{"url":"https://nivawealth.com/firms/cornerstone-wealth-advisors-309544","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/309544","regulatoryAum":145630000,"crd":"309544","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6377547","suffix":null,"lastName":"BARRETT","firstName":"DENISE","middleName":"AILEEN"},{"crd":"1588638","suffix":null,"lastName":"SALINAS","firstName":"LUCINDA","middleName":"A"},{"crd":"5261051","suffix":null,"lastName":"SELLMAN","firstName":"MICHAEL","middleName":"W"},{"crd":"7048457","suffix":null,"lastName":"Ziegler","firstName":"Cameron","middleName":"Joseph"}],"total":4,"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":"2025-06-16","regulatoryAum":110200000,"clients":162,"employees":4,"offices":3},{"filedOn":"2026-02-13","regulatoryAum":145630000,"clients":157,"employees":4,"offices":3}],"secFileNumber":"801-132490","legalName":"Cornerstone 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2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":916129.0322580645,"staff":{"employees":4,"advisory":4,"brokerDealerReps":0,"insuranceAgents":3,"promoters":3},"aum":{"regulatory":145630000,"discretionary":140130000,"discretionaryAccounts":423,"nonDiscretionary":5500000,"nonDiscretionaryAccounts":2,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":105,"regulatoryAum":25000000},{"label":"High-net-worth individuals","clients":50,"regulatoryAum":117000000},{"label":"Pension and profit-sharing plans","clients":1,"regulatoryAum":3500000},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":130000}],"feePrograms":[{"role":"other","program":"ERISA Plan Services","summary":"Annual fees based on the market value of included assets, not to exceed 1.5%, billed quarterly in arrears.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008762","versionId":1008762,"submittedOn":"2026-02-13","documentName":"FORM ADV PART 2A & 2B SEC"},{"role":"other","program":"Financial Planning (Fixed Fee)","summary":"Financial planning is offered at a maximum flat fee of $10,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008762","versionId":1008762,"submittedOn":"2026-02-13","documentName":"FORM ADV PART 2A & 2B SEC"},{"role":"other","program":"Financial Planning (Hourly)","summary":"Financial planning is offered at an hourly fee of $250 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008762","versionId":1008762,"submittedOn":"2026-02-13","documentName":"FORM ADV PART 2A & 2B SEC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T16:38:30.861117+00:00","documents":[{"name":"FORM ADV PART 2A & 2B SEC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008762","versionId":1008762,"submittedOn":"2026-02-13"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":142000000}],"custodyNote":"Cornerstone Wealth Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Denise Barrett","title":"Chief Executive Officer","crd":"6377547"},{"name":"Michael Sellman","title":"Chief Compliance Officer","crd":"5261051"}],"ownership":[{"label":"Michael Sellman","detail":"Chief compliance officer in the 25% to 50% ownership band and a control person, since February 2014."},{"label":"Denise Barrett","detail":"Chief executive officer in the 50% to 75% ownership band and a control person, since August 2014."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"1808 Aston Avenue, Suite 150","city":"Carlsbad","headquarters":true},{"street":"34155 Pacific Coast Highway","city":"Dana Point"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"760-476-1376","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"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":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":42},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":9,"detail":"Alternative Investments"}],"privateFunds":0},"sources":{"adv1FilingDate":"13 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/309544/PDF/309544.pdf","brochureDate":"13 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008762","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 Wealth Advisors have?","answer":"Cornerstone Wealth Advisors has 157 clients and manages $146 million for them, as of February 2026. They include 105 individual clients, 50 high-net-worth individuals and 1 pension or profit-sharing plan.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 13 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cornerstone Wealth Advisors offer?","answer":"Cornerstone Wealth 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 Wealth Advisors use?","answer":"Cornerstone Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $142M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cornerstone Wealth Advisors have?","answer":"Cornerstone Wealth Advisors has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 Wealth Advisors invest in?","answer":"At the end of its last fiscal year, Cornerstone Wealth Advisors’ separately managed accounts held 43% exchange-traded equities, 42% registered funds (mutual funds, ETFs, BDCs), 9% other, 2% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% high-yield corporate bonds. The 9% other category is described as: Alternative Investments.","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 Wealth Advisors?","answer":"Cornerstone Wealth Advisors’ direct owners are Michael Sellman (25% to 50%) and Denise Barrett (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 13 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cornerstone Wealth Advisors get paid?","answer":"Cornerstone Wealth Advisors is paid through a percentage of assets under management, hourly charges 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Cornerstone Wealth Advisors?","answer":"Cornerstone Wealth Advisors’ main office is at 1808 Aston Avenue, Suite 150, Carlsbad, CA 92008. Its phone number is 760-476-1376. Its website is cwainvestors.com.","source":"Form ADV Part 1A, Item 1.F, filed 13 February 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."}