan Guyton (25% to 50%) and Andrea Eaton (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 June 2026
How does Cornerstone Wealth Advisors get paid?
Cornerstone Wealth Advisors is paid through a percentage of assets under management 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 Wealth Advisors?
Cornerstone Wealth Advisors’ main office is at 3300 Edinborough Way, Suite 450, Edina, MN 55435. Its phone number is 952-920-3900. Its website is cornerstonewealthadvisors.com.